China blasts back in US trade war
9/19/2018, 2:39:03 AMTHE US and China yesterday ramped up their trade war after the imposition of tariffs on a new swathe of imports between the two nations. ✔ The world’s two largest economies had already applied tariffs to £38 billion of each other’s goods ✔ Meanwhile, a UK-US trade deal could rewrite the rules of global commerce, according to a new report ✔ It is a model for how trade liberalisation can and should work in the 21st century
Foxconn unit's mainland China IPO highlights trade war strategy
9/19/2018, 12:27:39 AMApple supplier Avary raises $540m as group woos both sides ✔ 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
Asia equities gain after Wall Street shrugs at trade war
9/19/2018, 2:13:28 AMundefined ✔ The moves came after technology and energy stocks rallied on Wall Street overnight as markets mostly shrugged off Beijing’s retaliation against the latest round of levies imposed by Washington on Chinese goods a day earlier ✔ JPMorgan Asset Management strategist Hannah Anderson noted while there had been a relatively muted market reaction the impact of tariffs may show up in equity earnings in early 2019
Japan's central bank holds policy as trade war threatens growth
9/19/2018, 3:09:54 AMBank of Japan maintains cautious optimism on nation's economy ✔ Seven out of nine board members voted to maintain the BOJ's short-term interest rate at minus 0.1%, and long-term rates around 0% ✔ The BOJ also projected that the economy is likely to continue its moderate expansion ✔ Japan's easy money policy stands in contrast to its global peers ✔ Try 3 months for $9 Offer ends September 30th
Japan exports rise as U.S.-bound shipments grow amid trade war fears
9/19/2018, 1:29:54 AMJapan's export growth accelerated in August from the previous month as ship... ✔ Japan fears a bilateral deal could put it under pressure to open politically sensitive sectors such as agriculture ✔ Japan’s biggest automakers and components suppliers also worry they would be hit hard if Washington follows through on proposals to hike tariffs on autos and auto parts to 25 percent ✔ Our Standards:The Thomson Reuters Trust Principles
Asian firms' confidence sinks to near three-year low on trade war...
9/19/2018, 3:31:00 AMConfidence among Asian companies slumped to the weakest in almost three years in... ✔ relationship has also reduced investors’ risk appetite and exacerbated outflows from emerging markets, which have also been hit by rising U.S. interest rates and fear of contagion from financial crises in Turkey and Argentina ✔ (For a PDF of the survey, please click tmsnrt.rs/2D6RkES) (For a graphic on 'Business sentiment index' click tmsnrt.rs/2G9OZJs) (For a graphic on 'Biggest perceived risks' click tmsnrt.rs/2G77AGg) Our Standards:The Thomson Reuters Trust Principles
China will use trade war with U.S. to replace imports: state media
9/19/2018, 1:03:14 AMChina is not afraid of "extreme measures" the United States is taking ... ✔ The United States has so far imposed tariffs on $50 billion worth of Chinese products to pressure China to make sweeping changes to its trade, technology transfer and high-tech industrial subsidy policies ✔ Our Standards:The Thomson Reuters Trust Principles
Trump threatens 25% duty on rest of goods after China retaliates
9/19/2018, 3:27:23 AMTrade war creeps closer to consumers as more products are hit ✔ The tariffs announced on Monday, however, targets goods that American consumers buy directly, such as furniture, electronics and bags ✔ Consumer goods now account for 20% of the tariff list by value, up from the 1% in previous rounds ✔ Try 3 months for $9 Offer ends September 30th
'There is no solution': China's richest man warns to prepare for a 20-year trade war with US
9/19/2018, 1:33:25 AMChina's richest man warns the trade war with the US will last longer and have a bigger impact than most people think. ✔ Photo: Bloomberg China's richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world's two strongest economic powers battle for global supremacy ✔ But he also said the trauma will offer unprecedented opportunities for companies that can take advantage of them
Japanese yen at a two-month low as markets ponder US tariffs
9/19/2018, 3:17:17 AMThe Japanese currency fell against the dollar as financial markets took an escalation of the U.S.-China trade war in their stride. ✔ On the central bank front in Asia, the Bank of Japan is widely expected keep its policy on hold when it concludes its two-day meeting later on Wednesday ✔ The EU's chief negotiator Michel Barnier said on Tuesday the European Union is ready to address key British concerns over Northern Ireland, in a clear push to get a Brexit deal effectively done in the next month
The Latest: China's premier appeals for global support
