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re: Chinese put tariffs on LNG
Posted on 8/6/18 at 9:05 am to I B Freeman
Posted on 8/6/18 at 9:05 am to I B Freeman
Posted on 8/6/18 at 9:06 am to I B Freeman
However, there are some signals that Beijing may soon come around.
Friday marked the eighth-straight week the Chinese yuan has lost value against the U.S. dollar. Investors have continued to pull out of China's stock market, resulting in losses that allowed Japan to overtake China as the second largest market after the United States.
"Investors are losing confidence in China and very much viewing the United States as having the upper hand in this trade dispute," Paul said, noting the mounting pressures on China's economy could prove advantageous for the United States resolving long-standing trade disputes. "China will have to make a decision soon about which direction it wants to go because there are only a couple of possibilities remaining."
Friday marked the eighth-straight week the Chinese yuan has lost value against the U.S. dollar. Investors have continued to pull out of China's stock market, resulting in losses that allowed Japan to overtake China as the second largest market after the United States.
"Investors are losing confidence in China and very much viewing the United States as having the upper hand in this trade dispute," Paul said, noting the mounting pressures on China's economy could prove advantageous for the United States resolving long-standing trade disputes. "China will have to make a decision soon about which direction it wants to go because there are only a couple of possibilities remaining."
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