The Latest: Sec. Ross: Americans won't feel trade-war sting
9/18/2018, 4:14:37 PMNEW YORK (AP) — The Latest on the U.S.-China trade war (all times local): 11:55 a.m. U.S. Commerce Secretary Wilbur Ross is downplaying the economic im ✔ NEW YORK (AP) The Latest on the U.S.-China trade war (all times local): 11:55 a.m. U.S. Commerce Secretary Wilbur Ross is downplaying the economic impact of the US-China trade war on consumers ✔ The American Chamber of Commerce in China says Beijing will dig its heels in after U.S. tariff hikes and appealed for a negotiated end to their trade battle
Alibaba's Jack Ma warns trade war could last 2 decades
9/18/2018, 5:38:18 PMTech billionaire confident about Chinese economy's ability to ride out wrenching period ✔ But looking ahead three to five years, he voiced confidence in China's ability to adapt its economy to the new reality ✔ He did not forget to praise the Belt and Road Initiative, President Xi Jinping's pet infrastructure project, and its prospect of enabling China to diversify its trading partners ✔ Try 3 months for $9 Offer ends September 30th
US-China trade WAR will hit Germany NEXT - shock warning
9/18/2018, 5:25:43 PMGERMAN companies will bear the brunt of US imposed tariffs on Chinese goods, causing serious losses to Berlin businesses who trade with the Asian superpower, the Federal Association of German Industry revealed today. ✔ Washington has ramped up its trade war against China, firing its biggest wave of tariffs against Beijing ✔ The ministry added: We hope that the US could recognise the possible negative consequences of such actions and take convincing measures to rectify them in a timely manner
China strikes back at US as trade war creeps closer to consumers
9/18/2018, 5:51:00 PMBeijing to impose 5%-10% tariffs on $60bn of American goods ✔ The Trump administration said Monday that a 10% levy on 5,745 Chinese goods worth $200 billion will take effect next Monday ✔ The rate will be raised to 25% on Jan. 1, assuming no agreement between the governments ✔ Try 3 months for $9 Offer ends September 30th
Wall Street's Jim Paulsen: Market could soon stop shrugging off Trump trade war
9/18/2018, 7:07:27 PMThere's a perfectly reasonable explanation why the market isn't tanking on President Donald Trump's trade war rhetoric — but that could change, says Jim Paulsen of The Leuthold Group. ✔ Trump announced Monday the latest American tariffs on Chinese goods ✔ There's no way the president can continue a trade war if the U.S. growth slows back into the 2s somewhere ✔ He would become more aggressive if there was a 10 or 15 percent correction, as long as he still thought a recession was a way off
'Trump’s trade war with China will affect all of us – this is how'
9/18/2018, 7:32:52 PMThe idea that one can limit the domestic economic impact of tariffs by carving out exemptions for certain popular or sensitive products is naïve in the extreme
Trade war with China may limit Fed’s interest-rate hike plans after September increase
9/18/2018, 4:52:26 PMPresident Trump’s decision to impose $200 billion in tariffs on $200 billion of Chinese products won’t deter the Fed from hiking next week. After that, there is a range of opinions. ✔ I don’t think [the new trade tariffs] stop the Fed from continuing to tighten, said Jim O’Sullivan, chief U.S. economist at High Frequency Economics ✔ Greg Robb Greg Robb is a senior reporter for MarketWatch in Washington ✔ We Want to Hear from You Join the conversation Comment
Trump's trade war with China 'could last 20 YEARS' warns China's second-richest man
9/18/2018, 5:54:12 PMTHE escalating trade war between the United States and China, which yesterday saw President Donald Trump unveil a fresh tariff package totalling more than £150billion ($200billion), could last another 20 years, Jack Ma, China’s second-richest man and the founder of the Alibaba multinational conglomerate has said. ✔ Mr Ma confirmed his company would not be immune from the rising tensions, given its wholesale business allows American merchants to source products from China ✔ Speaking to reporters during a visit with Poland's president, Mr Trump said the US may make a deal at some point with China and added his country is always open to talking
China to penalize $60 billion of U.S. imports in tit-for-tat move
9/18/2018, 4:53:49 PMChina and the United States plunged deeper into a trade war on Tuesday after Bei... ✔ 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 ✔ FILE PHOTO: Shipping containers, including one labelled China Shipping, are stacked at the Paul W ✔ Our Standards:The Thomson Reuters Trust Principles
New China tariff list creates risk of 'downward cycle' for US auto industry
9/18/2018, 5:25:19 PMMore than 100 items that go into vehicles face 10 percent tariffs as President Donald Trump escalates his trade war with China. ✔ President Donald Trump arrives to speak at the American Center of Mobility, Wednesday, March 15, 2017, in Ypsilanti Township ✔ General Motors declined to respond to request for comment ✔ Total U.S. employment losses of nearly 714,700, and GDP losses of $59.2 billion
More Investors Are Bearish on Global Growth, but Bullish on the U.S.
