US/China trade war: beggar thy neighbour
9/18/2018, 2:22:54 PMundefined ✔ Trump supporters ordered far more flags, caps and other merchandise than fans of Hillary Clinton ✔ Yiwu may struggle to repeat its psephological coup following the Trump administration’s new round of tariffs ✔ China has not really twigged it is only one of two targets ✔ The cheap and cheerful wares of Yiwu’s traders are set to become even cheaper
Dollar steady as U.S., China escalate trade war
9/18/2018, 3:39:38 PMThe U.S. dollar was little changed on Tuesday, close to a three-week low against... ✔ Short-term it is a little bit of a positive, but longer-term there is a greater fear of material negative effects to the overall economy, he said ✔ Dutch bank ING estimates that 2.5 percent of world trade is now affected by the tariffs and it will reach 4 percent if Trump carries out threats to put levies on all of China’s exports to the United States ✔ Our Standards:The Thomson Reuters Trust Principles
Europe stocks limp along, dented by trade-war headlines
9/18/2018, 1:24:24 PMEuropean stocks were looking at a lackluster session for Tuesday, as trade tensions between the U.S. and China made it hard for markets to get a foothold on gains. ✔ The S&P 500 index is still up 8% year-to-date, while the Stoxx Europe 600 has lagged behind with a 2.8% decline in the same period ✔ Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid ✔ We Want to Hear from You Join the conversation Comment
FedEx CEO lashes out against tariffs and trade war
9/18/2018, 2:12:13 PMFred Smith, the chief executive of FedEx, said a trade spat with China will be bad for everyone. ✔ Revenue from US-China shipping accounts for only about 2% of total sales, and the tariffs will cut into only a small portion of that revenue ✔ In fact, several tech leaders, including Apple (AAPL) CEO Tim Cook and executives from Cisco (CSCO) and Dell (DVMT), have already expressed concerns to the administration and have warned that prices for US tech products may have to go up
What they're saying about the trade war at China's 'Davos'
9/18/2018, 1:16:28 PMAs the US government steps up its trade offensive, business leaders in China say that Beijing is ready to dig in for a war of attrition. ✔ He predicted the conflict could drag on for as long as 20 years ✔ JPMorgan Chase (JPM) wants to take advantage of China's efforts to open up its financial industry and recently applied to launch a brokerage in the country ✔ If they don't, the fallout will be felt around the world ✔ Economically, politicians seem not to have learned their lessons
Trade war escalates as China announces tariffs on US imports
9/18/2018, 3:24:41 PMBEIJING (AP) — The U.S.-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey an ✔ BEIJING (AP) The U.S.-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals ✔ In the first two rounds of tariffs, the Trump administration took care to try to spare American consumers from the direct impact of the import taxes
Malaysia shares retreat as trade war escalates, Singapore edges down
9/18/2018, 12:24:24 PMS&P flags 'ripple effects' in Asia amid Sino-American trade war ✔ In corporate news, Axiata Group fell 0.2% after its infrastructure unit edotco scrapped a plan to buy 13,000 telecommunication towers from Pakistan Mobile Communications, citing delays in securing regulatory approval ✔ Try 3 months for $9 Offer ends September 30th
The Latest: US markets shrug at US-China trade war
9/18/2018, 3:14:42 PMNEW YORK (AP) — The Latest on the U.S.-China trade war (all times local): 10:40 a.m. Wall Street, which has anticipated rising trade tensions between t ✔ NEW YORK (AP) The Latest on the U.S.-China trade war (all times local): 10:40 a.m. Wall Street, which has anticipated rising trade tensions between the U.S. and China, took the latest volley of tariffs in stride ✔ 16, 2018, photo, American flags are displayed together with Chinese flags on top of a trishaw in Beijing
Donald Trump's trade war could last 20 years warns China's richest man
9/18/2018, 1:23:00 PMAlibaba chairman Jack Ma said the dispute could go on far beyond Donald Trump's presidency ✔ Bob Woodward's explosive book Trump had warned on Monday that if China takes retaliatory action against U.S. farmers or industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports ✔ I think that kind of tactic is not going to work with China, Fang Xinghai, vice chairman of China's securities regulator, said at a conference in the port city of Tianjin