9/19/2018, 3:52:15 AMNEW YORK (AP) — The Latest on the U.S.-China trade war (all times local): ___ 11:30 p.m. China's No. 2 leader has appealed for global sup ✔ NEW YORK (AP) The Latest on the U.S.-China trade war (all times local): FILE- In this July, 5, 2018, file photo, a ship to shore crane prepares to load a 40-foot shipping container onto a container ship at the Port of Savannah in Savannah, Ga ✔ 18, that it will take counter-measures to U.S. President Donald Trump's decision to raise tariffs on $200 billion of Chinese imports and an American business group warned a downward spiral in their trade battle appears certain
Rising US-China trade tensions 'couldn't come at a worse time': Iowa agriculture secretary
9/19/2018, 1:52:59 AMAmerican farmers already have been impacted by retaliatory tariffs from the U.S.-China trade war and the ratcheting of tensions once gain is unfortunate and comes at a lousy time, according to Iowa Agriculture Secretary Mike Naig. ✔ Nicolas Asfouri | AFP | Getty Images China's President Xi Jinping shakes hands with U.S. President Donald Trump (L) during a business leaders event at the Great Hall of the People in Beijing on Nov. 9, 2017 ✔ Naig added, Farmers are encouraged by the tax reform
Gold prices inch up as dollar eases despite trade dispute
9/19/2018, 3:39:22 AMChina and the United States plunged deeper into a trade war after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump's planned levies on $200 billion worth of Chinese goods. ✔ The U.S. Senate voted overwhelmingly on Tuesday to pass a mammoth spending package including $675 billion for the Defense Department and a measure to keep the entire federal government open until Dec. 7, a step toward avoiding a Sept ✔ Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa's competition watchdog imposed conditions on the deal
China's Premier Li says unilateral trade actions will not resolve...
9/19/2018, 3:31:22 AMChina's Premier Li Keqiang said on Wednesday that multi-lateralism should b... ✔ China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods ✔ Our Standards:The Thomson Reuters Trust Principles
China pledges equal treatment for foreign investors
9/19/2018, 3:56:40 AMundefined ✔ Nearly half of all Chinese shipments to the US now fall under President Donald Trump’s tariff regime ✔ That gives better vitality to Chinese economy, he said, triggering prolonged applause from an audience that ranged from foreign high-tech equipment manufacturers to small businesses from provincial cities
Chinese stocks rebound despite tariff worries
9/19/2018, 3:56:42 AMundefined ✔ The moves came after Wall Street mostly shrugged off Beijing’s retaliation against the latest round of levies imposed by Washington on Chinese goods ✔ S&P Global analysts commented: Even if such a trade war doesn't materialise, the mere perception of the heightened risk of one could be sufficient to depress business and market confidence to an extent that it has a significant impact on the real economy
Asian stocks, U.S. Treasury yields climb as trade row fails to dent...
9/19/2018, 3:31:21 AMAsian stocks rose across the board and long-term U.S. Treasury yields hovered ne... ✔ But if it opts not to, we’ll have to brace for the trade conflict dragging on into 2019 ✔ U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to a new round of talks, but speculation has risen that Beijing would decline to attend in the fallout of Washington’s latest trade salvo ✔ Our Standards:The Thomson Reuters Trust Principles
Oil prices fall amid surprise growth in US crude stocks
9/19/2018, 3:49:37 AMU.S. crude inventories rose by 1.2 million barrels to 397.1 million in the week to Sept. 14, according to data released on Tuesday by the American Petroleum Institute (API). ✔ Increasing fuel stocks in the U.S. and strong crude runs could lead to a bigger premium for Brent versus WTI ✔ Beijing on Tuesday quickly added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump's planned levies on $200 billion worth of Chinese goods
Trump’s tariffs won’t bite Apple, illustrating Tim Cook’s political sway
9/19/2018, 1:11:57 AMApple 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 iPhone is assembled in China, but the parts come from everywhere, Cook told ABC on Tuesday in response to a question about the tariffs ✔ 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
Oil prices fall amid surprise growth in U.S. crude stocks
9/19/2018, 1:17:14 AMOil prices on Wednesday pulled back from gains racked up the previous day, pushe... ✔ Increasing fuel stocks in the U.S. and strong crude runs could lead to a bigger premium for Brent versus WTI ✔ Meanwhile, ministers from OPEC nations and non-OPEC producers are set to meet on Sunday to discuss compliance with output policies ✔ Our Standards:The Thomson Reuters Trust Principles
BOJ holds policy, sticks to modest economic growth view despite...
