Tag: trade war

July 25, 2018

On Friday, his prediction might come true — albeit briefly. Economists are projecting the gross domestic product will have grown between 4.1% and a whopping 4.9% when the second quarter estimate is released, up from 2% in the first quarter. […]

July 16, 2018

Confirmation that China’s economy is slowing amid an escalating trade war is a worrying omen for global growth. Data released since Friday has affirmed what’s been expected for some time: That an ongoing campaign to curtail credit is putting the […]

July 11, 2018

Less than a week into the trade war with China, President Trump is already thinking about levying more tariffs against goods imported from that nation to the U.S. The White House said it was considering additional tariffs of 10% on […]

July 10, 2018

Tesla has hiked the prices of its cars in China by about 20% after getting caught in the crossfire of the trade clash between Washington and Beijing. The move by the electric car maker follows China’s decision to slap new […]

July 6, 2018

WASHINGTON — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite the start of a trade war with China. The Labor Department said Friday that the unemployment rate rose […]

July 3, 2018

A full-blown trade war would punch a hole in global economic growth because of reduced trade volume, supply chain disruptions, and lost confidence. Quantifying just how much damage an entrenched trade battle could wreak upon the international community is a […]

June 26, 2018

The gloom is deepening for Chinese stocks. The benchmark Shanghai Composite slid into bear market territory on Tuesday, closing more than 20% below its recent high in January. The index fell 0.5% on the day. Chinese stocks have come under […]

June 25, 2018

A new measure set to be implemented by the US Treasury Department could further deepen the growing gulf between the US and China when it comes to their trade relationship. According to a Wall Street Journal report on Sunday, the […]

June 25, 2018

Global stock markets sank Monday and oil prices were mixed amid simmering worries about U.S.-Chinese trade tensions. KEEPING SCORE: In early trading, Germany’s DAX fell 1 percent to 12,456.28 and London’s FTSE 100 gave up 0.9 percent to 7,613.16. France’s […]

June 22, 2018

Trade war concerns have weighed on U.S. equity markets, but Chinese stocks are bearing the brunt of the international tension. China’s large-cap ETF, the FXI, just posted its 11th straight session of losses for the first time since 2012 as […]

June 21, 2018

As the prospect of a trade war threatens to divide the world, a unified front is forming in global markets. It’s just not the type any risk-seeking investor wants to see. A Morgan Stanley gauge that monitors the correlation between […]

June 15, 2018

President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade with Beijing and triggering losses in the domestic stock market. The Trump administration is […]

June 4, 2018

Global gross domestic product (GDP) growth could take a hit to the order of around one percent if tariff threats escalate into a trade war, S&P Global’s chief economist forecast Monday. It may not be a global recession, but “one […]

June 1, 2018

The consequences of the Trump administration’s steel and aluminum tariffs are already being felt across global markets. But the makers of one iconic American product say they stand to suffer more than most — bourbon whiskey distillers. The European Union […]

May 21, 2018

Global stock markets rose on Monday as the United States and China put a trade war on hold, clearing some uncertainty for investors. KEEPING SCORE: Britain’s FTSE 100 was up 0.6 percent at 7,823 and France’s CAC 40 rose 0.5 […]

May 3, 2018

China is signaling that it won’t back down from a trade battle with President Donald Trump and the US. In an interview with Bloomberg, the CEO of one of the largest soybean processors in the world said China has effectively […]

April 10, 2018

Global markets are higher as investors watch developments in the simmering trade dispute between the U.S. and China. KEEPING SCORE: France’s CAC 40 gained 0.7 percent to 5,300.12 in early trading, while Germany’s DAX added 1.1 percent to 12,397.45. Britain’s […]

April 6, 2018

To quote Will Ferrell in the hit movie Anchorman, “Boy, that escalated quickly.” On Friday, China’s Commerce Ministry said it would fight “at any cost” new $100 billion tariffs proposed by U.S. President Donald Trump, indicating Beijing’s resolve to respond […]

April 4, 2018

Washington (CNN)President Donald Trump on Wednesday tried to tamp down economic anxieties over tariffs recently announced by China and the United States. “We are not in a trade war with China, that war was lost many years ago by the […]

March 30, 2018

President Donald Trump fell into a familiar pattern during the month of March, announcing tough trade actions and eventually backing off the most damaging possibilities when allies raised concerns. The moves have seemed to produce to produce some results: South […]