Stocks Markets in Asia and Europe Aren’t Afraid of Trump’s Trade War
9/18/2018, 1:21:26 PMGlobal stocks edged up Tuesday despite the Chinese commerce ministry’s threat of retaliation following President Donald Trump’s announcement Monday that he would impose new tariffs on about $200 billion in Chinese goods. ✔ A man walks past a display showing bank notes of different currencies in Hong Kong ✔ The impact of the new tariffs on foreign-exchange trading was limited, with the Chinese yuan 0.2% lower against the dollar ✔ The dollar won’t price the same thing over and over again
China-U.S. trade war will last for ‘maybe 20 years,’ says China’s best known CEO
9/18/2018, 2:47:27 PMChina’s most famous business executive said the trade tensions between his country and the U.S. will last far longer than the administration of President Donald Trump, even if he were to win a second term. ✔ Ma is planning to return to education he was a teacher before founding Alibaba out of his apartment in 1999 and to devote more time to philanthropy ✔ Read also: Alibaba’s Jack Ma to remain chairman for one more year Related: Alibaba’s Jack Ma says government should stick to governing Alibaba has since grown to become China’s biggest tech company, with a market capitalization of about $406 billion ✔ We Want to Hear from You Join the conversation Comment
Trump's tariffs were already unpopular before he fired his latest shot in the China trade war
9/18/2018, 2:04:16 PMAn ongoing and widening trade war poses political risks for Republicans as they try to stop Democrats from taking House and Senate majorities in November's midterms. ✔ Oliver Contreras | Bloomberg | Getty Images President Donald Trump listens during a meeting of the President's National Council for the American Worker in the Roosevelt Room of the White House in Washington, D.C., U.S., on Monday, Sept ✔ A quarter of registered voters nationally think raising tariffs will do more to protect American jobs and help the U.S. economy, according to an NBC News/Wall Street Journal poll in July
Trump warns China of ‘great and fast’ retaliation if Americans are targeted in ongoing trade war
9/18/2018, 1:40:47 PMPresident Trump took aim at China Tuesday, warning there will continue to be “great and fast economic retaliation against China” if Americans are targeted by unfair trading practices. ✔ They also know that I am the one that knows how to stop it ✔ The Trump administration is hoping the hard-line trade policies will pressure the Chinese into renegotiating trade deals with the U.S. We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly, Mr. Trump said in a statement Tuesday ✔ But, so far, China has been unwilling to change its practices
Alibaba founder Jack Ma says the US-China trade war is 'going to be a mess' and could last 20 years (BABA) | Markets Insider
9/18/2018, 12:51:23 PMundefined ✔ That means more than half of all goods coming into the US from China will be subject to the duties ✔ Now read: Traders are the most scared in 28 years that a sudden market meltdown will catch them off-guard Beverage giants like Heineken and Constellation Brands are duking it out in the billion-dollar market for marijuana-infused drinks Business Insider
Investors haven't been this scared about the state of the global economy in nearly 7 years
9/18/2018, 2:25:59 PMAs the trade war between China and the U.S. hits a boiling point, investors are taking their dimmest view of the global economy since the height of the European debt crisis. ✔ Gabriel Bouys | AFP | Getty Images As the trade war between China and the U.S. hits a boiling point, investors are taking their dimmest view of the global economy since the height of the European debt crisis ✔ The decoupling reference is about how the U.S. has managed to maintain economic growth levels above most of the developed world
Jack Ma, Chuck Robbins, and other tech leaders sound off on US-China trade tensions
9/18/2018, 3:19:11 PMPresident Donald Trump announced a new round of tariffs on Chinese goods Monday night. ✔ CEO Tim Cook attends China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse on March 24, 2018 in Beijing, China ✔ President Donald Trump announced a new round of tariffs on Chinese goods Monday night ✔ We need to get to a place on a global basis where we have fair, open trade, Robbins said
