AUD: China Retaliates Against 12 US Companies, Executives
The China takes action against 12 US Based Military arm providing companies to Taiwan for war related purposes and freezed movable, immovable assets in China and not trade inside china for this 12 US companies. May 14 noted, US imposed $18 Billion worth of Tariffs imposed on China, this is the retaliation measures taken from China side and it is fully effective from August 01, Many public in China said June 18 is the deadline for tariff measures against US companies. Trade war begins as Fire due to November month US Election 2024, Trump accusing Biden as China supportive Biden in many campaigns. So Election closer Biden takes China tariffs measures and Crypto regulation favoring for Public to get more votes.
EURAUD is moving in Descending channel and market has fallen from the lower high area of the channel
China announced on Wednesday that it will impose countermeasures against 12 American companies and their senior executives, as trade tensions between the world’s two largest economies escalate.
The retaliatory measures will include freezing movable, immovable, and other types of assets in China.
This decision follows the White House’s announcement on May 14, which stated that the US will increase tariffs on Chinese chips and electric vehicles.
Reports indicate that many of these tariffs will take effect from August 1. Additionally, there will be a public comment period on the new China tariffs, with a deadline of June 18.
Reuters reported that the US Trade Representative (USTR) has released details on the specific tariff codes, the amount of the increased tariffs, and the timing of the increases.
Key points include:
– Any exclusions granted from the new Chinese tariffs will be effective through May 31, 2025.
– The USTR is seeking public comment on whether tariffs on facemasks, medical gloves, syringes, and needles should be higher than proposed.
AUD: China Targets 12 U.S. Military-Linked Firms
China has taken action against 12 US-based military companies that supply arms to Taiwan for war-related purposes. This includes freezing their movable and immovable assets in China and banning these companies from trading within the country.
On May 14, the US imposed $18 billion worth of tariffs on Chinese goods, prompting China’s retaliatory measures. These Chinese countermeasures will be fully effective from August 1. Additionally, the public comment period on these new tariffs against US companies will end on June 18.
GBPAUD is moving in Descending channel and market has rebounded from the lower low area of the channel
The trade war is intensifying, partly fueled by the upcoming US presidential election in November 2024. Former President Trump has accused President Biden of being too supportive of China in many of his campaign speeches. In response, Biden has implemented stricter tariffs on China and introduced crypto regulations to appeal to the public and garner more votes.
China announced on Wednesday that it had taken measures against 12 companies involved in the U.S. military-industrial complex and their senior executives, in response to the U.S. arming of Taiwan and imposing sanctions on Chinese companies.
The U.S. companies targeted include units of Lockheed Martin, Raytheon, and General Dynamics, according to China’s Foreign Ministry.
The measures, which took effect from Wednesday, include freezing assets in China and banning senior executives from entering the country.
This action follows the U.S. “indiscriminately imposing unlawful unilateral sanctions on a number of Chinese entities based on so-called Russia-related factors,” the ministry said in a statement.
China stated that the U.S. had “ignored its objective and impartial position in the Ukrainian crisis” and had instead “engaged in unilateral bullying and economic coercion.”
The ministry added that the U.S. has continued to sell arms to Taiwan, which “seriously violates” the one-China principle and joint communiqués between both countries, and “seriously undermines” China’s sovereignty and territorial integrity.
AUD: China Retaliates Against 12 US Firms and Executives
China has announced retaliatory measures against 12 US-based military companies that supply arms to Taiwan. The measures include freezing the companies’ movable and immovable assets in China and banning them from trading within the country.
This move comes in response to the US imposing $18 billion worth of tariffs on Chinese goods on May 14. China’s countermeasures will take full effect from August 1, with a public comment period on the new tariffs ending on June 18.
AUDJPY is moving in Ascending channel and market has fallen from the higher high area of the channel
The escalating trade tensions are further complicated by the upcoming US presidential election in November 2024. Former President Trump has accused President Biden of being overly supportive of China in his campaign speeches. In turn, Biden has implemented stricter tariffs on China and introduced favorable crypto regulations to win public support and secure more votes.
China announced on Wednesday that it will impose countermeasures against 12 American companies and their senior executives, escalating trade tensions between the world’s two largest economies.
The retaliatory measures will include freezing movable, immovable, and other types of assets in China.
This decision is in response to the White House announcement on May 14, which stated that the US will increase tariffs on Chinese chips and electric vehicles.
Reports indicate that many of these tariffs will take effect from August 1. Additionally, there will be a public comment period on the new China tariffs, with a deadline of June 18.
🔥Stop trying to catch all movements in the market, trade only at the best confirmation trade setups
🎁 60% OFFER for Trading Signals 😍 GOING TO END – Get now: https://forexfib.com/offer/
