The US Commerce Dept.'s 10-20% import tax on Chinese coated paper caused the market to lose steam today. This duty is the Department's first in 20 years and is expected to spread to other Chinese products. This news is contrary to the academic position that free trade benefits all participants.
2 comments:
The announcement certainly caused the US Dollar to tank. What is your take on how this will potentially affect US equities, vs. International and Emerging Market equities?
Thanks Deborah.
Dear Jim,
The US and emergin markets may suffer from less global trade. Europe and Canada may out-perform.
Good question!
Deb
Post a Comment