Oil prices crash as Trump’s tariffs on China spark fears demand for crude will plummet
9/18/2018, 2:25:45 PMOIL prices have dropped after President Donald Trump said he will impose 10 percent US tariffs on $200 billion worth of Chinese imports as relations between the largest two world economies continue to soar. ✔ Head of crude research at Guotai Junan Futures, Wang Xiao, said: The growing trade dispute has hurt trading sentiment ✔ The impact on economic growth is slowly dripping in, which again hurts oil prices ✔ Beijing was the world’s leading importer of oil in 2017 and imported around 8.4 million barrels of crude per day
Brussels plots world trade REFORM: 'EU must lead' over fears Trump could PULL OUT of WTO
9/18/2018, 2:11:25 PMBRUSSELS is plotting to reform the World Trade Organisation (WTO) following fears US President Donald Trump could pull out leaving the body in complete and utter turmoil. ✔ President Trump’s tough stance has prompted a flurry of diplomatic talks as WTO members try to work out how to respond ✔ There are also some fundamental divides that Trump has brought into the open, such as the power of WTO judges, which countries should qualify as developing economies deserving special treatment, and whether China trades fairly
Wall Street higher after latest tariff moves
9/18/2018, 2:53:18 PMU.S. stocks rose on Tuesday led by the technology and consumer sectors, as inves... ✔ Rather than going ahead with the full 25 percent, the administration will wait till end of the year this minimizes the overall impact, said Scott Brown, chief economist at Raymond James in St ✔ Viking Therapeutics (VKTX.O) shares more than doubled in value after its fatty liver treatment showed promising results in a mid-stage trial ✔ Our Standards:The Thomson Reuters Trust Principles
Oil rises 1 percent on signs OPEC not prepared to boost output
9/18/2018, 3:29:01 PMOil futures rose more than 1 percent on Tuesday on signs that OPEC would not be ... ✔ Oil futures also drew support from geopolitical risk on Tuesday ✔ Russia’s Ministry of Defence said that the Syrian military had accidentally shot down a Russian military plane over Syria, but said it blamed the incident on Israel, the RIA news agency reported ✔ The data is due to be released at 4:30 p.m. EDT (2030 GMT) while the government’s weekly report is due on Wednesday ✔ Our Standards:The Thomson Reuters Trust Principles
Investors load up on U.S. stocks while growing cautious about the rest of the world, survey shows
9/18/2018, 3:50:30 PMAcross the globe, investors are feeling both excited and cautious about stocks, as they bet Wall Street’s record-long bull market has more gas in the tank but also guard against an international picture that looks shaky. ✔ See: Trade war’s ‘nuclear option’ could be bad for Apple, Amazon: strategist Among other potential risks, 18% of those polled said that a slowdown in China’s economy was the biggest threat, up from about 15% in the previous survey, while quantitative tightening or less accommodative central-bank policy was the third-biggest threat
Donald Trump's reliance on Chinese restraint is risky
9/18/2018, 12:04:14 PMIt cannot be assumed Xi Jinping will remain content to play role of ‘adult in the room’ in dealings with US president ✔ Although Beijing shares this long-term aim, Xi has the economic leverage and the personal clout – he has met Kim Jong-un, North Korea’s dictator, three times this year – to thwart Trump by complicating or delaying the process, should he decide to do so
More Tariffs? No Sweat. Stocks Edge Higher
9/18/2018, 1:21:25 PMStocks were in the black in early trading, even though Washington unveiled the largest round of tariffs yet, and Beijing said it would react in kind. ✔ Trade is once again on everyone’s mind, and was the major cause of Monday’s decline, as China threatened to pull out of talks if the U.S. went ahead with its latest hardline push ✔ For now, markets appear content to view the ongoing escalation as a tough negotiation tactic, and remain focused inward, where there’s better news to be found
China vows retaliation, but Wilbur Ross says they’re ‘out of bullets’
