US-China trade war latest: What has happened in Donald Trump's trade war so far?
10/3/2018, 10:15:21 PMEXCLUSIVE: The US-China trade war started at the beginning of 2018 after the US imposed tariffs on laundry machines and solar panels coming from China and since then, the economic war has intensified rapidly. So what has happened so far? ✔ The trade war has led to military and political tensions between the two nations, addressing concerns on the vulnerability of emerging markets, as well as the financial and economic stability of the world economy ✔ He said: History has shown a financial battle between the world's two biggest economies doesn't look good for anyone
Breakingviews - China’s Big Brother drafted into trade war
10/3/2018, 9:24:33 AM(Reuters Breakingviews) - China’s Big Brother is getting dragged into the trade ... ✔ REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY ✔ Massive purchase orders for monitoring equipment and software used for such purposes represent a big business opportunity for manufacturers and developers, domestic and foreign ✔ These latest developments could keep the pressure on them
Now resolve the China trade war, Mr Trump
10/3/2018, 2:07:33 AMAustralia should push the US President to reconsider his policies on steel and China, the two main fronts that remain in his global trade war. ✔ Don't say it to his face but an early reading suggests his NAFTA Mark II makes only minor changes ✔ A note from the editor – Subscribers can get Age editor Alex Lavelle's exclusive weekly newsletter delivered to their inbox by signing up here: www.theage.com.au/editornote
What’s at Stake in the U.S.-China Agricultural-Trade War
10/3/2018, 2:18:25 AMDarci Vetter, the U.S.’s former chief agricultural negotiator, discusses which country has the most leverage in the trade battle. ✔ But it is also true that there are practices in the agriculture sphere that we’d like to change in China ✔ But I hear more concern about how long farmers can hang on under this pressure ✔ This is one of those points that we’ll have to see at what point those voices start to get louder
U.S. crude oil shipments to China 'totally stopped' amid trade war:...
10/3/2018, 8:04:47 AMU.S. crude oil shipments to China have "totally stopped", the Presiden... ✔ Before (the trade war) we had a nice business, but now it’s totally stopped, Xie Chunlin, the president of CMES (601872.SS) said on the sidelines of the Global Maritime Forum’s Annual Summit in Hong Kong ✔ crude oil shipments to China' click tmsnrt.rs/2Qommd2) Our Standards:The Thomson Reuters Trust Principles
Jack Ma says US-China trade war could last 20 years
10/3/2018, 1:14:14 AMundefined ✔ ''Today we see Made in China, Made in America, Made in Switzerland or Made in Geneva: 2030 will see Made in Internet.'' More than 85 percent of business will be e-commerce, he said ✔ He announced last month he will step down as Alibaba's chairman next September but will stay on as a member of the Alibaba Partnership, a group that retains control of the company through their right to nominate a majority of its board of directors
Tesla shares drop after analysts worry about China trade war risk
10/3/2018, 6:20:07 PMMoody's is concerned a potential escalation in the trade war between the U.S. and China will hurt Tesla's financials. ✔ Morgan analyst Ryan Brinkman said in a note to clients Wednesday ✔ One hedge fund firm also revealed Wednesday it is betting against the electric carmaker ✔ Hudson Bay Capital Management's Sander Gerber told Reuters his firm is short Tesla's stock due the growing number of employees that have left the company
World War 3 WARNING: Chinese business giant claims Trump’s trade war could cause CONFLICT
10/3/2018, 3:03:51 AMDONALD TRUMP’s trade war with China could lead to military conflict, according to Alibaba founder Jack Ma, a 54-year old billionaire who is one of the wealthiest men alive. ✔ He said: We should have the solution to solving the problem by not confronting each other ✔ Deputy assistant director of the CIA’s East Asia Mission Centre told the Aspen Security Forum the threat from China is the most serious currently faced by the US and FBI Director Christopher Wray was in agreement
Nikkei index runs ahead of Abenomics
10/3/2018, 10:12:54 PMStocks look pricey for an aging country with a stagnant economy faced with trade war risks ✔ In July, real wages grew just 0.4% from a year earlier, dashing hopes the previous month's 2.5% jump was the start of a firm uptrend ✔ He was given the 2018 prize for excellence in opinion writing by the Society of Publishers in Asia, for his work for the Nikkei Asian Review
