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Trade War - SERIES 200 {15 articles}

US lost its credibility by engaging in trade war with the world – Erdogan

10/1/2018, 4:37:47 PM
The US has lost its credibility since Donald Trump unleashed a global trade war, Turkish President Recep Tayyip Erdogan said, slamming Washington for sanctioning Turkey and trying to isolate Iran. ✔ Ankara in particular considers the Kurdistan Workers’ Party (PKK) to be a terrorist group ✔ The low point came in August when the Trump administration slapped Turkish steel and aluminum imports with 50-percent tariffs and blacklisted the country’s ministers of justice and the interior over human rights violations in relation to the Brunson case ✔ Trends: Turkey-US newsUS sanctions on Iran


US TRADE WAR: Trump TAKES AIM at EU in shock tariff threat amid RECESSION warning

10/1/2018, 5:59:41 PM
DONALD Trump has threatened to slap punitive tariffs on European Union car exports after successfully re-writing the NAFTA agreement Mexico and Canada which he once dismissed as "perhaps the worst trade deal ever." ✔ Donald Trump repeats his threat to slap tariffs on EU car imports (Image: GETTY) Negotiators agreed in July not to step up their dispute but today’s comments from the White House suggest Mr Trump is showing signs of impatience as he again raised the spectre of a 25 percent levy on imports of European cars


American farmers, businesses launch campaign to show how tariffs harm the heartland

10/1/2018, 4:20:18 PM
American businesses and farmers are joining forces to launch a multimillion-dollar campaign to demonstrate the negative impact of tariffs. ✔ The administration already has levied tariffs on $50 billion of Chinese goods amid complaints that China engages in unfair trade practices, including the theft of U.S. technology and intellectual property ✔ While we agree that there are issues that need to be addressed with key trading partners, tariffs are the wrong approach to bring about meaningful change, the groups wrote in a letter Wednesday to House Speaker Paul Ryan, R-Wis., and House Minority Leader Nancy Pelosi, D-Calif


A fair and free trade creates US jobs, BMW CEO says

10/1/2018, 5:09:04 PM
BMW recently downgraded its earnings forecast, citing trade tariffs and new emissions standards. ✔ BMW had also previously forecast profits to be on a par with last year, but now expects a moderate decrease, the company said ✔ A new Worldwide Harmonized Light Vehicle Test Procedure (WLTP) has been introduced that forces non-complaint models of car to be withdrawn from sale ✔ Krueger said the new standard was causing a dip in the wider car market, but that BMW was well prepared for it


Japan stock market catches overflow from US rally

10/1/2018, 6:44:48 PM
Emerging-market outflows also help lift Nikkei average to 27-year high ✔ That rise is the fastest among major currencies and puts the greenback at a 16-year-high in terms of its nominal effective exchange rate ✔ As uncertainty over Italy's weak public finances and a looming British exit from the European Union have heightened concerns about Europe, Japan has stepped into the limelight as a destination for money concentrated in excess in the U.S., said Takashi Maruyama at Fidelity International


Defense Secretary James Mattis cancels trip to China as trade tensions get worse

10/1/2018, 6:46:11 PM
The cancellation comes on the heels of a denied port visit for the USS Wasp to Hong Kong and a scrubbed engagement with China's top naval commander. ✔ Mark Schiefelbein | AFP | Getty Images  US Defence Secretary Jim Mattis inspects an honor guard during a welcome ceremony at the Bayi Building in Beijing on June 27, 2018 ✔ The numerous overlapping sovereign claims to islands, reefs and rocks many of which disappear under high tide have turned the waters into an armed camp


The stock market is up for six months straight and it should keep going, if history is any guide

10/1/2018, 6:25:03 PM
The S&P 500 averages a fourth-quarter gain of 9.2 percent when it notches a six-month winning streak between April and September. ✔ Gari Garaialde | Getty Images Revellers run with Nunez del Cuvillo's fighting bulls during the eighth day of the San Fermin Running of the Bulls festival on July 13, 2017 in Pamplona, Spain ✔ By comparison, the S&P 500 has averaged a gain of 0.6 percent since 1928


Pentagon chief doesn't expect ties with China to worsen

10/1/2018, 7:21:35 PM
Beijing cancelled October security meeting with Mattis amid rising tensions ✔ On Sunday, a U.S. Navy destroyer sailed near islands claimed by China in the South China Sea ✔ Washington has no formal ties with Taiwan but is bound by law to help it defend itself and is the island's main source of arms ✔ We've just got to sort out, as I've said before, when we step on each others toes, how we're going to deal with it, Mattis added


What if Trump's confrontational trade stance actually works?

