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Trade War - SERIES 171 {16 articles}

A peek inside Trump's chaotic trade war

9/24/2018, 9:52:03 PM
Just days before announcing the latest round of tariffs on Chinese imports, President Donald Trump caught sight of a distressing suggestion as he flipped through the morning papers. ✔ But negotiations between the United States and China stalled after Trump ordered new tariffs on $200 billion worth of Chinese goods last week ✔ Aides had determined the formal announcement should come after financial markets closed at 4 p.m. ET on Monday, a tactic long employed by White Houses to avoid stock plunges on the news unpopular with investors ✔ But instead of waiting until the closing bell, Trump told reporters at 2:30 p.m. an announcement was coming



Why Markets Should Expect a Long, Ugly U.S.-China Trade War

9/24/2018, 8:53:48 PM
U.S. investors have shrugged off fear of a China-U.S. trade war, but as tensions rise, investment economists and strategists are grappling with a new idea: The battle may not end any time soon. ✔ President Donald Trump is scheduled to address the United Nations General Assembly on Tuesday ✔ The Global X FTSE Southeast Asia ETF (ticker: ASEA) is down 3% so far this year, compared with a nearly 8% decline in the iShares MSCI Emerging Markets ETF index



From hammers to hair clippers: How Trump’s trade war with China affects you

9/24/2018, 8:11:58 PM
Retailers and manufacturers have a lot to say about the new tariffs on Chinese goods. ✔ The Trump administration enacted new tariffs on $200 billion worth of Chinese goods effective Monday ✔ Headwear is a luxury and discretionary purchase for our customers, he wrote ✔ The proposed tariffs will result in price increases that customers will not be willing to pay ✔ We Want to Hear from You Join the conversation Comment



US-China trade WAR: Beijing will soon RUN OUT of US goods to slap tariffs on

9/24/2018, 10:04:16 PM
CHINA will soon run out of US goods to slap taxes on, and officials fear Beijing will soon lash out at American businesses with delayed visa applications, licenses and other "qualitative" measures, in its on-going trade war with Washington. ✔ Speaking to Fox news on Sunday, he said: To the extent one wants to call this a trade war, we are determined to win it ✔ Trump’s remarks confirm his intention to continue escalating trade sanctions until China capitulates, and China has equally clearly signalled it has no intention of doing so



Dow ends 180 points lower, snaps 4-session streak, as renewed trade-war fears sink stock mark

9/24/2018, 8:30:19 PM
undefined ✔ The Dow DJIA, -0.68% fell about 180 points (on a preliminary basis) to 26,562, booking its first close without also logging an all-time high since Thursday ✔ RRS, +6.03% and Barrick Gold Corp. ABX, +5.44% said they planned on merging in an all-share deal that will create an $18.3 billion gold-mining giant



The mysterious Mr Wu and the growing threat to China's private companies

9/24/2018, 10:13:09 PM
To revive the economy and survive the trade war, Beijing must stop favoring state groups ✔ The best long-term strategy for China to address the likely fall of external demand resulting from the trade war is to strengthen its domestic economy, mainly by increasing demand and allocating resources more efficiently ✔ Try 3 months for $9 Offer ends September 30th



Trump's trade war with China shows no sign of slowing down, and it might be about to get even worse

9/24/2018, 10:08:14 PM
President Donald Trump's latest round of tariffs on $200 billion worth of Chinese goods indicates that the trade war with China isn't slowing down anytime soon. And given recent threats from both sides, the trade war is only likely to get worse. ✔ The news website Axios also reported Sunday that the Trump administration plans to begin a public-relations campaign attacking the Chinese on security issues ✔ Chris Krueger, a strategist at Cowen Washington Research Group, said Trump's lack of direction means the president is likely to fall back on his decades-long preference for trade protectionism further exacerbating the situation ✔ We are increasingly convinced that tariffs are not the means to the end, but the end



Fed is ready for third rate hike this year

9/24/2018, 9:25:51 PM
But as President Trump's trade war escalates, what's on tap for monetary policy next year is far less certain ✔ WASHINGTON - The Federal Reserve is set this week to raise interest rates for a third time this year to prevent the economy from growing too fast ✔ But Mark Zandi, chief economist at Moody's Analytics, said Brainard's suggestion doesn't seem all that surprising given the economic circumstances



