{"id":46988,"date":"2018-06-18T14:08:21","date_gmt":"2018-06-18T18:08:21","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=46988"},"modified":"2018-06-18T14:08:21","modified_gmt":"2018-06-18T18:08:21","slug":"us-china-trade-tensions-linger","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2018\/06\/us-china-trade-tensions-linger\/","title":{"rendered":"US - China Trade Tensions Linger"},"content":{"rendered":"

Hello traders everywhere. On Friday, President Donald Trump announced that the U.S. would impose tariffs that could impact up to $50 billion worth of Chinese goods. According to Washington, the action comes \"in light of China's theft of intellectual property and technology and its other unfair trade practices.\"<\/em><\/p>\n

That move by President Trump prompted China to retaliate, with Beijing announcing its selection of duties on U.S. goods. The Chinese State Council's commission on tariffs and customs stated that a 25% tariff would occur in early July on $34 billion of U.S. products.<\/p>\n

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The Chinese retaliation news helped to extend the Friday losses into Monday trading with the DOW dropping over 240 pts before bouncing off the lows with the S&P 500 and NASDAQ following suit. <\/p>\n

Crude oil has bounced back from a tough Friday gaining over 2% on that day after as OPEC is said to be discussing a smaller-than-expected output increase with Russia. All eyes will be on the Friday OPEC meeting where Russia and Saudi Arabia are set to consider increases in crude oil production. <\/p>\n

Key Events To Watch For This Week<\/h2>\n

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