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Markets around the world continue to question what the future holds for relations between China and the United States, with the two big countries failing to meet each other. Monday marks the day when the latest series of tariffs – targeting products from the United States and China – come into force, adding nervousness to the markets, as investors question what it means for investors. two countries.
The United States announced that the United States would impose 10% of the duties on Chinese goods valued at $ 200 billion, which should reach 25% by the end of the year. China, meanwhile, has responded by targeting tariffs on more than 5,000 US products, worth a total of $ 60 billion.
The latest blow comes after the two countries have already imposed billions of dollars of tariffs on each other, pointing out that this titanic trade war shows no sign of decline. A recent Wall Street Journal report said China had canceled mid-level trade talks with states, as well as plans to visit Washington to try to solve the problems. As a result, investors will closely monitor the actions likely to be affected by these levies, including core resources and technology stocks.
Meanwhile, relations between the United Kingdom and the European Union remain tense between the two groups and within the British political party system. Last week, at a summit in Austria, EU leaders rejected Britain's Prime Minister Theresa May's "Checkers" plan, saying there should be more focus on trade and the border with Britain. Ireland.
At the latest, the Labor Party of the British Opposition saw its leader Jeremy Corbyn declare that he would support a second vote in the Brexit referendum if his party decided to continue in this direction. The party could hold a vote this week to find out if a possible second public referendum should remain on the table, if May fails to pass his proposal to leave the EU by parliament, Reuters reported over the weekend. -end.
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