9/18/2018, 1:40:45 PMChina is forced to retaliate against President Trump’s new tariffs, the country’s Commerce Ministry said in a statement Tuesday. ✔ SEE ALSO: Trump warns China of ‘great and fast’ retaliation if Americans are targeted in ongoing trade war U.S. Commerce Secretary Wilbur Ross responded to China’s retaliation threat by saying they are out of bullets because the country imports about four times fewer U.S. goods than the U.S. imports in Chinese goods
China retaliates with $60 billion in tariffs, as trade spat with U.S. intensifies
9/18/2018, 2:04:37 PMThe announcement comes after President Trump announced he will impose tariffs on $200 billion more Chinese goods ✔ Mr. Trump said that if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports ✔ These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy
Analysis | The Finance 202: Trump's tariffs on Chinese imports are about to get personal
9/18/2018, 12:38:17 PMConsumer goods are being targeted. ✔ Kudlow: U.S. is crushing it: CNBC's Jeff Cox: The U.S. economy is leading the rest of the world by returning to a basic approach of cutting taxes and letting businesses know that government is back on their side, top Trump economic aide Larry Kudlow said Monday
United Continental Dips on Valuation Doubts
9/18/2018, 2:41:13 PMUnited Continental Holdings has been the best-performing major U.S. airline by a long shot, but the shares now looked priced to perfection, argues Macquarie. ✔ Yet that outperformance gives Macquarie’s Susan Donofrio pause: On Tuesday, she downgraded the shares to Neutral from Outperform, while maintaining a $95 price target ✔ Make the Connection Some analysts see better times ahead for other legacy carriers
China sets tariff on U.S. LNG just as exports ramp up
9/18/2018, 2:52:54 PMChina has set a 10 percent tariff on imports of U.S. liquefied natural gas just ... ✔ For U.S. companies developing LNG export terminals such as Cheniere Energy, Sempra and Kinder Morgan, the tariff casts doubt over their projects’ final investment decisions (FIDs), which trigger construction of facilities ✔ Our Standards:The Thomson Reuters Trust Principles
EU lays out WTO reform ideas to keep U.S. on board
9/18/2018, 2:24:16 PMThe European Commission published its ideas on Tuesday for reforming the World T... ✔ Washington has blocked appointments to the appeals chamber that settles disputes ✔ By the end of September, the normally seven-strong chamber will have only three judges, the number required to hear each appeal ✔ Our Standards:The Thomson Reuters Trust Principles
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Ford’s first fully self-driving car is probably going to look a lot like an SUV
9/18/2018, 3:00:54 PMThe CEO of Ford’s newest spinoff sits down for an interview ✔ (Besides, the auto industry is largely favoring SUVs and trucks, thanks to a boom in sales in those categories.) That news was shortly followed by the announcement that Ford will actually just sell one sedan the Mustang in the US in the future, thanks to the financial effects of President Donald Trump’s trade war with China, which is where the company’s other remaining sedan (the Focus) is being made
Shorting cannabis stocks is getting costly
9/18/2018, 2:53:42 PMInvestors betting against the stocks of marijuana companies have lost $626 million since the start of August, according to The New York Times. ✔ James MacDonald | Bloomberg | Getty Images An employee checks nearly matured medical marijuana plants in a climate controlled growing room at the Tweed Inc ✔ Deregulation and interest from some of the biggest beverage companies in the world ✔ The industry's skeptics haven't given up in the face of this run-up
Asian stocks rise despite escalating Sino-American trade spat
9/18/2018, 12:11:28 PMTaiwan-listed Apple suppliers slide as US threatens tariffs on all Chinese imports ✔ The gauge slipped as much as 0.6% earlier in the day ✔ Apple suppliers listed in Taiwan declined although smart watches, such as those made by the company, were excluded from the final list of goods on which the levies would be applied ✔ Try 3 months for $9 Offer ends September 30th
Why Chinese stocks have shrugged off Trump’s tariffs
9/18/2018, 12:12:42 PMundefined ✔ The greater clarity provided by the latest announcement gives investors an incentive to buy favoured stocks ✔ It’s falling short of expectations, I think markets were too pessimistic, Mr Luk added ✔ The renminbi was 0.14 per cent weaker on Tuesday at 6.8668 against the dollar
