Just after the US Markets closed in New York last night, red headlines hit the screens saying ‘’U.S is said poised to release $200bn China tariff list’’. This was exactly what President Trump said he would do if China retaliated against the imposition of tariffs on the $50bn worth of Chinese imports, $34bn of which came into effect last Friday and to which China immediately countered. While not unexpected, I continue to view latest US actions, assuming they are confirmed, as a negotiating tactic designed to get China back to the negotiating table on trade, in particular since going ahead with such a plan will inevitably impose significant burdens on US consumers (higher prices, as well as probable job losses). Note in this regard, as the FT’s John Authers did yesterday, that the price of washing machines have risen by 17.7% since Trump imposed import tariffs at the end of last year.

To mark my 1625th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 210 points yesterday and is now ahead by 396 points for July, having made 994 points in June, 1927 points in May, 1657 points in April, 1760 points in March, 2256 points in February, 879 points in January and 946 points in December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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