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China says it will ignore the US if tariffs keep escalating
CNY
- It no longer makes economic sense if US imposes more tariffs
- US should bear the responsibility for the damage caused by tariffs
You don't need more tariffs to tell you that it already doesn't make economic sense at this point. At this point, the tariff levels are just a number. The symbolism is more important and the latest retaliation here says that China isn't going to blink first in this game of chicken. The ball now goes back over to Trump and/or the Fed.
Source: Forex Live
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