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Trade War - SERIES 123 {15 articles}

The trade war is already hurting US companies in China

9/13/2018, 8:55:23 AM
Nearly two-thirds of US firms who responded to a survey by American chambers of commerce in China reported that the waves of new tariffs have harmed their business. ✔ That could still happen before the next round of tariffs kick in ✔ The Trump administration has invited Chinese officials to hold a new round of trade talks, top White House economic adviser Larry Kudlow said Wednesday ✔ But that scenario risks underestimating China's capability to continue meeting fire with fire


Sonny's roadshow: How Trump's Ag chief sells a trade war to farmers

9/13/2018, 11:26:47 AM
Breaking off from a tour of dairy operations on a farm in upstate New York, U.S. Agriculture Secretary Sonny Perdue tramps across a muddy path to take a sample of sweet corn from an adjacent field. ✔ REUTERS/Shannon Stapleton With a wide smile, he shucks the ear and takes a bite, then passes it around to others in the crowd before getting back to his mission: selling farmers on the merits of President Donald Trump’s trade war ✔ We are just getting taken advantage of way too much ✔ Some farm industry advocates have long railed against the North American Free Trade Agreement, which Trump has relentlessly targeted ✔ Our Standards:The Thomson Reuters Trust Principles


Malaysian official: We 'should try to take advantage' of the US-China trade war while it can

9/13/2018, 9:38:47 AM
Malaysian Finance Minister Lim Guan Eng acknowledged that his country "hope(s) the trade war would fizzle out because it's not good for the global economy and what's not good for the global economy is not good for Malaysia in the long term." ✔ We have to go through the legal process and due process takes a long time, but we are getting there, Lim said, commenting on the current progress of recovering the missing funds from 1MDB ✔ He had pleaded not guilty to both charges, saying they were politically motivated


China welcomes U.S. invite for trade talks, Asian markets relieved

9/13/2018, 9:31:01 AM
China said on Thursday that it welcomed an invitation by the United States to hold a new round of trade talks, as Washington prepares to further escalate the U.S.-China trade war with tariffs on $200 billion worth of Chinese goods. ✔ China has threatened retaliation, which could include action against U.S. companies operating there ✔ bilateral meeting at the G20 leaders summit in Hamburg, Germany July 8, 2017 ✔ REUTERS/Carlos Barria/File Photo Our Standards:The Thomson Reuters Trust Principles


China, HK stocks climb on hopes of fresh U.S. trade talks

9/13/2018, 9:09:37 AM
Stock markets rallied in China and Hong Kong on Thursday and the Chinese yuan firmed after the Trump administration invited Beijing to restart trade talks, offering some hope the two sides could pull back from the brink of a full-blown trade war. ✔ The White House had quickly backed away after an apparent framework deal was agreed in May ✔ [FRX/] While we agree this should provide short term relief, the road ahead can still be tricky, Tai Hui, chief market strategist for JP Morgan Asset Management, said in a morning note ✔ Our Standards:The Thomson Reuters Trust Principles


Oil slips from 4-month highs on economic concerns 

9/13/2018, 11:10:28 AM
Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens. ✔ Nick Oxford | Reuters A drilling crew member on an oil rig in the Permian Basin near Wink, Texas ✔ The White House has invited Chinese officials to restart trade talks just as it prepares to escalate a trade war with China with tariffs on $200 billion worth of Chinese goods


Oil slips as economic concerns counter tighter supply

9/13/2018, 8:55:29 AM
Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand. ✔ U.S. oil production growth is stalling: reut.rs/2CPGl2p Short-term, the outlook is for tighter supply ✔ Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore, said the inventory data showed a much deeper drop than analyst’s expectations ✔ Iran oil exports to Asia : tmsnrt.rs/2CEzade Our Standards:The Thomson Reuters Trust Principles


Chinese electric vehicle maker Nio makes bumpy start following $1B IPO

9/13/2018, 11:16:16 AM
Nio, the Tesla -wannabe electric vehicle firm from China, enjoyed a mix start to life as a public company after it raised $1 billion through a listing on the New York Stock Exchange on Wednesday. The firm went public at $6.26 — just one cent above the bottom of its pricing range — meani… ✔ That makes it cheaper than Tesla vehicles in China but it has only just got to making money ✔ Byton, which raised $500 million from investors in June, is one of a number of competitors to Nio which also include BYD a startup backed by Warren Buffet’s Berkshire Hathaway  Youxia, MW Motor and others


European stocks advance as central banks grab the spotlight

9/13/2018, 9:25:32 AM
Europe’s main stock gauge rose modestly Thursday, adding to its weekly gain as traders waited for moves by three central banks. ✔ Don’t miss: 5 things about a U.S.-China trade war that might surprise investors In addition, European markets have been sensitive to Brexit-related news ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment


Major U.S. trade groups link up in anti-tariff coalition

9/13/2018, 10:10:12 AM
More than 80 have joined with farmers for an all-out push ahead of the midterms as Trump considers more tariffs ✔ The White House is pushing tariffs as a powerful negotiating tool for winning what it says are better trade deals for all Americans ✔ Every day, companies large and small are sharing their stories of the harm the tariffs and ensuing retaliation are causing across all sectors of the American economy


Malaysia hopes to recover 30% of missing 1MDB billions

9/13/2018, 9:59:59 AM
undefined ✔ Last week, Malaysia and Singapore agreed to postpone for two years a multibillion-dollar high-speed rail project to link the neighbours ✔ He argued that the US-China trade war was a bigger long-term risk to Malaysia than the emerging markets turbulence, even though US and Chinese manufacturers have shown a short-term uptick in interest in investing in the south-east Asian nation


ECB reaffirms plans to halt bond buying programme

9/13/2018, 11:56:48 AM
undefined ✔ The European Central Bank has gone ahead with plans to wind down its crisis-era stimulus, confirming that it will halve the amount of bonds it buys under its landmark quantitative easing programme from €30bn a month to €15bn from October until the end of the year ✔ The plans to halt its expansion come at a time when threats to the outlook are on the rise


Waning co-operation makes next crisis more difficult to tackle

9/13/2018, 9:26:22 AM
undefined ✔ Despite governments’ austerity policies, particularly in Europe, global debt now totals about $250tn, 75 per cent more than when Lehman failed ✔ They should invest more in public goods, services, and infrastructure, and in equipping citizens with the skills they need to cope with globalisation and rapid technological change


Chinese stocks, yuan relieved after US offers exit ramp from tariffs on $200 billion in goods

9/13/2018, 9:47:15 AM
China's stocks and currency have lifted up after it welcomed a US offer for talks before the Trump administration hits $200 billion worth of Chinese goods with tariffs. ✔ REUTERS/China Daily So far, the United States and China have hit $50 billion worth of each other's goods with tariffs in a dispute over U.S. demands that China make sweeping economic policy changes, including ending joint venture and technology transfer policies, rolling back industrial subsidy programs and better protecting American intellectual property


Analysis | For Donald Trump, it was a summer of tariffs and more tariffs. Here’s where things stand.

9/13/2018, 9:15:57 AM
The collateral damage across the U.S. economy raises new questions about Trump's trade policy. ✔ President Trump reacts during a rally in Lewis Center, Ohio, on Aug. 4 ✔ On July 6, the U.S. slapped levies on $16 billion of imports, followed by $34 billion more on August 23 ✔ Bown is a senior fellow at the Peterson Institute for International Economics in Washington


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