9/18/2018, 4:23:51 PMStocks gained despite concerns over the trade war and other global economic issues. A survey suggests investors believe the U.S. market could keep rising. ✔ The Dow Jones Industrial Average rose 117.57 points, or 0.5%, to 26179.69, while the S&P 500 gained 13.85 points, or 0.5%, to 2902.65, and the Nasdaq Composite was up 77.63 points, or 1.0%, to 7973.43 ✔ That’s the highest share, marking the gloomiest outlook, since December 2011
What trade fears? U.S. stock investors are extremely calm
9/18/2018, 5:08:57 PMVolatility in the U.S. stock market is extremely low, despite such potential risks as a trade war, an emerging-market meltdown, and central banks becoming less accommodative. ✔ According to the WSJ Market Data Group, the absolute daily percentage change for the Dow Jones Industrial Average DJIA, +0.63% was 0.31% in 2017 ✔ Ryan Vlastelica Ryan Vlastelica is a markets reporter for MarketWatch and is based in New York ✔ We Want to Hear from You Join the conversation Comment
The Latest: Trump sees 25 pct. tax on $267B in Chinese goods
9/18/2018, 6:08:14 PMNEW YORK (AP) — The Latest on the U.S.-China trade war (all times local): 1:58 p.m. President Donald Trump says he's prepared to impose a 25 percent ta ✔ NEW YORK (AP) The Latest on the U.S.-China trade war (all times local): 1:58 p.m. President Donald Trump says he's prepared to impose a 25 percent tax on an additional $267 billion in Chinese imports ✔ 18 warned a downward spiral appears certain after President Donald Trump approved a tariff hike on $200 billion of Chinese imports in a dispute over Beijing's technology policy
US-China tariffs: What's behind them, who stands to be hurt?
9/18/2018, 4:11:06 PMBy imposing tariffs on $200 billion more in Chinese goods starting next week, President Donald Trump has intensified his trade war with Beijing and triggered the likelihood of price increases for many American companies and consumers. ✔ U.S. manufacturers are having to pay more for parts and equipment, thereby putting them at a competitive disadvantage to foreign rivals ✔ ___ ISN'T THE U.S. ALSO SPARRING WITH OTHER TRADING PARTNERS ✔ Follow Paul Wiseman on Twitter at https://twitter.com/PaulWisemanAP
These 14 states could see 'extremely significant damage' from Trump's trade wars | Markets Insider
9/18/2018, 5:46:24 PMundefined ✔ The move was part of a broader effort by the Trump administration, which has also imposed duties on Canada, Mexico, and the European Union, to reform trade practices perceived as unfair ✔ But many economists and public officials warn import taxes will cause financial strain for American companies and consumers, pushing up costs and reducing access to foreign markets
How the tariffs on China mean higher prices for American shoppers
9/18/2018, 5:03:15 PMA battle over tariffs could mean higher prices for American shoppers soon. ✔ In tweets, the president has argued that pushing trading partners will result in new deals that are more favorable to the U.S. Donald Trump tweet In the meantime, U.S. companies must attempt to absorb the higher costs on imported goods, which could translate into higher prices at the register around the holiday season, according to Michael Salerno, lead director of global banking at First National Bank of Omaha
Investors are starting to worry about the economy
9/18/2018, 6:13:57 PMOne in four professional investors are bracing for global growth to slow in the next year, according to a Bank of America Merrill Lynch survey. ✔ The VIX (VIX) volatility index, a measure of market turbulence, declined 7% to a very quiet level of 13 ✔ Alibaba (BABA) founder Jack Ma warned the US-China trade war could last for 20 years ✔ It's going to last long, it's going to be a mess, Ma said on Tuesday
Foxconn lists second unit in mainland China as trade row deepens
9/18/2018, 6:23:16 PMApple supplier Avary raises $540m in strong IPO ✔ The IPO funds will be used to raise production capacity in Jiangsu Province and elsewhere ✔ Foxconn owns 80.91% of Avary through Taiwan-based affiliate Zhen Ding Technology Holding ✔ Foxconn also raised 27.1 billion yuan in June by debuting core subsidiary Foxconn Industrial Internet, an assembler of iPhones, in Shanghai ✔ Try 3 months for $9 Offer ends September 30th
Trump trade officials play down tariff concerns ahead of midterms
9/18/2018, 5:32:09 PMundefined ✔ Tom Donohue, president of the US Chamber of Commerce, said the US had serious issues to resolve with China on market access, unfair subsidies, technology theft, and cyber security, but he expressed dismay that the administration did not heed warnings from businesses about rising costs and lost jobs
Donald Trump's new China tariffs will ultimately hurt Americans: Today's talker
9/18/2018, 6:41:06 PMChina vowed Tuesday that it would retaliate when President Donald Trump’s new tariffs on $200 billion in Chinese imports take effect. ✔ Jacob Noel Goodman is a farmer of corn, soybean and wheat at Walt Goodman Farms, Inc ✔ That’s true for the consumers whose wages are barely keeping up with inflation, and who don’t have the spare change lying around to cover a 10- or 25 percent price hike if Trump’s tariffs get tacked on to the cost of presents they plan to stash under the tree
S&P 500 eyes biggest advance in three weeks