The stock market has given James Bond carmaker Aston Martin a frosty reception
10/3/2018, 9:10:24 AMAston Martin IPO'd in London on Wednesday. Shares were priced at £19, valuing the luxury car maker at £4.3 billion. After a small initial price bump, shares have fallen to £18.40. The performance underlines weakness in the London IPO market and ongoing trade war and Brexit fears in the auto sector. ✔ Shares were priced at £19, valuing the luxury car maker at £4.3 billion ✔ Aston Martin, whose cars sell for hundreds of thousands, has been bankrupt seven times across its 105-year history, which may give some investors pause for thought ✔ On Tuesday, the owner of British car maker Vauxhaull warned of dramatic consequences for its manufacturing if there's a no deal Brexit
China BLAMES Trump officials for trade deal FAILURE - 'They keep changing their position'
10/4/2018, 1:05:50 AMCHINA has blamed the Trump administration for the failure of the two countries to strike a new trade deal, with Beijing’s ambassador to the US accusing Washington DC’s demands of “changing all the time”. ✔ The US and China continue to square off during a trade war (Image: GETTY) Cui Tiankai says that China has been continually trying to meet US demands (Image: GETTY) Despite Beijing’s claims that they have been making many efforts to end the trade war, White House officials have not described China’s efforts as being accommodating
Close call! US destroyer and Chinese warship in NEAR MISS in South China Sea CONFRONTATION
10/3/2018, 2:17:25 AMPICTURES released by the US Navy show how close a Chinese warship came to colliding with a US destroyer, amidst growing tensions between the US and China. ✔ China’s Defence Ministry said in a statement: The US side repeatedly sends military ships without permission into seas close to South China Seas islands, seriously threatening China's sovereignty and security, seriously damaging Sino-US military ties and seriously harming regional peace and stability
iPhone News: Apple CEO Tim Cook Not Worried About Price Increase Due To Trump Tariffs
10/3/2018, 4:31:19 PMApple CEO Tim Cook struck an optimistic tone about U.S.-China trade talks, saying he does not think there will be an iPhone price increase. ✔ Tim Cook says he doesn't think tariffs are going to make your iPhone more expensive https://t.co/Sj4KNR2NLo pic.twitter.com/6EvmU5QdyU — CNNMoney (@CNNMoney) June 5, 2018 No one will win from that, it will be a lose-lose, Cook told CNN
Pompeo to visit China Monday
10/3/2018, 11:07:27 AMU.S. Secretary of State Mike Pompeo will travel to China on Monday, Chinese Stat... ✔ REUTERS/Darren Ornitz The two governments will exchange views over their bilateral relationship and international and domestic issues concerning by both sides, it reported, without giving details ✔ Pompeo will travel to North Korea at the weekend for denuclearization talks with the country’s leader Kim Jong Un, the State Department said on Tuesday, calling this forward progress, despite negative signals from Pyongyang ✔ Our Standards:The Thomson Reuters Trust Principles
Holiday season retail sales expected to increase 4.3% to 4.8%: NRF
10/3/2018, 4:55:11 PMundefined ✔ The group credits the strong economy and consumer confidence for this year's growth, but acknowledges some worries ✔ WMT, -0.98% and Target Corp. TGT, -0.15% have warned that tariffs could raise prices and hurt families ✔ AMZN, -0.60% increased its minimum wage to $15 amid a tight labor market, putting pressure on retailers to raise wages
Amid trade spat, U.S.-China military tensions soar
10/3/2018, 11:32:11 AMThe bitter trade dispute between China and the U.S. is increasingly spilling into the military domain, with a risky incident in the South China Sea highlighting the dangers of souring relations. In what the U.S. Navy has called an "unsafe and unprofessional" encounter, a Chinese warship sailed within just 45… ✔ The U.S. and Chinese militaries in 2014 agreed on a code of conduct for unplanned encounters at sea, aimed at helping the two navies avoid mishaps ✔ Noting that such actions violated established rules, Glaser added the encounter in the South China Sea represented a different level of interfering in a U.S. freedom of navigation operation
Asian markets sink, led by losses in Hong Kong, South Korea
