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Trade War - SERIES 201 {12 articles}

Donald Trump trade BREAKTHROUGH will NOT 'stop trade war with China' warns expert

10/1/2018, 9:54:46 PM
A NEW trade deal between the US, Canada and Mexico has finally been reached, but experts claim the new USMCA agreement will do nothing to improve the the prospect of a breakthrough in the US-China trade dispute. ✔ Head of CEEMEA FX and rates strategy at Citibank, Luis Costa, told CNBC: I do believe that unfortunately the China story is a lot more complicated than NAFTA talks ✔ The world’s two largest economies have been locked in an escalating trade war for months ✔ I just can't see it really being in China's interest to take on the might of the US because the US is still doing phenomenally well


Mexico, Canada trade deal gives Trump China leverage

10/1/2018, 11:37:17 PM
President Trump’s ability to wangle a new deal from NAFTA partners Mexico and Canada will give the White House leverage to take a harder line in the escalating trade war with China, administration backers said Monday. ✔ Complex problem China poses a problem of far greater magnitude and complexity for U.S. trade negotiators ✔ The de-industrialization of the United States ended last night, he said ✔ This is a major victory for the U.S. in re-orienting the supply chain away from Southeast Asia and back to North America


Dow Gains 192 Points as Trade Trumps All

10/1/2018, 9:47:22 PM
The S&P 500 also finished higher after the U.S., Canada and Mexico agreed on a trade deal to replace Nafta. ✔ Kinahan offered tepid hope, writing that maybe the deal on Nafta can signal better chances of the U.S. and China also finding a way out of their longstanding issues ✔ Do not be surprised if most of these companies somehow outperform these new lowered targets, James explains


Fast Asia Open: RBA rates decision, Hong Kong retail sales

10/1/2018, 11:24:32 PM
undefined ✔ Corporate earnings reports out today include Kewpie ✔ 07.00: South Korea industrial production 07.50: Japan monetary base 12.30: Reserve Bank of Australia interest rates decision 13.00: Japan consumer confidence index 16.30: Hong Kong retail sales 21.00: Singapore manufacturing purchasing managers’ index


Chinese warship sails within yards of US destroyer in 'unsafe' encounter

10/1/2018, 10:10:26 PM
Chinese ship approached the USS Decatur in the South China Sea and conducted ‘aggressive maneuvers’, a US official said ✔ The Chinese destroyer approached within 45 yards of Decatur’s bow, after which Decatur maneuvered to prevent a collision ✔ On Monday, a US defense official said that security talks due to take place later this month in Beijing between the defense secretary, Jim Mattis, and his Chinese counterpart had been canceled


Trump hits Brazil, India commerce after clinching North American...

10/1/2018, 10:01:31 PM
Fresh from clinching an updated North American commerce pact, U.S. President Don... ✔ Brazil is one of the world’s most closed major economies, and in recent months has tussled with the Trump administration over trade in sectors such as ethanol and steel ✔ After Trump’s comments, Brazil’s Foreign Trade Minister, Abrão Neto, defended the relationship, saying it was very positive ✔ Our Standards:The Thomson Reuters Trust Principles


8@eight: ASX set for gains at the open

10/1/2018, 10:05:13 PM
What happened overnight and what's ahead for the ASX. ✔ Volumes were light because of the public holidays in China, Hong Kong and parts of Australia, but not absurdly so ✔ Market watch:  SPI futures up 9 points or 0.1% 6169 at 6.20am AEST AUD flat at 72.26 US cents On Wall St at 4pm: Dow +0.7% S&P 500 +0.4% Nasdaq -0.1% In New York, BHP +1.2% Rio -0.1% Atlassian -0.4% In Europe: Stoxx 50 +0.4% FTSE -0.2% CAC +0.2% DAX +0.8% Spot gold -0.2% to $US1188.76 an ounce at 2pm New York time Brent crude +2.3% to $US84.59 a barrel US oil +2.4% to $US75.04 a barrel Iron ore flat at $US69.24 a tonne Dalian iron ore - Dalian exchange closed LME aluminium +1% to $US2083 a tonne LME copper -0.1% to $US6250 a tonne 2-year yield: US 2.82% Australia 2.03% 5-year yield: US 2.96% Australia 2.23% 10-year yield: US 3.08% Australia 2.66% Germany 0.47% US-Australia 10-year yield gap as of 6.25am AEST: 42 basis points This column was produced in commercial partnership between Fairfax Media and IG


Former Secretary of State John Kerry on Trump tariffs: The Chinese 'do not react well to bludgeoning'

10/1/2018, 8:57:32 PM
Former Secretary of State John Kerry said Monday that President Donald Trump may have a tougher time securing a trade deal with China than he did with Canada and Mexico. ✔ Those tariffs are set to rise to 25 percent at the start of 2019 ✔ China wants to talk, very badly, and I said, 'Frankly, it's too early to talk.' Can't talk now, because they're not ready, Trump said ✔ The White House did not immediately respond to a request for comment


Revamped NAFTA narrows options for non-American carmakers

10/1/2018, 8:05:06 PM
New pact sets import quotas, but US manufacturers' mainstay light trucks spared ✔ The quota system also favors American automakers by including an exemption for light trucks -- the main segment exported from Mexico by General Motors and Fiat Chrysler Automobiles ✔ Meanwhile, the trade war -- particularly steel tariffs imposed by Washington in March -- makes American production more expensive


Analysis | Global confidence in Trump lower than for China’s Xi, poll shows

10/1/2018, 10:11:59 PM
A new Pew poll finds skepticism of China's rise but most countries continue to have a negative view of the U.S. president. ✔ Views of the United States in general were more positive 50 percent were favorable, compared to 43 percent unfavorable but this was also a drop from the Obama-era, when favorable views were at 64 percent ✔ More on WorldViews Amid North Korea nuclear talks, poll shows high support for South Korea among Americans


U.S. Pivots to China, With Nafta Deal in Hand

10/1/2018, 10:19:11 PM
White House officials are betting that concluding a trade deal with Mexico and Canada gives them ammunition in their high-stakes battle with China on economic issues and national security. ✔ Dockworkers at the Port of Savannah in Georgia ✔ Cornell University China scholar Eswar Prasad warned that if the U.S. expands its tariffs, then China would disengage and probably start implementing its playbook of making life miserable for American businesses in China, he said


No easy escape from Afghan war for Trump

10/1/2018, 10:04:15 PM
Russia, China and Iran now backing Taliban and stymieing US peace efforts ✔ U.S. Defense Secretary Jim Mattis, while making an unannounced visit to Kabul recently on his way back from New Delhi, said reconciliation efforts with the militia had gained traction ✔ Brahma Chellaney is a geostrategist and the author, most recently, of the award-winning Water, Peace, and War


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