9/19/2018, 3:18:19 AMThe Bank of Japan kept monetary policy steady on Wednesday and maintained its vi... ✔ The meeting came ahead of a ruling party leadership race on Thursday, which Prime Minister Shinzo Abe looks set to win and put him on track to become Japan’s longest-serving premier ✔ While few analysts expect the BOJ to immediately dial back stimulus, politicians have sent signals that they are becoming more amenable to the idea of a future exit from easy policy ✔ Our Standards:The Thomson Reuters Trust Principles
Yen at two-month low as markets ponder U.S. tariffs, pound firm...
9/19/2018, 1:06:06 AMThe Japanese yen weakened to near-two-month lows against the dollar as financial... ✔ On the central bank front in Asia, the Bank of Japan is widely expected keep its policy on hold when it concludes its two-day meeting later on Wednesday ✔ Markets will be looking to BOJ Governor Haruhiko Kuroda’s post-meeting comments, with some expecting he may also warn about risks from U.S.-led protectionism ✔ Our Standards:The Thomson Reuters Trust Principles
China stocks slip as Japan leads gains for other Asia markets
9/19/2018, 3:02:48 AMundefined ✔ Wednesday 03:00 BST What you need to know Equities gain after Wall Street shrugs off deepening trade war US government bonds steady after sell-off EM currencies remain in focus Overview Asia-Pacific equities were mostly higher, led by a rally for Japanese stocks after a strong lead from Wall Street, though the mood in the Chinese market was less sanguine ✔ The Japanese yen was 0.1 per cent firmer at ¥112.29 against the dollar but hovering near its weakest level since July
Key role for China in global trade
9/19/2018, 2:07:28 AMChina will play a leading role in shaping a new framework for global cooperation to maintain open markets and facilitate globalization, Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), said in Tianjin on Tuesday. ✔ An integrated global system is the foundation of economic development, and more globalization is needed, said Schwab, although it is now in a difficult phase ✔ To ensure both efficacy and legitimacy, they must be both co-designed and co-created, he added ✔ This is the reason why we need rules-based globalization
ZTE, Chinese cellphone company, targeted by senators ZERO act
9/19/2018, 1:29:54 AMPresident Trump on Tuesday got tough on China with tariffs, but a bipartisan group of senators want to get tougher, pushing legislation to crack down on Chinese cellphone giant ZTE. ✔ President Trump on Tuesday got tough on China with tariffs, but a bipartisan group of senators want to get tougher, pushing legislation to crack down on Chinese cellphone giant ZTE ✔ The Pentagon banned ZTE phones on military bases because of the risk of Chinese spying through the phones
Experts call for free trade alliance
9/19/2018, 2:07:29 AMLeading Chinese think tank experts have asked Beijing and Brussels to forge an alliance to defend multilateralism and globalization as the United States escalates trade tensions with China. ✔ A railway employee supervises a freight train from Europe to China under the China Sino Euro Cargo Railway program ✔ Wolff added that there are some worries about US President Donald Trump's announcements about trade ✔ We are both engaged in world stability and openness
Opinion | Texas creates the perfect curriculum for the Trump age
9/19/2018, 12:21:01 AMThe Texas school board tells us what’s important, and what’s not, about our country and values. ✔ By Dana Milbank Dana Milbank Op-ed columnist covering national politics Email Bio Follow Columnist September 18 at 7:11 PM I tip my 10-gallon hat to the Texas school board, which just voted to streamline the public-school curriculum in a way that will surely Make America Great Again ✔ As The Post’s Damian Paletta and Erica Werner observed, the last time unemployment was at the current 3.9 percent, in 2000, the government ran a surplus
Trump tariffs only a weak blow to China’s economy
9/19/2018, 3:17:50 AMChina is fully prepared to win any kind of tariff war that Donald Trump can throw at it with some qu ✔ Of course, the rising role of China’s state-owned enterprises under President Xi Jinping can also be used as a counter against the tariffs, with Beijing able to adjust profit levels at will, keeping vast numbers of workers fully employed, while potentially devaluing the yuan by 10 percent as well
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