Broker of the Week Oanda - Read Full Review

Free Top Brokers Comparison Service

HELP ME CHOOSE START QUIZ

China to sanction 28 US individuals

[ad_1]

Following the US sanctions in August against Hong Kong officials seen as undermining the city’s autonomy and freedom, China is reported on Wednesday by state media to sanction 28 US individuals including Pompeo, Navarro, John Bolton and Stephen Bannon. 

Earlier in the week, Beijing announced that it would target American personnel in response to Washington’s bans triggered by mass arrests in Hong Kong.

”US efforts to forge stronger links with Taiwan will also be met with retaliatory action”, the Chinese foreign ministry said.

Chinese foreign ministry spokeswoman Hua Chunying said the United States had “blatantly intervened” in Hong Kong by imposing sanctions on six mainland Chinese and Hong Kong officials over the mass arrest of more than 50 pro-democracy politicians and activists in the city.

Hua said Beijing would impose reciprocal sanctions on US officials who were “primarily responsible for the vile actions on Hong Kong” and their family members.

“The US must immediately stop interfering in Hong Kong’s affairs and immediately stop using various pretences to interfere in China’s internal affairs, endangering China’s national security,” she said, adding the US was going along a path of “error and danger”

Market implications

The relationship between the US and Taiwan has rustled the feathers of Beijing as the outgoing administration has strengthened its ties of late, including through arms sales and official’s visits. 

Antony Blinken, US President-elect Joe Biden’s nominee for secretary of state, on Tuesday promised major changes after four years of Donald Trump’s foreign policy but stressed one priority will remain the same … China.

Also, Treasury secretary nominee Janet Yellen said on Tuesday, that the US is prepared to “use the full array of tools” against “abusive” Chinese practices.

All in all, officials have been projecting a tough stance on the bilateral trade row under Biden. 

Markets will be on standby for escalation of the trade and curreny wars. 

 

 

 

[ad_2]

Source link

We will be happy to hear your thoughts

      Leave a reply

      Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

      Advertiser Disclosure: Brokerspilot.com helps investors across the globe by spending over hours each month testing and researching online brokers.

      How do we make money? Our partners compensate us through paid advertising.

      While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site.

      Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

      Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective.

      While Brokerspilot.com has some data verified by industry participants, it can vary from time to time.

      Operating as an online business, this site may be compensated through third-party advertisers.

      Our receipt of such compensation shall not be construed as an endorsement or recommendation by Brokerspilot.com, nor shall it bias our reviews, analysis, and opinions.

      en_USEnglish
      Best Forex Brokers Reviews
      Logo
      Reset Password
      Compare items
      • Total (0)
      Compare
      0