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The 2 sides of TRADE WAR & How should we position ourselves? (Part 2)
By EngineerInvest.com  •  April 16, 2020
Trump has struck again, this time threatening to raise the tariffs to 25% from 10% on 200 billion worth of China goods [1]. This move is a predictable one considering the weakening of the Chinese Yuan against the US Dollars for the past few weeks (dropped from previously 1 USD to 6.2+ Yuan to current 1 USD to 6.8+ Yuan). This dropped of almost 8-10% in the currency strength will negate off the 10% tariffs of the 200 billion goods if implemented. In layman terms, the 10% tariffs (200 billion China goods) will have no impact on China at all. This explains why Trump decided to increase the tariffs further to 25% and hope to push China harder to get back on to the negotiation table. China has responded swiftly to Trump's threats again and they mentioned: “China has consistently advocated resolving differences through dialogue, but only on the...
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By EngineerInvest.com
2020 happened to belong to my zodiac, the Year of the Rat. Yes, I’m 35+? . Leaving my stable 6-figure per annum job as an engineer (it's really not too bad being an engineer) right after I bought my new car and amid the COVID-19 outbreak left many of my friends in disbelief. I got bombarded with many questions especially during the Lunar New Year gathering. Questions like “Don’t bluff, you received a better offer right?" Actually yes, I offered myself a job of spending more time with my family, to do what I love and to improve my wellbeing.
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