> Nomura says that China cannot match US tariffs 'one-for-one'

Nomura says that China cannot match US tariffs 'one-for-one'

Wednesday, 20/06/2018 | 11:49 GMT

According to the firm's research analyst, Bilal Hafeez

China only imports $190 bn of goods and services from the US
China will not be able to find reciprocal $250 bn worth of US imports to impose tariffs
No wonder why China is talking about 'qualitative' measures as well
Hard to gauge what they may be
Could include restrictions on US visas or investments into China
Possibility of also weakening the CNY to offset some tariffs

Some food for thought as the trade war rhetoric takes a bit of a breather now. Of note, the PBOC did weaken the yuan significantly in today's fixing. If such a move continues to persist, it'll make for a good conversation piece in the coming sessions.