U.S. and Chinese officials are set to begin trade negotiations on Monday. Here are seven issues that will be key to making headway
Trade War U.S.
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.
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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.