China’s Commerce Ministry: Forced to retaliate against US tariffs

As the US tariffs take effect on the Chinese goods, the Chinese Commerce Ministry is out on the wires now, with the following responses.

Will continue evaluating the impact of US tariffs.

To report to WTO on trade conflicts with the US.

Has to fight back against the US on trade.

Forced to retaliate against US tariffs.

US actions severely harming global supply and value chain.

US actions on trade hampering the pace of global recovery.

EUR/USD trades calm amid rising US-China trade war fears

The US-China trade war is close to becoming a reality, however, EUR/USD is showing no signs of stress. The pair continues to trade flat-lined around
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US: Overall strong labour market prevails – Nomura

US ADP reported a 177k gain in private employment in June, below expectations (Nomura: 205k, Consensus: 190k) with a modest 11k upward revision to the
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