Trade War: It's Not As Bad As It Could Be
Source: SeekingAlpha
2025-04-07 07:18:46 ET
Summary
- China's quick response to the duties will keep fears from growing.
- The commodity economy will suffer the biggest losses. The service sector will suffer less.
- I don't expect a market crash similar to 2008 and 2020. Monetarism won't allow it.
- The market will be at the mercy of speculation until the summer.
China quickly responded to Trump's duties on Chinese goods imported into the U.S. by raising its duties on U.S. goods imported into China, mirroring a 34% increase. The duties will take effect on April 10. So, China has also said it will tighten controls on rare earth exports....
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Trade War: It's Not As Bad As It Could Be
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