President Trump still has many 'cards' in the trade war with China
The escalation of trade tension between the US and China this month has made the markets and central banks of many countries around the world "rise up". China does not want to trade war with the United States China does not want to trade war with the United States China does not want a trade war with the US, but will endeavor to defend its interests. However, although US President Donald Trump has used his two major "weapons" by announcing the biggest tax plan for Chinese goods and officially "labeling" China as a currency manipulator, but this President's "arsenal" is still not up. The dollar, the reserve currency of the world, is probably the biggest "bullet" that President Trump has. In a series of recent posts on personal Twitter pages, Mr. Trump called on the US Federal Reserve (Fed) to cut interest rates and weaken the dollar to support US exporters. The move goes against an agreement of the world's leading emergi...
