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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US ready to hit China's economy again

September, 08 2020
watermark Economic news

The US has said it is considering a ban on Chinese cotton products from Xinjiang. The US cited alleged human rights violations in Xinjiang as the reason for this move.


Moreover, D. Trump noted that if he is re-elected in the presidential elections, he will end his dependence on the Chinese economy. In his statement, the president stressed that he «intends to turn the United States into a manufacturing superpower, independent of China.»


According to the head of the White House, the US authorities will be able to return jobs from China, and companies that want to leave America will be required to pay large sums. Trump also said that today the United States is losing billions of dollars in the course of economic cooperation with China.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.