Top US economic officials were to meet on Friday with Chinese President Xi Jinping as the sides aim to wrap up trade talks in Beijing with enough goodwill to extend a truce in their tariff war. The world’s two biggest economies are seeking an accord to bridge their deep trade differences, after President Donald Trump […]
Hong Kong: HANG SENG INDEX (.HSI) optimism over U.S.-China trade talks and a new deal to avoid a government shutdown Investors were caught by surprise by a report showing that U.S. retail sales fell by 1.2% in December, the largest single-month decline since 2009 and well below the flat growth expected by economists polled by MarketWatch. […]
Shanghai: SSE Composite Index (.SSEC) China and the U.S. are trying to strike a deal before March 2 High-level trade talks between the U.S. and China are underway in Beijing. Stocks in Asia were mixed on Thursday as investors looked for progress in the months-long tariff dispute. There were reports that U.S. President Donald Trump may be […]
Australian Dollar: USD/AUD (AUD=X) lifted by fresh hopes of U.S.-China breakthrough The Australian Dollar rose Thursday as markets cheered fresh signs the White House could be willing to extend trade negotiations with China past a March 01 deadline, although new forecasts from UBS and Commonwealth Bank of Australia (CBA) suggest things are already about as good as they’ll get […]
US and Chinese negotiators began trade talks Thursday that President Trump says will help decide whether he escalates a fight over Beijing’s technology ambitions by raising tariffs on $200-B of imports from China. The chief American envoy, Trade Representative Robert Lighthizer, and his Chinese counterpart, Vice Premier Liu He, shook hands at the start of […]
US and Chinese negotiators are set to kick off two days of official trade talks in Beijing Thursday as the world’s top two economies try to patch up their festering economic dispute. Pressure to seal an accord ahead of a March deadline lessened before the talks as US President Donald Trump indicated Tuesday in Washington […]
Higher risk appetite and improved sentiment bolstered stocks in China and Hong Kong: HANG SENG INDEX (.HSI) Higher risk appetite and improved sentiment bolstered stocks in China and Hong Kong on Wednesday, as all benchmark indexes staged a mini rally. The Hang Seng Index rose to a near six-month high, boosted by investors who are […]
Shanghai: SSE Composite Index (.SSEC) positive sentiment on the U.S.-China trade front Major stock markets in Asia closed higher on Wednesday amid positive sentiment on the U.S.-China trade front. The mainland Chinese markets were higher on the day. The Shenzhen component rose 2.012 percent to close at 8,171.21 and the Shenzhen composite gained 1.872 percent […]
Australian Dollar: USD/AUD (AUD=X) market sentiment has been boosted over the past 24 hours by some more encouraging news on US-China trade negotiations The Australian dollar rebounded from six-week lows on Tuesday as the rally in the greenback fizzled. Optimism towards a potential trade deal between the US and China, so often seen whenever high-level […]
President Trump said the 1 March deadline for US-China trade deal, “If we’re close to a deal where we think we can make a real deal and it’s going to get done, I could see myself letting that slide for a little while, but generally speaking, I’m not inclined to do that.” Financial markets for […]
Hong Kong: HANG SENG INDEX (.HSI) investors had recoiled from making further big bets ahead of news from US-China trade negotiations in Beijing later this week China’s benchmark stock indexes were trading flat on Tuesday morning after starting the Lunar New Year strong on Monday, while Hong Kong shares opened lower. Traders said that after […]
Dow Jones Industrial Average (.DJI) falls as investors eye progress in this week’s renewed U.S.-China trade talks Stocks were mixed on Monday, Feb. 11, as investors eyed progress in this week’s renewed U.S.-China trade talks. U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer arrived in Beijing for trade talks Sunday that will focus […]
Apple Inc. (NASDAQ:AAPL) Weak Demand in China for iPhones Apple Inc. was little changed on Monday as investors looked past a report its smartphone shipments plummeted in China in the final quarter of 2018, suggesting that issue, a major headwind over the past several months, is priced into the stock for now. The stock briefly dipped as […]
US and Chinese officials expressed hopes Monday that a new round of talks would bring them closer to easing their 7-month trade dispute The world’s 2 largest economies are working to hammer out a deal before the 1 March deadline, after which US tariffs on $200-B worth of Chinese imports are scheduled to increase to 25% […]
Hong Kong: HANG SENG INDEX (.HSI) market is hoping US-China trade talks will at least yield an extension of March 1 deadline A 7.6 per cent year-on-year increase in domestic tourism during the Lunar New Year holiday failed to boost stocks on the first day of trading in the Year of the Pig in mainland […]
