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The inflamation of trade tensions between the United States and China and fears related to divisions within NATO which meets today in Brussels, make the markets stock and nervous currencies. In addition to the fall in the stock markets, there is also the yuan and commodities, while the pound is trying to redeem itself after recent declines due to the political chaos generated by the Brexit and economic difficulties. Trump, who calls on Europe and especially Germany to make more economic efforts for defense spending, accused the Berlin government of "being a prisoner from Russia ". Yesterday Donald Tusk, President of the EU Council, advised Trump to keep the few allies that he has.
After more than a year when the United States tried to persuade China to stop unfair trade practices, now the government has lost its patience. Washington has published a list of Chinese products with a total value of $ 200 billion that could be subject to additional duties of 10% . In this way, the promise of a further escalation of the trade war between the world's two leading economic powers would be realized. Meanwhile, a US official told CNBC that China does not seriously negotiate with America. This is a sign that an agreement between the two blocks has no chance of coming to fruition soon.
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