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Trade War - SERIES 161 {14 articles}

Bailout checks begin arriving for farmers, as Trump’s trade war escalates

9/21/2018, 7:07:43 PM
✔ FILE- In this July 18, 2012, file photo, wheat harvest is in full swing near Patterson, Wash ✔ The federal government has also authorized USDA to buy $1.2 billion worth of food that it would then give to food pantries and child nutrition assistance programs across the country


The 26 products Walmart is worried could get hit the hardest by Trump's trade war with China

9/21/2018, 6:14:38 PM
Walmart warned President Donald Trump and his administration that the newest tariffs on $200 billion worth of Chinese goods could hurt their business and consumers. Walmart highlighted 27 products that will get hit hardest including furniture, cables, dog food, vacuum cleaners, and Christmas lights. ✔ The new set raised alarms for Walmart because many of the products on the list of goods possibly subject to the tariffs, which are taxes on imports, included consumer goods for the first time ✔ Here are all the items Walmart was concerned about that still made it to the final list, the most concerning items for the retailer are in bold, as they were in Walmart's letter: Mandarin oranges in cans Rawhide for pets Hair care Other bath prep Dog leashes, dog collars Cat leashes, pet costumes Hard luggage Luggage, tote bags, duffle bags, handbags Travel bags, handbags Handbags Backpacks Rolled wrapping paper Gas grills Make up mirrors Vacuum cleaners Toothbrush replacement heads Electric razors Air conditioners HDMI cables, video cables, extension cords, auxiliary cords Oil less fryers and toaster ovens Bicycles Futons Wooden Furniture Infant and child pack and play, patio furniture Mattresses Christmas Lights


Trump tariffs are good news for China's sellers of knockoff designer bags - Los Angeles Times

9/21/2018, 4:02:11 PM
When President Trump threatens China with more tariffs, Lulu thinks of her commission checks and smiles. commission checks and smiles. The counterfeit-handbag industry — already a big moneymaker — stands to reap another windfall from the U.S.-China trade war. ✔ That's good money in a country where workers on average earn $8,250 annually, according to World Bank data ✔ Instead, they led buyers to unmarked apartments down a nearby alley and showed them closets full of knockoff Gucci, Prada, Michael Kors and Louis Vuitton handbags also from Guangdong, the manufacturing hotbed in the south


Walmart Eyes Price Increases Because of Tariffs

9/21/2018, 5:36:46 PM
The discount giant says it must raise prices or sacrifice profits. ✔ Prior to the potential disruption from trade war tariffs, Walmart’s business had been booming in 2018 ✔ NYSE: WMT 96.02 PRICE (USD) 0.27 (0.28%) DAILY CHANGE 52 Week Low 52 Week High 77.50 109.98 See full interactive chart for WMT » Data as of 11:26 am on 9/21/2018


European stock index scores best winning streak in two decades

9/21/2018, 5:10:31 PM
de war further lifted European shares on Friday, with trade-sensitive sectors li... ✔ Miners rose 1.3 percent, leading sectoral gainers on Friday, after copper rallied as investors calculated that the U.S.-China trade dispute could cause less damage than feared ✔ Autos rose 1.9 percent at one point before succumbing to some profit-taking to end up 0.3 percent ✔ Our Standards:The Thomson Reuters Trust Principles


Metals prices soar as trade fears ease

9/21/2018, 4:56:02 PM
undefined ✔ The dollar is strong because the US economy is stronger than expected, not because the Fed is over-tightening said Goldman ✔ This week has seen China’s Politburo promote measures to support consumption announcing tax cuts and plans to boost infrastructure spend, said Alastair Munro of Marex Spectron


Receding trade fears propel stocks to six-month peak

9/21/2018, 4:01:06 PM
The U.S. dollar rebounded and world shares hit a more than six-month high on Fri... ✔ U.S. capital markets are exuberant, with stock valuations high at 21 times trailing earnings and struggling economies around the world a risk for U.S. stocks, said Michael Geraghty, equity strategist at Cornerstone Capital Group in New York ✔ Our Standards:The Thomson Reuters Trust Principles


India battles rupee selloff by easing foreign borrowing

9/21/2018, 4:50:10 PM
Asia's worst-performing currency poses political headache for Modi ✔ The Indian National Congress, the country's main opposition party, led a nationwide protest against the government last week over these issues ✔ Modi convened a high-level meeting last week to review the state of the economy with Jaitley, RBI Gov ✔ Try 3 months for $9 Offer ends September 30th


Walmart warning it'll raise prices as Trump's China tariffs kick in

9/21/2018, 4:15:46 PM
Largest retailer in U.S. predicts cost spikes for everything from Christmas lights and bicycles to food and makeup ✔ Furthermore, none of these items are related to intellectual property or trade secrets and it is difficult to see how taxing these goods will resolve these more complex trade challenges ✔ CBS MoneyWatch contributor Aimee Picchi contributed to this report


Why you may want to buy a few extra toys this holiday season

9/21/2018, 6:50:58 PM
Toy prices will likely rise as a result of tariffs on Chinese goods. ✔ This holiday season, parents may want to throw a few extra toys in their carts ✔ And even though prices are set for this holiday season, higher costs could get passed onto consumers, Mond added ✔ It will depend on the company and how they can absorb these costs, she said ✔ We Want to Hear from You Join the conversation Comment


With its last easy decision, Fed will try to avoid adding fuel to the fire

9/21/2018, 5:02:36 PM
The Federal Reserve is widely seen as hiking interest rates again but after that things get more dicey. ✔ Bloomberg News/Landov Fed Chairman Jerome Powell after his speech in Jackson Hole last month ✔ Powell may use his press conference to signal a December rate hike, economists said ✔ Investor expectations of a December move has risen recently, along with the 10-year Treasury yield ✔ We Want to Hear from You Join the conversation Comment


Walmart letter warns tariffs will raise prices and tax American businesses

9/21/2018, 6:17:28 PM
Walmart Inc. has sent a letter to U.S. Trade Ambassador Robert Lighthizer warning that proposed tariffs on $200 billion on Chinese goods would hurt consumers and American businesses. ✔ The retailer also says that it serves as an exporter of many goods through channels like Walmart China ✔ We cannot afford further escalation, especially with the holiday shopping season right around the corner ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ We Want to Hear from You Join the conversation Comment


Small U.S. businesses say Trump's new tariffs will make it harder for them to compete - Los Angeles Times

9/21/2018, 4:35:55 PM
Small businesses said they are bracing for the latest round of tariffs on imports from China, which could cut into already thin profits and leave them with little choice but to pass additional costs along to customers beginning this holiday season. ✔ And if he doesn't pass on that increase to shoppers, he says he'll lose money on each item he sells ✔ Everything I sell has steel in it, so prices have already gone up substantially, he said ✔ She said that she is looking into finding new suppliers that aren't based in China, but that the process could take months or years


A high-stakes game of chicken over the Supreme Court - Los Angeles Times

9/21/2018, 4:20:08 PM
As the Supreme Court nomination of Brett Kavanaugh hung in the balance, senators from both parties engaged in an extensive game of chicken this week on the issue of whether and when the public might hear from Christine Blasey Ford, the woman who has accused him of a sexual assault years ago. ✔ At least six Republican-held seats are in play in California, the most of any state ✔ Until next time, keep track of all the developments in national politics and the Trump administration with our Essential Washington blog, at our Politics page and on Twitter @latimespolitics


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