Global Perspectives: Where Will US-China Trade Friction Lead?

Foreign Exchange - Global Perspectives
GP-HERO
Where Will US-China Trade Friction Lead?
Share this story:
Facebook
Twitter
LinkedIn
Email
New tariffs between the U.S. and China were announced this week. It seems that U.S. strategy is to continue to increase tariffs until China agrees to our terms. China has fired back with $60 billion of new tariffs of its own on U.S. goods.
But, as investors know, no trade war ends without unintended consequences.
Interestingly, Chinese Premier Li Keqiang has vowed that China won't weaponize its currency, meaning that the country will not deliberately weaken its currency to help its exporters. That being said, the Chinese Yuan (CNY) has already weakened by almost 10 percent this year. As the CNY is a quasi-fixed currency, understandably some observers may be skeptical about Li's commitment.
WATCH THE VIDEO
If we can help you with any Foreign Exchange needs, please email foreignexchange@cnb.com or call (800) 447‑4133.
Want to learn more about international finance, economics, and global events? Sign up for our other Foreign Exchange emails and videos!
Follow City National Bank on social media:
Facebook Twitter LinkedIn Google Plus YouTube
Investment and Insurance Products:
Are Not insured by the FDIC or any other federal government agency
Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
May Lose Value
This report is for general information and education only and was compiled from data and sources believed to be reliable. City National Bank does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the authors as of the date of the report with no obligation to update or notify of inaccuracy or change. This report is not a recommendation or an offer or solicitation to buy or sell any financial instrument discussed. It is not specific investment advice. Financial instruments discussed may not be suitable for the reader. Readers must make independent investment decisions based on their own investment objectives and financial situations. Prices and financial instruments discussed are subject to change without notice. Instruments denominated in a foreign currency are subject to exchange rate and other risks. The Bank (and its clients or associated persons) may engage in transactions inconsistent with this report and may buy from or sell to clients or others the financial instruments discussed on a principal basis. Past performance is not an indication of future results. This report may not be reproduced, distributed or further published by any person without the written consent of City National Bank. Please cite source when quoting.
Unsubscribe from this list  |  Update email preferences
This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add foreignexchange@emails.cnb.com to your email address book or safe sender list.
Copyright ©2018 City National Bank – All Rights Reserved.
350 South Grand Avenue, Los Angeles, CA 90071
City National Bank is a subsidiary of Royal Bank of Canada.
TERMS & CONDITIONS  |  PRIVACY STATEMENT
Equal Housing Lender
NMLSR ID# 536994 | CNB MEMBER FDIC
                                                           

Comments

Popular posts from this blog

Acquisitions or Alliances: What's Your Growth Strategy?