Singapore: STI Index (.STI) traders watching for developments of next round of US-China talks Asian stocks were mixed on Monday as traders watched for developments on a fresh round of trade talks with the United States this week in Beijing. Markets in China and Taiwan, reopening after a weeklong Lunar New Year break, edged higher […]
NASDAQ Composite (.IXIC) positive corporate results offset lingering scepticism over the United States and China reaching a trade deal The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day losing streak on Friday as positive corporate results offset lingering scepticism over the United States and China reaching a trade deal before […]
US negotiators were in Beijing on Monday for another round of talks on a trade deal with the clock ticking towards a March 1 deadline set by President Donald Trump. Preliminary discussions by lower-level officials were to be held, before US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin step in for the main […]
Shanghai: SSE Composite Index (.SSEC) bullish mood that was starting to build in China will be tested The bullish mood that was starting to build in China will be tested when markets reopen Monday as concern over the U.S. trade relationship resurfaces. For clues on how investors may react, look to Hong Kong, where Chinese […]
With a March 1 deadline fast approaching, US and Chinese officials resume negotiations next week to prevent escalation of a trade dispute that has major implications for the global economy. China’s economy already has shown signs of slowing, while the trade war has shaken the confidence of US businesses, as retaliatory tariffs have raised prices […]
Tesla, Inc. (NASDAQ:TSLA) start taking orders in China U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing. After gaining a significant foothold in the United States, […]
US President Trump is optimistic about the prospect of a trade deal with the Chinese after the “good vibe” of negotiations this week, a top White House adviser said Friday. “The talks on Wednesday and Thursday in general had what I call a good vibe,” White House National Economic Council director Larry Kudlow said Friday in […]
United States Oil (USO) Sanctions On Venezuela Could Be An Energy Windfall For India And China Oil sanctions imposed by the U.S. on Venezuela earlier this week could prove to be an energy windfall for India and China. The Trump Administration announced sanctions against Venezuela’s state-owned oil company, Petróleos de Venezuela, S.A., or PDVSA, targeting […]
Alibaba Group Holding Limited (NYSE:BABA) Shares have surged this month as investors grow more optimistic about online spending in China Shares of Alibaba and smaller rivals have surged in January, as investors grew more optimistic about online spending in China.What’s Happening Alibaba, the Chinese e-commerce titan, jumped 6.3% to $166.82 in New York on Wednesday. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US President Trump to Meet with China’s President Xi to Seal US-China Trade Deal Thursday, President Trump said he will meet with Chinese President Xi soon to try to seal a comprehensive trade deal as the top US trade negotiator reported “substantial progress” in 2 days of high-level talks. President […]
Shanghai: SSE Composite Index (.SSEC) official data from China showing that the Chinese economy contracted for the second month Major stocks in Asia closed mixed on Thursday on the back of official data from China showing that the Chinese economy contracted for the second month in a row in January. The mainland Chinese markets ended […]
Hong Kong: HANG SENG INDEX (.HSI) renewed US-China tensions Stocks in Asia were mostly lower on Tuesday as fresh concerns over a slowing Chinese economy and renewed trade tensions weighed on investor sentiment. Mainland Chinese markets slipped as investors kept an eye on Beijing’s ongoing trade war with Washington. The Shanghai composite declined 0.1 percent to close […]
After undertaking an in-depth study of China, Jim Rogers, an international investor who started his career in the financial industry in 1980 and has become one of the world’s most renowned investors, said that China is the only country in the world that has experienced multiple periods of prosperity and that “the 21st century belongs […]
$GLD Indian discounts shrink; dealers eye import duty announcement China premiums at $9.50-$11.50 oz Festival buying picks up in Singapore Demand for physical gold in India improved last week as local prices eased from their highest level in over 5 years, while buying gathered steam in China ahead of the Lunar New Year festival. Dealers […]
Thursday, White House economic adviser Larry Kudlow said that the upcoming trade talks between the United States and China will be Key in determining whether the globe’s 2 largest economies can reach a deal on trade. Chinese Vice Premier Liu He will meet with US Trade Representative Robert Lighthizer in Washington on 30-31 January. “I think […]
China’s economic growth of 6.5% in the past quarter was the weakest since the financial crisis and is expected to slow further. How are emerging domestic and global trends affecting China’s economic outlook? Did you know: China’s GDP growth is slowing from 6.6% last year to a projected 6.3% this year. Background reading: Is a […]
