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
USD/JPY Hits 160.00 Mark, Will Japanese Government Intervene? Will the Currency’s Rally Be Contained?As of March 30, the US Dollar against the Japanese Yen ( USDJPY) continues to fluctuate at high levels near the 160 mark, with the Yen having fallen to a nearly one-year low. Expectations
Author  TradingKey
13 hours ago
As of March 30, the US Dollar against the Japanese Yen ( USDJPY) continues to fluctuate at high levels near the 160 mark, with the Yen having fallen to a nearly one-year low. Expectations
placeholder
Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflictsGold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Author  FXStreet
22 hours ago
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
placeholder
Seesaw Effect Continues. US Pre-Market Three Major Index Futures Weaken, Oil Prices Rise, Bitcoin Drops Below 68,000 MarkAgainst a backdrop of intertwined geopolitical risks and macroeconomic uncertainty, global market sentiment has repeatedly diverged. In Friday pre-market trading ET, the three major U.S.
Author  TradingKey
Mar 27, Fri
Against a backdrop of intertwined geopolitical risks and macroeconomic uncertainty, global market sentiment has repeatedly diverged. In Friday pre-market trading ET, the three major U.S.
placeholder
Australian Dollar falls to two-month lows on US–Iran peace uncertaintyAUD/USD extends its losing streak for the fourth consecutive day, trading around 0.6880 during the Asian hours on Friday.
Author  FXStreet
Mar 27, Fri
AUD/USD extends its losing streak for the fourth consecutive day, trading around 0.6880 during the Asian hours on Friday.
placeholder
US-Iran Rift Persists, Will Gold Rise or Fall Next?US-Iran tensions persist; $4,400 becomes the gold ( XAUUSD) bulls' make-or-break level.During the European session on March 26, as of press time, spot gold retreated 1.5% to $4,436.42 per
Author  TradingKey
Mar 26, Thu
US-Iran tensions persist; $4,400 becomes the gold ( XAUUSD) bulls' make-or-break level.During the European session on March 26, as of press time, spot gold retreated 1.5% to $4,436.42 per
goTop
quote