It took them long enough as they would typically have responded at the tail end of Asia trading. At some point, it seemed like they would take a different approach this time around instead of escalating things further but I guess not. The finance ministry has now announced additional tariffs on 84% on US goods, which will go into effect tomorrow.
Risk sentiment now taking a big hit again on the day with S&P 500 futures down nearly 2%.
The ball is now back over to Trump.
This article was written by Justin Low at www.forexlive.com.
