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US may cut off relations with China
22-05-2020 16:13
US may cut off relations with China
US may cut off relations with China

The US is planning to punish China for the coronavirus pandemic by imposing new sanctions that are likely to be approved by most countries. In fact, the EU and the US blame China for the disease spread. While the EU has not yet decided what to do, the US president intends to demand financial compensation from China for hiding important information about COVID-19. Otherwise, the US is planning to implement more radical measures as it is the issue of vital importance. "There are many things we could do. We could cut off the whole relationship," Trump said. He also added that money, trading relations, and joint projects are of no value compared to the safety of ordinary Americans. Undoubtedly, most countries support the US approach. However, unlike the US, not all of the countries have an opportunity to behave from a position of power. For example, the main US federal government retirement fund has already halted a plan to shift some of its investments into Chinese companies. Moreover, Donald Trump said that the US could take the extraordinary step of ending its relationship with China in the near future. "You'd save $500 billion if you cut off the whole relationship," Mr. Trump added.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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