China Turned Around This Morning
It’s funny because everyone thinks they are “winning” the trade war. The Chinese Government is planning to cut tariffs on imports to their favored trading partners, which we assume will no longer include the US. This will disadvantage US exporters to China and encourage Chinese firms and consumers to buy goods and services from other trading partners but it’s also a nice tax break so it’s boosting the Shanghai this morning, up 2.5% for the day at the close.
Read more at : https://www.investing.com/analysis/tgif–quad-witching-today-window-dressing-next-week-200344974