# Australian dollar left bloody after computer-driven crash | Reuters

> The European Union will impose tariffs of up to 37.6% from Friday on imports of Chinese-made electric vehicles, EU officials said. The move is Brussels' largest trade case yet and raises tensions with Beijing.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/61371-australian-dollar-left-bloody-after-computer-driven-crash-reuters
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Escalating EU-China trade friction can weaken Chinese demand sentiment and shift trade flows, with limited direct effect on feed grain or oilseed prices.

## Sources

- reuters.com: https://www.reuters.com/article/us-australia-forex-idUSKCN1OX04D/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.