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Trade War U.S.
U.S. and Chinese officials are set to begin trade negotiations on Monday in the hope of reaching a deal during a 90-day truce between President Donald Trump and his counterpart Xi Jinping
U.S. and Chinese officials are set to begin trade negotiations on Monday. Here are seven issues that will be key to making headway
Total U.S. agricultural export shipments to China for the first 10 months of 2018 fell by 42 percent from a year earlier to about $8.3 billion, according to the U.S. Department of Agriculture.
China is the largest foreign holder of US Treasuries but its purchases have flatlined in recent years, raising concerns that the declining demand could weigh on US government bond prices and push interest rates higher.
StockMarketNews.Today – The U.S. this year has already imposed tariffs on $250 billion in trade with China. Ten percent tariffs on $200 billion in imports that took effect in September are due to increase to 25 percent on Jan. 1. Trump has also threatened to impose tariffs on the remaining goods imports from China, which last year were worth $550 billion.
Many American companies view China as their major growth market, but tariffs have dried up cross-investment.
StockMarketNews.Today – The U.S. president believes that American business will take up slack with local production, but capital investment is showing no signs of ramping up in anticipation of greater local demand. This makes sense because capital spending plans take years to execute and even longer to pay off in profits.
The Chinese economy slowed to a growth rate of 6.5% in the third quarter, a bit lower than expected and the weakest pace of growth since the global meltdown year of 2009.
StockMarketNews.Today – GDP growth hit a robust annual rate of 4.2% in the second quarter, temporarily legitimizing Trump’s promise to push GDP growth to 3% or higher.
StockMarketNews.Today – Record imports drove the U.S. trade deficit up for the third straight month in August. The deficit in the trade of goods with China and Mexico hit records.
China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen.
StockMarketNews.Today – The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s two biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.
StockMarketNews.Today – Report by the Wall Street Journal that China had canceled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for next week.
Chinese markets proved resilient to a new round of tariffs from the United States although the mood was cautious as investors braced for a further escalation of tensions between the two giants.
StockMarketNews.Today – Investors were nervous after U.S. President Donald Trump imposed 10 percent tariffs on an additional $200 billion worth of Chinese imports, and warned of duties on more products if China took retaliatory action.
Today’s Top Stock Market News. Daily Overview on the News from the Stock Market. Sunday – 2018/08/12
StockMarketNews.Today – 2018/08/12 – Today’s Top Stock Market News. Latest Stock Market, Financial and Business News. Everything You Need to Know About the Stock Market Today.
Today’s Top Stock Market News. Daily Overview on the News from the Stock Market. Wednesday – 2018/08/08.
StockMarketNews.Today – 2018/08/08 – Today’s Top Stock Market News.
The US-China trade war looks set to escalate. Donald Trump wants to more than double the proposed tariffs on $200bn of annual imports from China — from 10 per cent to 25 per cent.
StockMarketNews.Today – Trump tariff threat takes fresh bite out of China stocks. Hang Seng hits 10-month low as US mulls raising duties on China imports to 25%.
Today’s top stock market news. Tech sector dominated the news overnight. The next wave of US tariffs is set to kick in as soon as today, with the possible imposition of duties on another $16bn of Chinese imports.
StockMarketNews.Today – Equities were mixed in Asia Pacific as benchmarks in Tokyo and Hong Kong bounced back following a rough Tuesday session, although strong revenue from Apple announced overnight boosted the iPhone maker’s suppliers.
A busy week of earnings and data awaits investors, while the strength of the US dollar and trade protectionism jitters dominate trading sentiment.
StockMarketNews.Today – Dollar and trade protectionism jitters will dominate sentiment.
Investors will also be watching the pound and whether a cap to its woes lies ahead.
China’s stock indices are lower and European stocks are trading cautiously as investors measure comments from the White House signalling that trade talks between Washington and Beijing are stalled.
StockMarketNews.Today – Stocks lose momentum as investors assess trade talks deadlock
Trump adviser blames Xi Jinping for stalled negotiations over tit-for-tat tariffs.
National Economic Council director Larry Kudlow said China could “end” the “tit-for-tat business” by reducing tariffs and allowing American ownership of companies in China.
Boeing is working actively behind the scenes to avert an escalation of the bitter US-China trade war, amid concerns about the risks for a company that is the top US exporter.
Boeing works to avert US-China trade war escalation.
Chief notes ‘tough’ global trade challenges but reaffirms UK investments
President Donald Trump is already threatening additional rounds of tariffs, possibly targeting more than $500 billion worth of Chinese goods – roughly the total amount of U.S. imports from China last year.
StockMarketNews.Today – It will take weeks or months for the U.S. Trade Representative to review and possibly activate any new rounds of punishment.
China’s commerce ministry said it was forced to retaliate, meaning imported U.S. goods also faced 25 percent tariffs.
Donald Trump’s administration on Friday imposed new tariffs on $34bn of imports from China as the US president threatened to extend levies to all $500bn of Chinese goods, the biggest shot so far in the trade war between the world’s two largest economies.
StockMarketNews.Today – Mr Trump’s comments during a visit to the state of Montana — coming only hours before US customs officials began collecting 25 per cent tariffs on 818 different Chinese products from midnight Washington time on Thursday — highlighted the escalating economic consequences of the trade fight between the US and China.
Global markets are bracing themselves as the deadline nears for the US to start imposing tariffs on $34bn of imports from China.
European stocks hold nerve into US tariff deadline
China markets continue to bear brunt of trade dispute, dollar drifts away from highs.
Asia-Pacific equities were broadly down on Thursday as investors looked towards the looming implementation of tariffs.
StockMarketNews.Today – US markets were closed on Wednesday for the Independence Day holiday, but in Europe the pan-European Stoxx 600 index ended the session fractionally higher while the FTSE 100 fell 0.3 per cent in London.
China-focused stocks took the brunt of the damage. Hong Kong equities were once again lower with a drop of 0.9 per cent by the Hang Seng index. The Hang Seng China Enterprises index, which tracks large-cap Chinese companies, dipped 1.7 per cent.
China’s stock market remains under pressure and European stocks are drifting as investors continue to watch for signs that the trade dispute between China and the US could be influencing China’s policy on its currency.
What you need to know:
Equities lower as trade fears persist.
European tech stocks track losses for the sector overnight on Wall Street.
Renminbi moves further up off lows as attention stays on China’s currency policy.
Chinese stock indices stay under more pressure than their peers.
Sterling bounces up after reassuring services sector economic data.
“Possible trade wars are just another worry on top of other existing global economic problems, but the expectation of recession is usually necessary for a bear market to occur and we don’t believe that is about to happen,” says Jane Sydenham, investment director at Rathbones.
Fears surrounding a potential trade war between the U.S. and other major economies continue to plague market sentiment around the world.
NEW YORK (StockMarketNews.Today) – U.S. stock index futures slumped on Monday, the first trading day of the third quarter.