10/1/2018, 7:32:38 PM
David Andelman writes that the NAFTA 2.0 agreement, or USMCA as Donald Trump wants to call it, ought to be sending chills up the spines of diplomats and trade negotiators around the world. Trump got his way. And now, no one can tell him his bull in-a China-shop way won't work. ✔ MUST WATCH China retaliates after new US tariffs 02:16 Finally, of course, there is the mother of all trade disputes, already developing into a trade war, between the world's two leading trading nations, China and the US ✔ It is not a pretty picture now, but deft diplomats and able negotiators must find a way


China’s ‘great wall of capital’ set to benefit mutual funds

10/1/2018, 4:10:01 PM
undefined ✔ Figures from Z-Ben Advisors, a data and analytics company, show that foreign ownership of Chinese equities and bonds has grown 64 per cent to $435bn over the past 12 months ✔ But with regulators discouraging flows into these products, it would be no surprise to see more retail fund offerings on these companies’ mobile apps


Nvidia’s stock on track for record close, leading chip sector higher

10/1/2018, 6:45:48 PM
Nvidia Corp. leads the chip makers higher, tacking on gains from last week’s rally, even as some analysts question whether the sector is living on borrowed time. ✔ Read: AMD stock reflects ‘irrational expectations,’ analyst says There is, however, a bit of skepticism on how far companies like Nvidia can drive their share prices higher ✔ Wallace Witkowski Wallace Witkowski is a MarketWatch news editor in San Francisco ✔ We Want to Hear from You Join the conversation Comment


'Devastating' effects: IMF chief sends warning on trade wars

10/1/2018, 7:39:25 PM
IMF is set to cut its global growth forecast, with trade wars and interest rates darkening its outlook. ✔ Photo: Bloomberg Three months since predicting the world economy would grow 3.9 per cent this year and next, Lagarde signalled in Washington that she is no longer quite so optimistic ✔ China also rejected a US offer to hold another round of formal negotiations ✔ The US at the same time is moving forward with new trading agreements ✔ Our new podcast series from the team behind Phoebe's Fall View episodes


What Trump gets right about trade

10/1/2018, 7:23:54 PM
Opponents of Donald Trump spent the first year of his presidency pointing out that he was better at wrecking deals—the Trans-Pacific Partnership, the Iran nuclear agreement, the Paris climate accord—than making them. But coming on the heels of a trade deal with Mexico, the surprising agreement with Canada—that appears to update and preserve the North American Free Trade Agreement while giving it a new name—allows the president to tell voters that he is indeed a dealmaker like he said. ✔ Some eighty stocks in the S&P 500 SPX, +0.41%  nearly one in six, meaning share prices have plunged at least 20% from their 52-week highs ✔ Examples include Harley-Davidson HOG, +0.75%  , Whirlpool WHR, +0.05%   and Stanley Black & Decker SWK, +0.72% ✔ We Want to Hear from You Join the conversation Comment


It’s time for retirement savers to consider utilities as more than just a dividend investment

10/1/2018, 4:20:12 PM
Utilities are typically seen as a defensive investment ✔ The orange line shows the performance of the S&P 500 Utilities Index, which had a cumulative total return of 64% ✔ Utilities outperformed the S&P 500 index SPX, +0.63% which had a cumulative return of 39.33% during the same period ✔ All investments involve risk, including loss of principal ✔ We Want to Hear from You Join the conversation Comment


How Trump is pushing Turkey and the EU closer together

10/1/2018, 5:29:05 PM
Relations between Turkey and the EU have markedly improved in recent months and Trump has played a major in that. ✔ The Trump administration also recently slapped Turkey with a number of economic sanctions ✔ As the Trump-initiated trade war rages on, it only makes sense for the EU and Turkey to stick together ✔ ABOUT THE AUTHOR Taha Ozhan Taha Ozhan is an academic and writer and is currently research director at Ankara Institute


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