White House officials moved quickly to calm fears
of a potential trade war with China, saying the administration's proposed tariffs were a «threat» that would ultimately help, not hurt, the United States economy, hours after China said it would punish American products with similar levies.
WASHINGTON — White House officials moved quickly on Wednesday to calm fears
of a potential trade war with China, saying the administration's proposed tariffs were a «threat» that would ultimately help, not hurt, the United States economy, hours after China said it would punish American products with similar levies.
President Trump announced tariffs on steel (25 %) and aluminum (10 %), and engaged in trade rhetoric sparking fears
of a potential trade war.
Markets have been roiled by worries over talk
of a potential trade war and a sell - off in tech stocks.
Investors are concerned about the negative implications
of a potential trade war, the effect of privacy breaches at social media companies, and the magnitude of Federal Reserve (Fed) rate increases in 2018.
The move came in retaliation to the Trump administration's decision to implement tariffs on aluminum and steel tariffs and stirred fears
of a potential trade war.
All of which sounds very much like the escalation
of a potential trade war between the world's economic superpowers.
U.S. stocks fell sharply on Thursday, pressured by worries
of a potential trade war and a decline in tech shares.
House Speaker Paul Ryan, who did not sign the Committee's letter, this week said he was «extremely worried «about the consequences
of a potential trade war.
European equities closed lower Tuesday amid continued fears
of a potential trade war and regulation for the technology sector.
Meanwhile, fears
of a potential trade war breaking out following recent moves from the U.S. that would implement tariffs on up to $ 60 billion worth of Chinese imports have also not alleviated the situation.
Markets have been on edge in recent sessions amid concerns
of a potential trade war between China and the U.S.. On Wednesday, China announced fresh tariffs on 106 U.S. products, including cars, whiskey and soybeans — less than 24 hours after the U.S. administration issued a list of Chinese imports that it would target.
European equities finished Tuesday's session slightly higher, as investors appeared to shrug off concerns
of a potential trade war and uncertainty following Italy's election result.
The move was condemned by world leaders and sent global markets tumbling amid fears
of a potential trade war.
Trade partners, namely the European Union, Brazil and Turkey, have promised to retaliate if such tariffs are put forward, raising fears
of a potential trade war.
And, when asked about the impact
of potential trade war escalation, Cook seemed surprisingly sanguine about the state of U.S. - China relations.
Not exact matches
In the face
of a continuous stream
of headlines about a
potential trade war between the United States and China, one technology CEO has called for collaboration between the world's two largest economies.
«Thus, the risks
of potential «
trade wars» and the
potential negative impact on the global economy and on oil demand if these risks do materialise should constitute a serious concern for OPEC,» the authors argue.
Duvvuri Subbarao, former governor at the Reserve Bank
of India, speaks about how a
potential trade war will impact the world's second most populous nation.
With President Donald Trump due to arrive in Germany later on Thursday, a lawmaker in the country has voiced concerns over a
potential trade war between the U.S. and Europe as a result
of Trump's protectionist policies.
Marc Chandler, head
of fixed - income strategy at Brown Brothers Harriman, said he does not see the
potential tariffs as the start
of a
trade war, but the move would be a volley that could have implications for global
trade.
Of course, some of the rise could be also be attributable to the general market optimism on Tuesday after China appeared more conciliatory about a potential trade wa
Of course, some
of the rise could be also be attributable to the general market optimism on Tuesday after China appeared more conciliatory about a potential trade wa
of the rise could be also be attributable to the general market optimism on Tuesday after China appeared more conciliatory about a
potential trade war.
In March, equities were under pressure after concerns
of tougher regulation on tech companies as well as over fears
of a
potential global
trade war.
Pecan growers and suppliers are hoping to sell U.S. consumers on the virtues
of North America's only native nut as a hedge against a
potential trade war with China, the pecan's largest export market.
