President Obama took a very strong position against China’s imposed duties on U.S. auto exports. Washington argues that these duties violate international trade rules. At the same time, whether or not China will reply that buying US 10 year paper at 1.6% is also unfair remains to be seen.
These developments matter to the binary option analysts because the possible outcome of this situation will affect the US economy, and consequently US, and global binary markets.
As reported, ADP reported just 4,000 manufacturing jobs were added in the US in the last month: these are the same people who are supposed to be doubling US exports in Obama’s latest 5 year plan.
Moreover, “less than one percent of the estimated 18 million vehicles sold in China last year were made in America, despite the fact that the Detroit Three brands are growing more popular every day.” However, considering that more than half of GM’s cars are sold in China, once China retaliates to this provocation, it is virtually assured that the bailed out labor union car maker will see its stock price plunge to new post “IPO” lows in the next 2-4 months.