Trump Imposed Tariffs On Cotton Futures And Went Straight To The Limit.

President Trump announced that 10% tariffs would be imposed on the remaining Chinese products starting in September 1st. Affected by the impact, the internal and external disk immediately opened the collapse mode. In August 5th, Zheng cotton futures fell all the way, the main 1909 contract hit a new low of 12225, and the two trading days fell more than 800 points, or more than 6%.

In the same period, ICE futures opened a new round of slump in August 1st. Nearly half of the contracts in August 2nd closed at a price close to the limit. The main December contract settlement price fell 60 cents. As of August 5th, ICE futures continued to fall by 2%, now near 57.4 cents. Since August 1st, the contract has fallen by 10% in December.

Although the impact of Trump's tariffs on Chinese clothing exports can be expected, panic selling in the short term is becoming more and more intense. It is expected that the rapid decline of the market will continue for some time, and the negative impact will continue to be released.