China's trade challenges – Rabobank

Source Fxstreet

Many factors lie behind this deterioration between China and the West, which we will discuss below. While Europe and some other Western countries are still more reluctant than the US to start a full blown trade war with China, Europe’s patience with China’s trading practices is increasingly wearing thin, Rabobank’s senior macro strategist Teeuwe Mevissen notes.

Trade between China and the West to deteriorate further

“Until 2018, the trade relationship between China and the West was characterized by a rules-based approach under the WTO framework. The trade relationship between China and the West is expected to deteriorate further.”

“The deterioration in the trade relationship between China and the US began under the Trump administration. The Biden administration has kept most of Trump’s trade measures in place.”

“The EU has been more reluctant to take a hawkish stance on trade with China, but their patience with China’s trading practises is increasingly wearing thin.”

 

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Goldman Sachs: Structurally Bullish on Gold to $5,400, But Warns of Short-Term PullbackGoldman Sachs ( GS) 's latest precious metals research report on gold ( XAUUSD) price trends presents a "structurally bullish, tactically cautious" dual outlook, maintaining its year-end
Author  TradingKey
6 hours ago
Goldman Sachs ( GS) 's latest precious metals research report on gold ( XAUUSD) price trends presents a "structurally bullish, tactically cautious" dual outlook, maintaining its year-end
placeholder
UAE Announces Exit From OPEC. Wall Street Warns: Medium-Term Oil Prices Face Downside RisksThe United Arab Emirates (UAE) has officially announced that it will formally withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance on May 1.Bl
Author  TradingKey
10 hours ago
The United Arab Emirates (UAE) has officially announced that it will formally withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance on May 1.Bl
placeholder
Gold holds steady near $4,600 as Fed rate decision loomsGold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday. 
Author  FXStreet
15 hours ago
Gold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday. 
placeholder
Fed FOMC Meeting Is Approaching: Where Is the Focus? Will There Be More Rate Cuts This Year?Global financial markets are set for a "Super Central Bank Week" this week, as five major central banks, including the Federal Reserve, the European Central Bank, and the Bank of Japan, a
Author  TradingKey
Yesterday 06: 22
Global financial markets are set for a "Super Central Bank Week" this week, as five major central banks, including the Federal Reserve, the European Central Bank, and the Bank of Japan, a
placeholder
Japanese Yen extends the range play against USD; looks to BoJ for fresh impetusThe USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
Author  FXStreet
Yesterday 01: 17
The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
goTop
quote