9/18/2018, 5:38:57 PMundefined ✔ Wall Street was eyeing its biggest one-day gain in three weeks as technology stocks bounced back on Tuesday from declines in the previous session ✔ The gains come as the US’s trade war with China steps up a notch, with Beijing retaliating against Washington’s move to place new tariffs on a further $200bn of Chinese imports
Oil gains 1 percent on signs OPEC not prepared to boost output
9/18/2018, 7:39:45 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 has told Israel it will take all necessary measures to protect its military personnel in Syria, the Foreign Ministry in Moscow said ✔ 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
Optimism over US corporate profits hits record
9/18/2018, 4:28:55 PMFund managers say the U.S. is the best region for corporate profits. ✔ Does Trump deserve all the credit for the strong economy ✔ Trump 2020 campaign senior advisor Katrina Pierson, The Daily Caller editorial director Vince Coglianese, former Press Secretary for Congress Rochelle Ritchie and Washington Times columnist Tammy Bruce on the surge of small business optimism, the increase in job openings and whether President Trump deserves all the credit for the U.S.’s economic growth ✔ Twenty-four percent of fund managers surveyed expect global growth to slow in the next year – compared to the 7 percent in August
White House hawks ratchet up trade hostilities with China
9/18/2018, 6:53:42 PMundefined ✔ President Donald Trump’s preference for aggressively confronting China on trade had been apparent ever since the collapse of high-level talks between Washington and Beijing in May ✔ Many in the Trump administration, starting with the president, see tariffs as the best tool to force concessions from a trading partner, particularly in a strong economy with low unemployment and booming equity markets, as the US is today
Trump’s tariffs won’t bite Apple, illustrating Tim Cook’s political sway
9/18/2018, 5:58:28 PMApple CEO Tim Cook has come to occupy a prominent role as one of Silicon Valley's savviest political operators -- a behind-the-scenes Trump whisperer who's been able to shape some of the administration's economic policies in ways that benefit Apple and some of its tech peers. ✔ The glass comes from Kentucky, there are chips that come from the United States and of course the research and development is all done in the United States ✔ Clearly Tim Cook has been effective in his developing a relationship with the current administration, and this is probably one of the best examples of the fruits of that labor
Soy posts 10-year low on huge US crop and China trade woes
9/18/2018, 7:53:57 PMPrices sag as Beijing added $60bn of American goods to its import tariff list ✔ The (weakness in) beans especially is all about tariffs .. ✔ Meantime, we've got generally very solid yields, said Jack Scoville, analyst with the Price Futures Group in Chicago ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
China hits back at latest US tariffs with measures worth $60bn
9/18/2018, 4:06:19 PMTit-for-tat measures are the latest escalation in an ongoing trade row between the world's two largest economies. ✔ So far, the US has imposed tariffs on $50bn worth of Chinese products to pressure China to make sweeping changes to its trade, technology transfer, and hi-tech industrial subsidy policies ✔ Inside Story Will Donald Trump's tariffs decision trigger global trade war
China LNG tariff casts shadow over new U.S. export terminals
9/18/2018, 7:32:52 PMChina set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, exten... ✔ The country has taken delivery from just four vessels since June versus 17 during the first five months of the year ✔ The tariff’s extension to an energy commodity much in demand in China was a worrisome sign for trade relations and for billions of dollars in proposed U.S. terminals, said trade group executives ✔ Our Standards:The Thomson Reuters Trust Principles
Dow Climbs 150 Points as Investors Look Away From China and U.S’s Game of Chicken
9/18/2018, 5:37:16 PMStocks have been running in place for most of the month. Will they break out or break down? ✔ Tax cuts delayed a massive slowdown in earnings growth, says Ed Clissold , chief U.S. strategist at Ned Davis Research Group , but the lack of improvement in pre-tax margins suggests that companies are already struggling to offset slightly higher wages, materials costs, and interest expenses
Fact check: Is Trump right that China is paying billions in tariffs?
9/18/2018, 4:56:38 PMPresident Trump says China is paying "billions," but importers pay the tax -- and pass the costs to U.S. consumers ✔ Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been almost unnoticeable ✔ It's hard to know at this stage how the tariffs have influenced the pace of job creation, since any analysis would need to consider the whole of the nine-year expansion and the stimulus from Trump's deficit-funded tax cut
Micron earnings: After a quarter of debate, how bad has the memory market gotten?
9/18/2018, 6:52:34 PMMicron Technology Inc. will give investors a much better lay of the land of the memory chip market this week following a quarter of dueling narratives on whether chip prices would hold premium prices. ✔ Wall Street has forecast a 18% rise to $2.19 billion in sales of NAND chips, the flash memory chips that are used in USB drives and smaller devices such as digital cameras ✔ Wallace Witkowski Wallace Witkowski is a MarketWatch news editor in San Francisco ✔ We Want to Hear from You Join the conversation Comment
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