Stormy Daniels makes bizarre claims about Donald Trump’s penis
9/18/2018, 3:45:51 PMWARNING GRAPHIC CONTENT The adult actress describes sex with Trump as the ‘least impressive’ she’s ever had ✔ However she added that she would have to wait ‘until she is of a certain age’ before allowing her to read it ✔ I’m gonna write everything and include it and people can think what they want about me but at least it’s the truth – it’s not like that they haven’t been thinking that about me anyway ✔ It follows a a number of books that have revealed details about alleged chaos and in-fighting inside the Trump administration
BREXIT BOOST: UK-US deal can ‘REWRITE GLOBAL TRADE’ - May urged to ‘bring down barriers’
9/18/2018, 1:31:48 PMBREXIT Britain will have a bright future if Theresa May strikes a UK-US tariffs-free trade deal to “rewrite the rules” of global commerce, a new report has claimed. ✔ The authors also agree the protectionist America first and Buy America policies favoured by US President Donald Trump could pose a problem to their proposed trade agreement ✔ However, the report said, such policies are clearly bad for those adopting them ✔ There’s no conspiracy here, it was just a general conversation
Investors raise cash buffers as gloom gathers over global economy:...
9/18/2018, 12:35:56 PMInvestors cut equity exposure this month as they grew more wary that economic gr... ✔ Investors’ outlook for U.S. corporate profits was at its most favorable in the survey’s history, with the biggest divergence with emerging market profits since January 2014 ✔ Nearly half of investors (48 percent) thought the current decoupling would end, however, due to U.S. growth slowing, while 24 percent saw it continuing ✔ Our Standards:The Thomson Reuters Trust Principles
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How Trump’s tariffs will hurt US tech companies
9/18/2018, 1:10:23 PMThe tariffs "could result in serious damage to Dell and its employees" ✔ Historically, protectionist countries have taken this into account by putting higher tariffs on producers of final goods to offset the impact of tariffs on intermediate products ✔ In order to safeguard our legitimate rights and interests and the global free trade order, the country’s commerce minister said in a statement, China will have to take countermeasures
Perspective | It’s a great day for restricting access to America, and a horrible day for the future of America
9/18/2018, 12:25:39 PMThe Trump administration closes America off to the world, part LXVII. ✔ Drezner is a professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University and a regular contributor to PostEverything ✔ It is the international political economy version of watching the end of Reservoir Dogs ✔ The best that Commerce Secretary Wilbur Ross could say about the tariffs is that, Because [price increases will be] spread across thousands and thousands of products, nobody is going to actually notice it at the end of the day
Chinese Officials Scramble to Respond to Trump’s New Tariffs
9/18/2018, 1:05:40 PMNew U.S. tariffs on China’s exports escalated the countries’ trade fight, with Chinese officials scrambling on how to retaliate and whether to accept Washington’s offer for more negotiations. ✔ Strategically, I think they should have a plan B, said Carlo Diego D’Andrea, chairman of the manufacturing-heavy Shanghai chapter of the European Chamber of Commerce in China ✔ Contrary to views in Washington, China canand willdig its heels in and we are not optimistic about the prospect for a resolution in the short term, William Zarit, a business consultant and chairman of the chamber, said Tuesday
Analysis | The Daily 202: Polarization poses problems for Kavanaugh as he prepares to testify in his defense
9/18/2018, 2:03:31 PMMany voters won’t give the Supreme Court nominee the benefit of the doubt, partly because they loathe Trump. ✔ NPR’s Hansi Lo Wang reports: Earl Comstock a key Commerce Department official on census-related issues first approached Justice Department officials in May 2017 ✔ #KeepingThemHonest https://t.co/j2HptrYpe0 pic.twitter.com/zwfvIXCsIY Anderson Cooper 360° (@AC360) September 18, 2018 And an Emmy winner shocked the audience when he proposed to his girlfriend while accepting his award:
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