In my recent meetings with clients, most questions have been focused on one thing: the ongoing trade war between the US and China. Here are my thoughts on some of the most common concerns.
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The US has imposed a new export ban on Nvidia’s China-tailored chip, but the company is likely to develop alternative product offerings in response.
We learned from a recent trip to the Canton Fair that China’s exports to the US are taking a huge hit but have not been wiped out.
Most of China’s major economic indicators improved in March, but the impact of Trump’s tariffs looms on the horizon.
Tariffs between the US and China have ballooned in recent days, but it seems more likely now that the two sides will start talking to each other.
Beijing has retaliated against Trump’s latest tariff hike with a basket of measures and vowed to provide greater support to the economy.
Trump has announced a major new tariff package, including a 34-ppt hike on China; the US also revoked the de minimis treatment for Chinese shipments.
The USD/CNY spot rate has been quite stable over the past two months despite higher tariffs from the US, largely due to a weak USD.
Beijing has expressed opposition to CK Hutchison’s plan to sell its Panama ports, and we doubt the deal can proceed as originally planned.
China has announced multiple retaliatory measures in response to the US’s latest 10-ppt tariff hike on Chinese goods.