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Trade War - SERIES 72 {12 articles}

Why Donald Trump’s trade war with China is sure to fail

8/30/2018, 5:12:49 PM
The woes and risks of Donald Trump’s ill-advised trade war are fast becoming a reality, endorsed even by the corporate media. ✔ And for Chinese businesses and consumers, a weaker yuan makes imports of American goods even more expensiveamplifying the impact of China’s retaliatory tariffs ✔ However, overstating the effects of this strategy and empowering Trump’s hawkish position, while assuming that China does not have some dangerous tricks of its own up its sleeve as well as a backup plan, will have an equally adverse effect on the United States somewhere down the track


Trump ready to ratchet up China trade war with more tariffs: report

8/30/2018, 7:35:04 PM
U.S. President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday. ✔ Talks aimed at easing tensions ended last week without major breakthroughs ✔ The new proposed 25 percent tariffs would affect consumer products including home building supplies, technology products, bicycles and apparel ✔ Our Standards:The Thomson Reuters Trust Principles


EU takes SWIPE at Trump as trade war ERUPTS - ‘We have PROFOUND disagreements’

8/30/2018, 5:31:37 PM
THE EUROPEAN Commission has lashed out at US President Donald Trump amid their on-going trade row over imposed tariffs on industrial goods, declaring there are still "profound disagreements" on trade policy. ✔ Last week, the Washington rejected EU's proposals to include cars in trade discussions, as Mr Juncker and Mr Trump prepare for further talks ✔ Cecilia Malmstrom declared plans to finalise a more limited trade agreement with the US (Image: GETTY) In a joint statement released in July, the two leaders agreed to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods ✔ These would further amplify the negative effect on GDP


Trade worries drag on Wall Street; tech stocks keep Nasdaq afloat

8/30/2018, 5:13:18 PM
The S&P 500 and the Dow Jones Industrial Average slipped on Thursday, after four sessions of gains, over concerns about the U.S.-China trade war, but gains in technology stocks helped lift the Nasdaq. ✔ At 12:49 p.m. ET the Dow Jones Industrial Average .DJI was down 87.09 points, or 0.33 percent, at 26,037.48, the S&P 500 .SPX was down 5.79 points, or 0.20 percent, at 2,908.25 and the Nasdaq Composite .IXIC was up 10.08 points, or 0.12 percent, at 8,119.77


Trump eager to slap tariffs on $200bn of China imports: Bloomberg

8/30/2018, 7:10:34 PM
Bilateral talks ended last week without major breakthroughs on trade issues ✔ The S&P hit session lows and U.S. Treasury yields fell ✔ Talks aimed at easing tensions ended last week without major breakthroughs ✔ The new proposed tariffs would affect consumer products including home building supplies, technology products, bicycles and apparel


China tariff speculation threatens record-setting run for stocks

8/30/2018, 7:22:13 PM
undefined ✔ Washington and Beijing have been locked in a trade war for weeks, but Mr Trump told his aides he wanted to move ahead with plans to place tariffs on $200bn of Chinese imports, Bloomberg reported ✔ The news weighed on stocks, with the S&P 500 now on track to end a four-day winning streak that had seen it close at a record highs in each of those sessions ✔ Energy was the top performer with a flat performance


Trump Said to Back $200B in China Tariffs as Early as Next Week

8/30/2018, 6:58:41 PM
Companies and members of the public have until Sept. 6 to submit comments on the proposed duties. ✔ 6 to submit comments on the proposed duties, which cover everything from selfie sticks to semiconductors ✔ It’s also possible the president could announce the tariffs next week, but say they will take effect at a later date ✔ Discussions between U.S. and Chinese officials last week in Washington yielded few results, thwarting hopes for a quick deal


U.S. consumer spending, inflation data point to strong economy

8/30/2018, 4:36:08 PM
U.S. consumer spending increased solidly in July, suggesting strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve's 2 percent target for the third time this year. ✔ FILE PHOTO - A woman shops in the Health & Beauty section of a Whole Foods in Upper St ✔ Inflation pressures should intensify in coming quarters, said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pennsylvania ✔ Our Standards:The Thomson Reuters Trust Principles


U.S. stocks drop on China trade worries; Argentine peso roiled

8/30/2018, 7:48:15 PM
The rally in U.S. stocks came to a halt on Thursday on new concerns that the U.S.-Chinese trade dispute will intensify, while economic turmoil in Argentina and Turkey sent those countries' currencies tumbling. ✔ Turkey’s lira was pressured after reports that the country’s central bank deputy governor and rate-setter, Erkan Kilimci, is leaving the bank ✔ Earlier this month, Turkey’s currency crisis sent the lira to a record low against the U.S. dollar and sparked concerns about emerging markets investments ✔ [O/R] Our Standards:The Thomson Reuters Trust Principles


China claims Trump ‘distorting the facts’ on North Korea influence

8/30/2018, 5:53:56 PM
China pushed back Thursday against President Trump’s allegation that Beijing is playing the spoiler role in North Korea to gain more leverage in bare-knuckle trade talks with Washington. ✔ Recent months have seen both sides level billions in tariffs on goods moving between the two nations amid fears of an all-out U.S.-China trade war ✔ But Washington should realize that it is impossible for China to do what it used to when the U.S. acts peremptorily against China on trade issues


Analysis | Trump declared the economy the ‘best ... EVER.’ Now he says federal employees won’t get raises because of economic problems.

8/30/2018, 7:43:23 PM
Trump often invokes little-used laws or national security to do things on his own. Now he's invoking economic strife that he has argued doesn't exist. ✔ Section 232 of the Trade Expansion Act of 1962 hadn't been used since 1982, but Trump's Commerce Department determined that reliance upon Canada, Mexico and the European Union constituted a national-security threat, giving Trump the authority to bypass Congress


Word that more China tariffs could come knock stocks lower

8/30/2018, 7:17:58 PM
NEW YORK (AP) — U.S. stocks are turning lower Thursday after Bloomberg News reported the Trump administration could put tariffs on $200 billion in Chinese goods as early as next w ✔ A four-day rally brought major U.S. indexes to record highs ✔ SEND IT BACK?: Campbell Soup says it will sell its international and fresh food businesses to pay down debt and will focus on its snack and soup business in North America ✔ The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 30, 2018


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