China Ready To Retaliate, Bitcoin Declines

Forex News

US stocks have mildly eased. On the other hand, S&P 500 rose to maximum. The most important data to be released is US jobs report. Meanwhile, Bitcoin and the rest of cryptocurrencies broadly weakened after Goldman Sachs has delayed launching a cryptocurrency trading desk.

Chrystia Freeland, Canadian Foreign Affairs Minister, resumed talks with the US Trade Representative Robert Lighthizer. Canadian official reported the dialogue was constructive, and they’re “making good progress”. Freeland also told: “we continue to get a deeper and deeper understanding of the concerns on both sides.” She also informed that her team have sent the US “a number of issues to work on and they will report back to us in the morning (Thursday), and we will then continue our negotiations.”

Chinese government stated that if the U.S. imposes further tariffs, China will be forced to retaliate. Recently, Donald Trump claimed he was going to put more tariffs on $200 billion of China’s goods and Gao Feng, China Commerce Ministry spokesman said: "If the United States, regardless of opposition, adopts any new tariff measures, China will be forced to roll out necessary retaliatory measures". The fresh package of US tariffs should target consumer products, including furniture, lighting products, tires, bicycles and car seats for babies. But the date for imposing is so far unclear.