Chinese consumers should outspend their American counterparts in 2019, with retail sales in the Asian giant continuing to grow in the coming years, according to an industry forecast published Wednesday. Retail sales in China are expected to hit $5.64 trillion, an increase of 7.5 percent over 2018, while Americans are likely to spend $5.53 trillion, […]
Hong Kong: HANG SENG INDEX (.HSI) uncertainty over US-China trade talks Major stock markets in Asia ended mixed on Wednesday amid concerns over the state of ongoing U.S.-China trade negotiations, after reports emerged that the White House canceled a trade planning meeting with Beijing this week. The mainland Chinese markets, closely watched in relation to […]
China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said Wednesday. Mounting US trade tariff pressure on the world’s 2nd-biggest economy pushed growth last year to its lowest since Y 1990 even as Beijing stepped up stimulus measures […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Fake News: reports of canceled trading meeting with Chinese officials untrue, there was No meeting planed to cancel. “The big meeting that everyone’s moving towards will be Vice Premier Liu He is coming at the end of the month, as I think everybody knows. That will be a very important […]
Singapore: STI Index (.STI) shares decline on concerns China slowdown Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was […]
Australia: S&P/ASX 200 (.AXJO) set to open higher on hopes that the US and China are moving to resolve their trade dispute Australian shares are set to open higher on hopes that the US and China are moving to resolve their trade dispute. ASX futures were up 43 points. US markets will be closed Monday […]
Hong Kong: HANG SENG INDEX (.HSI) bets of US/China trade progress Australian shares are set to open higher on hopes that the US and China are moving to resolve their trade dispute. ASX futures were up 43 points. US markets will be closed Monday for a holiday. The Australian dollar slipped 0.4 per cent. Wall […]
The US is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal, and could again resort to tariffs if it deems Beijing has violated the agreement. A continuing threat of tariffs hanging over commerce between the world’s 2 largest economies would mean a deal would not […]
$DIA, $SPY, $QQQ, $RUTX, $VXX INDUSTRY WATCH Strong: Industrials, Materials, Financials, Consumer Discretionary Weak: Utilities, Real Estate China’s willingness to eliminate the US trade imbalance. According to a report Friday, China made an offer during trade negotiations earlier this month to boost the amount of US imports, such that the trade balance with the US would be […]
Dow Jones Industrial Average (.DJI) end higher after report says U.S. considering easing China tariffs Stocks extended their win streak to three days Thursday after The Wall Street Journal reported that the Trump administration was debating whether to ease tariffs on Chinese imports in a bid to calm markets and ease tensions with Beijing. How […]
NASDAQ Composite (.IXIC) optimism over a resolution to the trade war between the United States and China Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain’s membership in the European […]
Dow Jones Industrial Average (.DJI) President Trump Predicts New Trade Deal with China U.S. stocks pared losses Monday morning after President Donald Trump predicted the United States would soon reach a comprehensive trade deal with China. The Dow Jones Industrial Average fell by as much as 230 points Monday morning, an extension of a volatile […]
Alibaba Group Holding Limited (NYSE:BABA) concerns about an economic slowdown in China Shares of Alibaba dipped just before market close Monday following a Wall Street Journal report citing President Michael Evans’ concerns about an economic slowdown in China. The stock closed 1.35 percent down after trading up for most of the day. “China has slowed down,” Evans said during […]
$DIA, $SPY, $QQQ, $RUTX, $GLD, $VXX Trade tensions should not disturb your portfolio’s peace of mind. To help prevent your portfolio from becoming “trade war collateral,” consider diversifying your assets to minimize exposure. Assets like physical Gold and Silver are historically known to perform well during turmoil in such dust ups. Recently, Jim Cramer urged investors frightened […]
Tesla, Inc. (NASDAQ:TSLA) Breaks Ground for Gigafactory in China A number of auto companies reported sales figures for 2018 in the past week. Favorable economic conditions, along with growing consumers’ appetite for spacious vehicles, aided the industry to record annual new-vehicle sales of 17.27 million in 2018, marking a yearly increase of 0.3%. Buyers continued […]
Singapore: STI Index (.STI) market settles after rallying on US-China trade hopes Asian markets were mostly lower Thursday as U.S. and Chinese officials wrapped up three days of talks in Beijing without significant breakthroughs. Japan’s Nikkei 225 index, which closed up 1.1 percent on Wednesday, retreated 1.4 percent to 20,141.93. The Kospi in South Korea […]
Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress” The Australian Dollar was rose broadly Thursday in response to claims the U.S. and China are moving close toward a deal that will end the “trade war” between the two, which came ahead of retail sales figures for November. Chinese officials said […]
