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Key Points
- White House spokesperson Caroline Leavitt stated that China has not withdrawn its retaliatory tariffs. As a result, the previously announced 104% tariff on Chinese goods will take effect starting April 9. This has escalated tensions in the U.S.-China trade dispute and raised concerns globally.
- Chinese Premier Li Qiang responded by firmly rejecting President Trump’s demand to lift the retaliatory tariffs, emphasizing that China possesses sufficient policy tools to completely offset the U.S. tariffs.
- U.S. President Donald Trump revealed via Truth Social that he had a positive phone call with South Korea’s Acting President Han Duck-soo. He also mentioned that negotiations are ongoing with several other countries, suggesting that Trump’s reciprocal tariffs are being used as a bargaining tool.
- Although Australia has been subject to a relatively low 10% reciprocal tariff, the 104% tariff on China is expected to further dampen China’s economy, which may also negatively impact Australia’s economic outlook.
This Week's Key Economic Events
+ April 10: FOMC Meeting Minutes, U.S. March Consumer Price Index (CPI)
+ April 11: U.K. February GDP, Germany March CPI, U.S. March Producer Price Index (PPI)
AUDUSD Chart Analysis
As mentioned in the previous analysis, the pair showed a short-term upward movement but faced resistance and began to decline. Notably, it broke through the expected support level of 0.60000, indicating potential for further downside. The next support level is around 0.57000, and we continue to maintain a bearish outlook toward that range.
Please feel free to share your personal opinions in the comments. Don’t forget to boost and subscribe!
Key Points
- White House spokesperson Caroline Leavitt stated that China has not withdrawn its retaliatory tariffs. As a result, the previously announced 104% tariff on Chinese goods will take effect starting April 9. This has escalated tensions in the U.S.-China trade dispute and raised concerns globally.
- Chinese Premier Li Qiang responded by firmly rejecting President Trump’s demand to lift the retaliatory tariffs, emphasizing that China possesses sufficient policy tools to completely offset the U.S. tariffs.
- U.S. President Donald Trump revealed via Truth Social that he had a positive phone call with South Korea’s Acting President Han Duck-soo. He also mentioned that negotiations are ongoing with several other countries, suggesting that Trump’s reciprocal tariffs are being used as a bargaining tool.
- Although Australia has been subject to a relatively low 10% reciprocal tariff, the 104% tariff on China is expected to further dampen China’s economy, which may also negatively impact Australia’s economic outlook.
This Week's Key Economic Events
+ April 10: FOMC Meeting Minutes, U.S. March Consumer Price Index (CPI)
+ April 11: U.K. February GDP, Germany March CPI, U.S. March Producer Price Index (PPI)
AUDUSD Chart Analysis
As mentioned in the previous analysis, the pair showed a short-term upward movement but faced resistance and began to decline. Notably, it broke through the expected support level of 0.60000, indicating potential for further downside. The next support level is around 0.57000, and we continue to maintain a bearish outlook toward that range.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.