Despite a heightened level
of political uncertainty, a
potential US - led
trade war against China and fraught Brexit negotiations, companies have embarked on an unprecedented number
of big acquisitions this year.
SARA EISEN: Stan, how do — what do you think when you read some
of the headlines every day on
trade and the president's tactics and the
potential for a
trade war?
My colleague Kim Iskyan has been warning
of the
potential for a
trade war between the U.S. and China for 18 months now (you can read his previous alerts here and
My colleague Kim Iskyan has been warning
of the
potential for a
trade war between the U.S. and China for 18 months now (you can read his previous alerts here and here... and subscribers to The Churchouse Letter will know that his investment recommendation to take advantage
of this escalating mercantilist skirmish is up nearly 100 percent.
Hefty U.S. fiscal stimulus and the risk
of trade wars create a wider array
of potential...
«The general sentiment in equity markets has certainly shifted to one
of caution, so I think today is one
of those days where the news certainly wasn't new by any stretch, but the
potential that this protectionist rhetoric will eventually spill into something a little more widespread in terms
of a
trade war continues to worry equity markets.»
But, he added, «there is the
potential of a
trade war.»
According to two officials, Trump's decision to launch a
potential trade war was born out
of anger at other simmering issues and the result
of a broken internal process that has failed to deliver him consensus views that represent the best advice
of his team.
Top
of the risk charts was the US's new - found protectionism, with
trade tariffs having the
potential to batter investor confidence — especially if the US's
trading partners, rather than adopting a mollifying stance, choose instead to meet fire with fire by launching an all - out
trade war.
Hefty U.S. fiscal stimulus and the risk
of trade wars create a wider array
of potential outcomes — both positive and negative — with implications for financial risk premia.
But there is the
potential of a
trade war.»
Though California's overall economy is less dependent on exports than those
of many states, the California counties most likely to be harmed by the
potential emerging
trade war with China include many that are already struggling economically.
Even though investors seemed to lose momentum toward the end
of the session on Monday, positive comments from Chinese officials succeeded in easing fears about a
potential trade war, and that helped refocus most market participants on the impending start to earnings season.
Some economists see less
potential for a
trade war: «I don't think it will spiral out
of control,» said Thea M. Lee, president
of the Economic Policy Institute.
This was followed by Treasury Secretary Steven Mnuchin implying that «there is
potential of a
trade war» in his interview with CNBC on the situation.
«There is the
potential of a
trade war,» Mr. Mnuchin said Friday on CNBC.
The manager, Justin Tugman, says that a combination
of higher interest rates and faster inflation bodes well for value strategies, and a
potential trade war would «only add fuel to the fire.»
In this politics day edition
of River to River we talk about the
potential political fallout
of the brewing
trade war between the U.S. and China.
The new US administration's policies,
potential trade wars and the rise
of Asia are Read more...
Hefty U.S. fiscal stimulus and the risk
of trade wars create a wider array
of potential outcome...
Global stocks rebounded amid speculation that some countries might be exempt from
potential U.S.
trade tariffs, but China's warning
of a «justified» response reminds investors that the spectre
of a global
trade war has not yet faded.
The
potential for a
trade war with China is already complicating some key Senate races ahead
of the November midterms, especially for Republicans hoping to expand their majority.
However, we also believe that market volatility could remain heightened throughout the year due to the increased risk
of a
trade war with China, uncertainty around the approaching mid-term elections, the
potential for increased regulation
of large technology companies, and increased investor wariness
of market valuations in the midst
of the elongated bull market cycle.
The news concerning forecasted Fed rate hikes, inflation projections, and a
potential trade war with China have shaken up the markets since February
of this year.
Right now I'm focused on growing revenue instead
of cutting costs / expenses Troy @ Bear Market recently posted... How Trump's
potential trade war will impact the U.S. stock market
US companies continue to grow earnings, but it remains to be seen if the
potential negative effects
of a
trade war with China will negate the generally positive net impact
of the tax cuts.