China’s Friday Trade Ambush And FX Intervention: Everything You Need To Know

Just minutes before the July payrolls report in the U.S, China took things up another notch in the trade war. In what looks like an effort to get out ahead of things after Donald Trump directed Robert Lighthizer to ponder hiking the proposed tariff rate on an additional $200 billion in Chinese goods to 25% from 10%, Beijing says it will slap "differentiated tariffs" on some $60 billion in U.S. goods, "as soon as" the Trump administration implements its own measures. According to a statem
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