2 hours ago:-
LONDON — The risk of an escalating trade war between China and the US is rising fast. (says Goldman Sachs)
US President Donald Trump's trade advisor, Peter Navarro, proposed a blanket 45% tariff on all Chinese-made goods.
And Goldman Sachs analysts Andrew Tilton and Alec Phillips said they saw "little reason to believe" that Trump would back down on imposing restrictions on Chinese imports such as on steel and machinery.
"We believe the Trump administration is likely to make an announcement on China’s currency policy and impose unilateral tariffs on a number of products," the analysts said in a note to clients. "In general, we expect this administration to be much more active in using existing 'trade enforcement' tools than recent administrations."
http://www.*.com/goldman-sachs-how-donald-trump-will-escalate-a-trade-war-with-china-2017-2?IR=T
We could well see a re-run of 2010 for rare earth prices if China stops all rare earth exports in retaliation to US imposed tariffs
GOLDMAN SACHS
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