10/4/2018, 2:59:28 AMAsian stocks took a turn for the worse after a mixed opening in Pacific Rim markets Thursday. ✔ South Korea’s Kospi SEU, -1.11% sank more than 1% after news reports that the Bank of Korea may hike interest rates later this month ✔ Providing critical information for the U.S. trading day ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment
The stock market is trading at a record, but a look under the hood shows some troubling signs
10/3/2018, 7:40:02 PMThere are far more stocks making 52-week lows than 52-week highs at the New York Stock Exchange. Meanwhile, the average S&P 500 stock actually fell slightly in September. Despite all of this, stocks are trading at record levels. ✔ Michael Nagle | Bloomberg | Getty Images Pedestrians walk in front of the New York Stock Exchange (NYSE) in New York ✔ At the same time, the 10-day average of stocks making new 52-week highs at the New York Stock Exchange is below 100, said Andrew Thrasher, portfolio manager for The Financial Enhancement Group and founder of Thrasher Analyitics
Tesla Beat Its Delivery Target But This Bear Isn’t Swayed
10/3/2018, 1:00:07 PMAn analyst says that Tesla’s better-than-expected delivery report still leaves a few reasons to be wary of the electric car company’s stock. ✔ Tesla told investors in its delivery update that it made over 5,300 Model 3 vehicles by the last week of the quarter, but the company had said in its second-quarter letter to shareholders that it was aiming for 6,000 Model 3s a week by the end of August
China slams 'irresponsible' United States over shelved security talks
10/4/2018, 2:24:15 AMChina's foreign ministry criticized the United States for suggesting that B... ✔ We request related parties stop this sort of behavior of making something out of nothing and spreading rumors, she said ✔ Beijing and Washington are locked in a spiraling trade war, with frictions between them threatening to move beyond trade ✔ Our Standards:The Thomson Reuters Trust Principles
Why it's time for investors to go on defense
10/3/2018, 7:06:43 PMHoward Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly. ✔ Why Howard Marks is cautioning investors It's time for investors to start making safer bets ✔ Marks also pointed to the trade war with China as another reason for investors to tread carefully ✔ Hosted by CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts
Emerging market currencies weaken as dollar hits 6-week high
10/4/2018, 2:37:33 AMundefined ✔ Société Générale analysts noted that risk-on sentiment in Japan was strengthening, and investors were looking ahead to a special parliamentary session later in October where the government could announce a fiscal expansion package, primarily focusing on reconstruction and recovery efforts following the string of natural disasters over the summer
Shoppers expected to give retailers a holly, jolly holiday season as they buy a bit more
10/3/2018, 5:30:37 PMShoppers should make this a jolly holiday season for retailers, an industry trade group predicts, saying sales should rise between 4.3% and 4.8% ✔ The holiday shopping season has created a lot of work.(Photo: Getty Images) Shoppers, buoyed by low unemployment and a slight uptick in wages, should make this a jolly holiday season for retailers, an industry trade group predicted Wednesday ✔ Our forecast reflects the overall strength of the industry, Matthew Shay, NRF's president and CEO said in a statement
'Trade wars' are not good for energy security, Russia's energy minister warns
10/3/2018, 7:23:53 AMRising trade tensions and "protectionism" in trade policies are a risk for the global energy outlook, Russia's energy minister said. ✔ His comments come as trade tensions between the U.S. and China hit an all-time high, with both superpowers levying billions of dollars' worth of tariffs on each other's imports in what has been described as a trade war ✔ LNG is a form of the fuel super-chilled to liquid so it can be shipped more easily and safely
WORLD WAR 3: US ESCALATES Beijing tensions with planned show of FORCE in South China Sea
10/4/2018, 1:50:21 AMTHE US MILITARY is planning on performing a large military exercise in the South China Sea and Taiwan Strait as a show of force against China and as a reminder of the US’s ability to quickly confront potential adversaries. ✔ Days later, the Chinese military conducted live-fire showing drills in the South China Sea ✔ These incidents came along with other deteriorations in the Chinese-US relationship, specifically over issues pertaining to sanctions, Taiwan and the continued trade war ✔ The Defence Secretary said: We’re just going to have to learn how to manage this relationship
