US and China: who will make the first move?

Tariff Tensions Deepen as US-China Talks Remain Distant 🇺🇸🇨🇳

Last week, things stayed unclear about tariffs 😕—especially whether the US and China will talk again to solve the issue 🤝. Instead of making progress, things got worse. The US added new limits on Nvidia’s AI chips made for China 💻⚠️, which made investors nervous and caused markets to drop 📉. Also, the US is thinking about charging extra fees on Chinese cargo ships 🚢💸, adding more tension between the two countries.

📌 According to MUFG’s FX analysts, these moves show things are getting worse, not better.

#USChinaTensions