Posted by Speedy Boy > 2018-09-23 00:31 | Report Abuse

So finally on monday we will see US and China slapping 10% tariff on each other! And China has call off further trade talks! Actually this is what Donald wants! Basically, China will import less of US goods! Not only because of the 10% tariff but also dollar is just too strong for meaningful imports! As for US, strong dollar is bad! Who wants to import goods from US when you can get alternative at weaker currency! My assesment is, dollar will start to weaken from monday onward! This is to help lessen impact if China refuse to import! US still need to sell to other countries so weak dollar would certainly be needed by next week!