A trade war won't benefit the US - Opinion
undefined ✔ In the past, thanks to China's super-national treatment and abundant cheap labor, foreign enterprises used to compete with each other to invest in China ✔ Or else, by the time Trump's trade policy gradually becomes ineffective, the US economy would suffer irreparable losses, because if Washington continues to impose higher tariffs on Chinese goods, Beijing will fight back
China and US rush to aid industries hit by trade war
Washington to pay $4.7bn in assistance to affected farmers ✔ © Reuters Beijing, meanwhile, is supporting companies through greater lending ✔ There will be six days of public hearings for affected industries and organizations, raising businesses' hopes that Trump will reconsider ✔ Similar policies will not be able to offset the impact if the trade war intensifiesHong Kong’s hot property sector show signs of cooling
undefined ✔ Residential prices have rocketed over the past decade, increasing 260 per cent since 2009, according to CLSA, the capital markets and investment group ✔ evident from the fact buyers are increasingly turning to old public rental housing flats, where prices have gone up by 70 per cent to 90 per cent, reaching as much as HK$6m apiece
China 'keeping wary eye' on US and EU as trade pressure mounts
undefined ✔ At the heart of the conflict is China's state-led economic model, which is problematic under the global trading system ✔ We only hope to see a similar level of ambition in terms of the sectorial coverage, level of openness and transparency in China's first offer to us ✔ We need to bear in mind the significant disparity in our current levels of openness, which we seek to rebalance, the embassy said
Global financial market SOARS after Donald Trump announces new US-Mexico trade deal
THE GLOBAL stock market shot to a six-month high at the start of the week, after Donald Trump announced a long-awaited US-Mexico trade deal to replace the North American Free Trade Agreement (NAFTA) agreement. ✔ Canadian Prime Minister Justin Trudeau had described the US plans to raise tariffs on steel and aluminium on national security grounds as insulting and Trump labelled Mr Trudeau as very weak and dishonest ✔ That has been absolutely clear from the very beginning
Gold prices nod up as US-China trade tensions are in focus
The trade tensions between China and the U.S. continue to weigh on gold ahead of a looming deadline on another round of tariffs. ✔ The dollar index, which measures the greenback against a basket of currencies, was mostly steady on Wednesday at 94.756 ✔ Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.62 percent to 759.87 tonnes on Tuesday from Monday
These car brands are tops in customer satisfaction
Lexus and Subaru were among the best performers in the American Customer Satisfaction Index’s annual auto report. ✔ ACSI noted that Volvo scored well in vehicle safety and comfort ✔ Ford’s Lincoln was the top-rated U.S. luxury brand with a score of 84, up slightly compared to last year ✔ Manufacturers have already come under pressure from rising costs for raw materials such as steel and aluminum following tariffs on the metals
Opinion | Two cheers for Trump's trade agreement with Mexico
His Mexico move allows the White House to focus on fairer trade with China. ✔ This raw number disguises the fact that China’s current-account surplus has been declining sharply as a percentage of its overall economy, from 9.9 percent of its gross domestic product in 2007 to about 1.4 percent last year ✔ Thiessen: Trump is using tariffs to advance a radical free-trade agenda
Dollar firms as investors await developments in China-US trade relations
The spotlight is on China-U.S. trade relations as the September 5 deadline for public comment on additional tariffs by Washington on Beijing looms. ✔ The dollar inched higher on Wednesday, sticking to a tight range after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of an upcoming deadline in the China-U.S ✔ The United States and Mexico agreed earlier this week to overhaul NAFTA, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-country pactDollar steady, sticks to tight range as investors await trade news
The dollar inched higher on Wednesday, sticking to a tight range after touching a four-week low overnight as optimism over the U.S.-Mexico trade deal gave way to caution ahead of an upcoming deadline in the China-U.S. trade dispute. ✔ The United States and Mexico agreed earlier this week to overhaul NAFTA, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-country pact ✔ Our Standards:The Thomson Reuters Trust PrinciplesAsian shares, dollar becalmed awaiting trade news
Asian share markets were left in limbo on Wednesday as optimism over the U.S.-Mexico trade deal was quickly replaced by caution ahead of a looming deadline on tariffs with China. ✔ President Trump warned he could proceed with Mexico alone and levy tariffs on Canada if it does not come on board with the revised trade terms ✔ [O/R] (Graphic: MSCI and Nikkei chart: reut.rs/2sSBRiD) Our Standards:The Thomson Reuters Trust PrinciplesAsia shares eke out gains, dollar befuddled by trade doubts
Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China. ✔ IT’S NOT A DONE DEAL Yet even if Trump were to go with Mexico alone, Congress would have to approve the deal in a process that would take months and put it beyond the mid-term elections ✔ It was going nowhere on the yen at 111.24 JPY=, having spent the past three sessions in a 110.93/111.49 range ✔ Our Standards:The Thomson Reuters Trust Principles
China Has Been Withholding Bird Flu Samples. Here's Why Thousands Could Die
Refusing to supply samples of a bird flu could lead to 100,000s of deaths worldwide if a pandemic broke out. ✔ During the 1918-1919 Spanish influenza pandemic, around 50 million people died globally ✔ (Adult fatalities are recorded differently than those of children, and an approximate count emerges long after each season is over.) The Chinese Center For Disease Control and Prevention website appears to be offline at this writing, and Fortune was unable to request comment
Clock is ticking for Canada in Nafta deal
President Trump has given Canada just five days to come to an agreement with the US on trade. ✔ I think the question the Canadian negotiators are trying to calculate is whether or not this is a serious threat or a bluff, says Edward Alden, a senior fellow on trade at the Council of Foreign Relations in Washington, DC ✔ We're going to get a test of that over the next several days
How Trump relies on his cable news Cabinet as much as the real one
Many members of Trump’s Cabinet have cable network shadows who influence the president’s actions. ✔ Stevens, Republican political consultant and writer who was Mitt Romney’s senior strategist in 2012 presidential election, decried Trump’s reliance on the insane feedback loop of Fox ✔ He relates to the world the way the world relates to him, and it is what it appears to be: a guy sitting around watching television>>> Open This Series
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