Asia-Pacific countries fight back after wave of cyber attacks
10/4/2018, 2:13:25 AMundefined ✔ Recommended Taiwan hit by jump in cyber attacks from China Canberra has also banned Chinese telecoms equipment makers Huawei and ZTE from providing 5G technology to Australian mobile phone operators amid national security concerns ✔ The US will defend forward to disrupt or halt malicious cyber activity at its source, including activity that falls below the level of armed conflict, the Department of Defense said in a separate strategic update
Don’t Be Surprised by Good News at Banks
10/3/2018, 4:08:41 PMSolid earnings coupled with low expectations and cheap valuation could ignite a bank-stock rally. ✔ Deposit costs are indeed on the rise, but overall they remain quite low, especially at large banks with big deposit bases ✔ At JPMorgan, the average cost of interesting-bearing deposits likely rose to 0.62% in the third quarter from 0.51% the previous quarter, analysts at Keefe, Bruyette & Woods estimate ✔ Heading into earnings season, this underappreciated sector is the place to be
THE TRUMP EFFECT? US economy has ‘REMARKABLY positive outlook’ says Federal Reserve chief
10/3/2018, 7:49:16 PMTHE US economy has a "remarkably positive outlook" and is on the verge of a "historically rare" era of ultra-low unemployment and steady prices for the foreseeable future, according to Federal Reserve Chairman Jerome Powell. ✔ He said it never happened and there was no reason now to expect it will ✔ Catherine Mann, global chief economist at Citigroup and former chief economist at the Organisation for Economic Cooperation and Development, said the spark could be lit early next year
U.S. warns of new hacking spree from group linked to China
10/4/2018, 12:54:45 AMThe U.S. government on Wednesday warned that a hacking group widely known as clo... ✔ FILE PHOTO: A man types on a computer keyboard in Warsaw in this February 28, 2013 illustration file picture ✔ REUTERS/Kacper Pempel/File Photo We’ve seen a huge pickup in activity over the past year and a half ✔ Our Standards:The Thomson Reuters Trust Principles
Alibaba Can Bounce Back After Jack Ma’s Exit. Here’s How
10/3/2018, 3:28:10 PMThe Chinese cloud and e-commerce giant has slumped this year but one analyst is more confident after Alibaba’s recent investor day. ✔ Second, in its core commerce business, Alibaba has streamlined the user shipping experience and taking personalization to the next level ✔ The Technology Select Sector SPDR ETF (XLK) is up 0.6% to $76.14 ✔ Make the Connection Chinese internet stocks may have gotten too cheap
Donald Trump savages EU and Juncker in fiery rally speech: 'They're killing us'
10/3/2018, 9:12:45 AMDONALD Trump launched a withering attack on Jean-Claude Juncker, mocking his voice and accusing the EU of “killing” US trade at a rally in Mississippi. ✔ I said, Jean-Claude, please! We have got to negotiate – $151billion we lose ✔ His comments are in reference to his threat to escalate a trade war with Europe by imposing a 20% tariff on all US imports of European Union-assembled cars ✔ He had previously called her a very credible witness
Russia and China to unite in new ANTI-US PARTNERSHIP to conquer the Moon
10/3/2018, 9:43:26 AMRUSSIA and China are considering joining their resources in an “equal partner enterprise” to build a base on the moon in a major swipe to the US, the chief of the Russian space agency revealed. ✔ The move brought the tensions between Washington, China and Russia to space, with Russian deputy prime minister Yury Borisov suggesting Russia could break up the long-lasting space partnership and not renew its contract with NASA to transport US astronauts to the International Space Station (ISS)
U.S. private employers boost hiring; activity accelerates
10/3/2018, 3:34:52 PMU.S. private payrolls recorded their biggest increase in seven months in Septemb... ✔ The unemployment rate is forecast to fall one-tenth of a percentage point to 3.8 percent, an 18-year low first hit in May ✔ BROAD JOB GAINS The ADP report showed construction payrolls rose by 34,000 jobs last month, accelerating from 3,000 in August ✔ Our Standards:The Thomson Reuters Trust Principles
