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US ready to hit China's economy again


September, 08 2020
watermark Economic news

The US has said it is considering a ban on Chinese cotton products from Xinjiang. The US cited alleged human rights violations in Xinjiang as the reason for this move.


Moreover, D. Trump noted that if he is re-elected in the presidential elections, he will end his dependence on the Chinese economy. In his statement, the president stressed that he «intends to turn the United States into a manufacturing superpower, independent of China.»


According to the head of the White House, the US authorities will be able to return jobs from China, and companies that want to leave America will be required to pay large sums. Trump also said that today the United States is losing billions of dollars in the course of economic cooperation with China.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.