Market Talk – September 11, 2019

by Martin Armstrong
Armstrong Economics

ASIA:

Finally, some positive news from the US and China trade war as China announced they will exempt 16 categories of products from US tariffs today ahead of the meeting early next month. The two main categories of products were seafood and medicines related to cancer, perhaps looking at these products as more of a case to help China rather than loosen the tension.

After the meeting yesterday with German Foreign minister and Hong Kong activist Joshua Wong, China announced they have “sufficient proof” of foreign intervention in Hong Kong. In addition, China has now recalled the German ambassador in retaliation of the meeting which took place. “What happened now, I unfortunately have to say, will have negative consequences on bilateral relations and the Chinese side has to react,” said the German ambassador Wu Ken.

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