Asian shares ease, euro near six-week lows on Italian woes; gold jumps
10/3/2018, 1:11:53 AMAsian shares ticked lower on Wednesday and the euro held at six-week lows as Ita... ✔ The selloff in Italian debt was triggered after EU officials expressed concerns about Italy’s budget plan, which would widen the deficit significantly ✔ The deficit blowout revived fears of the eurozone debt crisis and put pressure on the euro ✔ [O/R] Our Standards:The Thomson Reuters Trust Principles
Powell says we're 'a long way' from neutral on interest rates, indicating more hikes are coming
10/3/2018, 9:36:41 PMFederal Reserve Chairman Jerome Powell said the central bank has a ways to go yet before it gets interest rates to where they are neither restrictive nor accommodative. ✔ If perhaps inadvertently we wind up instead in a more protectionist era where countries are putting tariffs back and forth on each other, that will be bad for American workers and the American economy and perhaps for other countries as well ✔ We don't see the kind of buildup in risks in the financial markets, let alone the banking system, Powell added
Yield-hungry Japanese investors flocking to Chinese bonds
10/3/2018, 1:38:20 AMThe attraction of China's higher-yielding bonds and improved access is enti... ✔ REUTERS/Toru Hanai While the amounts they have invested so far make China a modest investment at best for the yen-based investors, they have already plowed a record amount into yuan bonds this year ✔ China’s policy stance on markets is becoming very open, which we take very positively ✔ And the speed of their market reforms is quite fast, compared to other countries, said Matsumoto ✔ Our Standards:The Thomson Reuters Trust Principles
U.S. services sector activity hits 21-year high; hiring accelerates
10/3/2018, 5:22:47 PMU.S. services sector activity raced to a 21-year high in September and companies... ✔ There were also complaints about labor shortages, especially truck drivers ✔ The unemployment rate is forecast to fall one-tenth of a percentage point to 3.8 percent, an 18-year low first hit in May ✔ More workers with money in hand to spend will lead to more consumer spending down the road ✔ Our Standards:The Thomson Reuters Trust Principles
Photos show how close US warship was to colliding with Chinese vessel
10/3/2018, 12:32:04 PMNew images have revealed the tiny margin between a US Navy destroyer and a Chinese warship sent to head it off in the South China sea during a tense standoff on Sunday. ✔ The Chinese ship (right) made an 'unsafe and unprofessional maneuver', according to US Pacific Fleet spokesman Commander Nate Christensen Collin Koh Swee Lean, research fellow at Singapore's S. Rajaratnam School of International Studies, said the incident would have contravened the Code for Unplanned Encounters at Sea agreed to by China and the US, among others, in 2014
Pence to tell China: We will not be intimidated in South China Sea
10/4/2018, 2:24:13 AMU.S. Vice President Mike Pence, sharpening U.S. criticism of Chinese policies ar... ✔ FILE PHOTO: An aerial view of uninhabited island of Spratlys in the disputed South China Sea, April 21, 2017 ✔ Today, that country is offering hundreds of billions of dollars in infrastructure loans to governments from Asia to Africa to Europe to even Latin America ✔ The corporation is not named in the speech excerpts ✔ Our Standards:The Thomson Reuters Trust Principles
Mexico boosted by US-Canada agreement on revamped Nafta deal
10/3/2018, 1:27:56 PMundefined ✔ But Mr Seade said he was baffled at the conventional wisdom that the increase in the so-called rules of origin for the auto sector the new stipulation that 75 per cent of parts must be made in the region, up from 62.5 per cent now, and that 40 per cent must be made in areas where wages are $16 an hour would hurt traditionally low-cost Mexico
Congress Leaves Farmers Hanging Right Before The Election
10/3/2018, 5:01:30 PMNegotiators wanted to keep the pressure on by not doing a short-term extension. But it's rural lawmakers who are feeling the pressure most. ✔ Pat Roberts (R-Kan.), who chairs the Senate Agriculture Committee, is seen in March 2017 ✔ The member said the the biggest holdup for a farm bill extension is the chairman of the House Agriculture Committee, Rep ✔ Current law already has such requirements, with exemptions for parents and areas with high unemployment
America's next top villain: Is China lined up to replace Russia as the US' default enemy?
