What crazy markets we have these days! Only the day before yesterday the sell-off because of the Fed, then the euphoria yesterday because of weak US economic data, which would allegedly force the Fed to lower interest rates more strongly after all. But the euphoria was suddenly over when Trump announced in a tweet 10% tariffs on the remaining imports from China from September 1st – now the talks between the two major powers threaten to collapse again. Because China had not been informed before. Tonight the White House has announced that Trump will make a statement on trade with the EU at 5.45 p.m. (German time) – this sounds very much like customs tariffs on cars from the EU! This would open the next front in the trade war.
Yesterday the political theatre in Washington was again in the focus of the markets! Trump had the transcript of his conversation with the Ukrainian president published – and it raises more questions than there are […]
EU with shrinking but still gigantic surpluss in foreign trade in services – surplus with US turns into deficit
The EU continues to generate gigantic trade surpluses in the services sector, amounting to 133 billion euros in 2016, as current data show. While commodity exports are booming, exports of services remain at a high […]
A few days before the G20 summit, the economic world asks itself the question: Will there be a concession in the trade dispute between the USA and China by postponing the introduction of customs duties, […]