US ruining 'big picture' of bilateral relations: China Daily editorial

9/24/2018, 10:52:13 PM
One can argue that the ongoing tit-for-tat between Beijing and Washington is not a trade war despite US tariffs on $200 billion worth of Chinese goods and Chinese tariffs on $60 billion of US products taking effect on Monday. ✔ When a trade conflict spills over into other aspects of bilateral ties, the consequences become hard to predict ✔ In such worrying circumstances, the US' hostile moves, if they continue, will further undermine relations between the two countries and militaries, as well as impair Sino-US strategic trust and cooperation on major regional and international issues



8@eight: Trade worries force markets into retreat

9/24/2018, 9:50:47 PM
What happened overnight and what's ahead for the ASX. ✔ A world of higher interest rates is being priced into markets at the moment, with US 10 Year Treasuries ticking up to 3.09 per cent again last night ✔ Market watch: SPI futures down 6 points or 0.1% to 6182 at 7.25am AEST AUD -0.5% to 72.54 US cents On Wall St: Dow -0.7% S&P 500 -0.4% Nasdaq +0.1% In New York, BHP -0.1% Rio -0.2% Atlassian +2% In Europe: Stoxx 50 -0.6% FTSE -0.4% CAC -0.3% DAX -0.6% Spot gold flat at $US1199.77 an ounce at 2.20pm New York time Brent crude +2.9% to $US81.11 a barrel US oil +1.9% to $US72.14 a barrel Iron ore flat at $US69.13 a tonne Dalian iron ore - closed for holiday LME aluminium -1.5% to $US2060 a tonne LME copper -0.2% to $US6353 a tonne 2-year yield: US 2.82% Australia 2.08% 5-year yield: US 2.97% Australia 2.27% 10-year yield: US 3.09% Australia 2.70% Germany 0.51% US-Australia 10-year yield gap as of 4.59pm New York time: 39 basis points This column was produced in commercial partnership between Fairfax Media and IG



Wall Street, European markets dip on report China calls off US trade talks

9/24/2018, 8:37:49 PM
Global stocks took small losses Monday after China reportedly pulled out of trade talks with the US. ✔ Wall Street recorded declines to start the week ✔ Oil prices jumped after OPEC decided not to produce more oil ✔ Technology and health care companies rose, leaving US indexes only slightly lower ✔ The market's been remarkably resilient over the last couple of months while trade tensions were heating up, said Terry Sandven, chief equity strategist at US Bank Wealth Management



Asia markets poised for lower open following US political uncertainty

9/24/2018, 11:50:45 PM
On Monday, reports surfaced that U.S. Deputy Attorney General Rod Rosenstein was on the verge of resigning or being fired. ✔ The moves stateside came on the back of reports that U.S. Deputy Attorney General Rod Rosenstein was on the verge of resigning or being fired ✔ The U.S. dollar index, which tracks the greenback against a basket of currencies, was at 94.185 as of 7:08 a.m. HK/SIN, off its earlier highs



Iowa economy could see $1.6bn hit from tariffs -study

9/24/2018, 8:02:45 PM
undefined ✔ Given Iowa’s strong rankings for many agricultural products, national patterns mimic state export patterns, wrote the authors of the study, led by John Crespi, an Iowa State professor ✔ Under one scenario, the state’s biggest industrial gainer would be primary metals manufacturing, which may see a $18m to $215m boost to revenues from increased trade protection



Dow Drops 181 Points as Trade Fears Rear Their Ugly Head…Again

9/24/2018, 9:38:33 PM
The market ignored tariff concerns last week. They matter again. ✔ Trade once again took center stage on Monday, sending the Dow Jones Industrial Average lower as investors worried about mounting tensions between the U.S. and China ✔ It may be hard to envision now, given the U.S.’s robust economic performance and confidence is riding high in both the business and consumer sectors



China and EU can jointly counter protectionism - Opinion

9/24/2018, 10:51:56 PM
undefined ✔ Song Chen / China Daily Wherever we look today, free trade is facing hard times ✔ On the latter, there are many examples of regional and international treaties whose hours are counted or the credibility has been compromised ✔ And on both sides, the potential of financial and commercial exchanges is a powerful driver of growth



Global stocks dip on report China calls off US trade talks

9/24/2018, 10:26:43 PM
NEW YORK (AP) — Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst dec ✔ Barrick Gold will buy competitor Randgold Resources for $6.1 billion in stock ✔ Before that, the stock's value nearly tripled over the course of a week and a half ✔ FILE- This Dec. 21, 2016, file photo shows the New York Stock Exchange ✔ The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept



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