Tensions in trade relations between countries threaten the financial markets. Many heads of central banks are afraid of global economic expansion due to the possibility of trade wars between countries.
Tomorrow, in response to the introduction of duties by the US, the EU will approve reciprocal duties on such goods as motorcycles, cranberry sauce, and orange juice; according to rough estimates this amount will be $3.4 billion.
Furthermore, in view of some disagreements in the White House, the US position remains somewhat shaky. Since several Republicans are calling for ZTE's access to technological developments and an already record fine increase, Donald Trump is trying to keep the deal as an ace up in his sleeve to reduce the consequences of China's retaliatory duties.