10/3/2018, 4:04:32 PMRecent provocations in the South China Sea follow rising tensions between the US and China, but with rivalry expanding into the economic and political spheres, it seems Beijing is now encroaching on Russia's top-villain status. ✔ Although the Democratic and Republican parties share the same goal, their tactics differ, Becker noted ✔ Obama wanted to use the Trans Pacific Partnership to exclude China from writing the rules of the road for trade, while Trump has taken a more direct approach, using American military, economic and political might to unilaterally impose its will on those who defy Washington's diktats ✔ Subscribe to RT newsletter to get stories the mainstream media won’t tell you
:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/13124415/aliptak_180919_2960_5200.jpg)
Electric cars still face a big hurdle: the charging system
10/3/2018, 6:25:59 PM22,000 public charging stations vs. about 168,000 fossil-fuel stations ✔ Electrify America, a subsidiary of VW, announced earlier this year that it plans to install EV charging stations at more than 100 Walmarts in 34 states ✔ In this Storystream Paris Motor Show 2018: European-made cars go electric Electric cars still face a big hurdle: the charging system Mercedes’ EQ Silver Arrow blends classic design with electric superpowers View all 6 stories
In 'unsafe' encounter, Chinese warship sails within 40 meters of U.S. Navy destroyer in South China Sea
10/3/2018, 8:57:01 AMA Chinese destroyer performed an "unsafe" maneuver during an encounter with a U.S. Navy warship in the disputed South China Sea over the weekend, coming wi ✔ However, the U.S. has repeatedly sent warships to enter the waters near Chinese islands in the South China Sea, seriously threatening China’s sovereignty and security, undermining Sino-U.S ✔ Nagy, who is also a visiting fellow at the Japan Institute for International Affairs in Tokyo, said that through regularized FONOPs by the U.S. and training exercises by Britain, Japan and France in the region, like-minded countries are hoping to convince Beijing that their interests are better served through following international law instead of attempting to create facts on the ground through hybrid tactics such as lawfare or island-building
Sonny Perdue Talks Trade and the Farm Outlook
10/3/2018, 2:18:32 AMAt The Wall Street Journal’s Global Food Forum, the Secretary of Agriculture says he is optimistic the U.S. and China will reach an agreement. ✔ And U.S. dairy farmers will see their incomes slide $1.5 billion this year due to tariffs from China and Mexico, according to a forecast by Informa Economics ✔ MR. BAKER: This is a very intense battle, but negotiations are still going on ✔ Farmers are good guys about knowing what to do next
Analysis | The Finance 202: Top White House economist accuses Goldman Sachs of tilting research to benefit Democrats
10/3/2018, 12:10:09 PMThe notion that the firm is looking to inflict political pain on the administration is an odd one. ✔ (Andrew Harnik/AP) Kudlow: Talks with China could resume ✔ BULL SESSION Lindsey Graham's ever-changing tone toward Trump: Four men charged with federal crimes in connection to deadly Charlottesville rally: Indian police fire water cannon and tear gas at protesting farmers:
>>> Open This Series
Comments
Post a Comment