Trade plan 04/04/2018
The general picture: Trump made a strong move against China.
The list includes high-tech goods, semiconductors, which is goods for space with only 1300 products. The official reason is a gross violation by China of US intellectual property. Note that all people in history, catching up with others in development that systematically violated this most intellectual property.
In general, the situation with the introduction of U.S. duties against China reminds me the history of the past centuries such as the "Boston tea party" and the war between Britain and the United States followed by the world leader, Britain, that is gradually giving up positions to the new leader.
However, it is important before 11th of May, all interested individuals can submit applications to the US administration for both and against the new tariff and there will be a discussion on May 15.
Thus, the trade war will continue to receive no earlier than May 15, even if there is a respite / pause for the markets.
Today, a report on employment in the US for March from a private agency. ADP at 12:15 London time.
The GBP / USD pair in the currency market:
We expect the pound to rise, but the input from the rollback is interesting. Thus, we buy from the level of 1.4000.
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