fxs_header_sponsor_anchor

News

US Pres. Trump says “COVID-19 reparations” coming, “US will bill China at least $160 billion”

US President Trump has been crossing the wires and has said that "COVID-19 reparations" coming and that the "US will bill China at least $160 billion". In the same breath, US President Trump says the economy is going to come back very fast. 

Additional quotes

  • Says businesses they will e in good shape || says worst days of pandemic are behind.
  • Says the second round of PPP has processed 450,000 loans totalling over $50 billion.

Market implications

Trade wars will be back on the agenda as Trump seeks to reinstate his authority over the US and drive up demand from his supporters for a leader that will take on China, passing blame for the global pandemic. in any case, the phase-one deal’s target for increased services exports to China this year, almost $13 billon, is almost certainly out of reach which likely means both parties will have to go back to the drawing boards. Trade wars were a huge weight on risk appetite since Trump's presidency and they will be again. Regardless of whether markets recover from COVID-19, trade wars could tip the scales for the next downturn. 

 

 

 

 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.