United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market The U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market this year, according to Suhail Al Mazrouei, the Energy Minister of the United Arab Emirates (UAE), […]
NASDAQ Composite (.IXIC) optimism over signs of progress in U.S.-China trade talks U.S. stocks rose for a fourth straight day on Wednesday, as gains in energy and technology stocks added to optimism over signs of progress in U.S.-China trade talks. The S&P technology index rose 1.07 percent, boosted by Microsoft Corp, Apple Inc and chipmakers. […]
Shanghai: SSE Composite Index (.SSEC) optimism around the United States and China moving closer to a trade deal China stocks closed higher on Wednesday on optimism around the United States and China moving closer to a trade deal, and Beijing encouraging consumer spending amid economic slowdown. The blue-chip CSI300 index ended up 1.0 percent at […]
UK FTSE 100 (.FTSE) optimism around the continuing trade talks between China and the U.S. helped London markets were up on Wednesday, as optimism around the continuing trade talks between China and the U.S. helped lift stocks. The FTSE 100 has gained 2.6% so far this year, easing investor worries that the falls seen in […]
Apple Inc. (NASDAQ:AAPL) China sales are dragging on revenue due to the trade war For the first time in 16 years, Apple (AAPL) pre-released guidance on earnings – and it’s not good. In a letter to shareholders, CEO Tim Cook issued lower earnings guidance for the quarter. Revenue was anticipated to be ~$92 billion for the […]
President Trump expressed optimism that US-China trade talks in Beijing are progressing well. Chinese authorities to give a statement following the latest round of negotiations. “Talks with China are going very well!” President Trump tweeted on Tuesday as the 2nd day of mid-level meetings wrapped up. While the hosts indicated the talks would run Monday and Tuesday, […]
Dow Jones Industrial Average (.DJI) investors watched for further signs of a thaw in the protracted trade dispute between the U.S. and China U.S. stocks on Monday closed higher, building on Friday’s powerful rally, as investors watched for further signs of a thaw in the protracted trade dispute between the U.S. and China — a […]
Tesla, Inc. (NASDAQ:TSLA) company kicked off the construction of its first overseas Gigafactory in Shanghai, China Tesla shares rallied almost 2% early Monday after the company kicked off the construction of its first overseas Gigafactory in Shanghai, China. CEO Elon Musk gave a speech at the site of the planned $US2 billion factory in the Lingang […]
US officials entered a second day of trade talks with Chinese counterparts in Beijing on Tuesday, overshadowed by an unannounced visit from North Korean leader Kim Jong Un. This is the first time the two sides have met face-to-face since US President Donald Trump and President Xi Jinping agreed to a tariff truce during a […]
Shanghai: SSE Composite Index (.SSEC) bulls are hoping that the U.S. and China can come to a trade agreement U.S. stock indexes took confident steps forward as tariff talks began in China. Negotiators are meeting in Beijing in an attempt to end a nine-month standoff on trade. The Nasdaq rambled 1.4% higher, while the S&P […]
Tesla, Inc. (NASDAQ:TSLA) China factory could significantly reduce production costs Tesla Inc. is set to break ground on its first gigafactory outside the U.S. “Looking forward to breaking ground on the @Tesla Shanghai Gigafactory today!” Chief Executive Elon Musk tweeted Monday, Shanghai time. “Aiming to finish initial construction this summer, start Model 3 production end […]
President Trump is expressing optimism about trade negotiations with China as US officials are expected in Beijing for talks aimed at easing a trade dispute. President Trump spoke recently to Chinese President Xi Jinping Sunday, saying: “I really believe they want to make a deal. The tariffs have absolutely hurt China very badly.” After several […]
President Donald Trump said Friday he is confident Washington and Beijing will reach a deal to bring to a close the months-long trade dispute that has roiled global financial markets. “I think we will make a deal with China,” Trump said at the White House, and noted that talks are underway with China “at the […]
President Xi Jinping hailed China’s “reconstructive reforms” in a New Year speech, but the sorely needed changes could be put on ice in favour of averting a potentially devastating economic downturn. The way ahead is further complicated by a volatile trade dispute with the United States that — if unresolved — will add to the […]
China Mobile Limited (NYSE:CHL) 2019 Back to $100 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 52.47. The projected upper bound is: 55.78. The projected lower bound is: 39.66. The projected closing price is: 47.72. Candlesticks […]
Leather riding boots are neatly lined up on a carpet, a picture shows blood-thirsty hounds on a fox hunt and a fountain spews water from the mouths of stone horses. It may have the trappings of upper-class Britain, but this is in fact suburban Shanghai and the County Down Club, the self-styled first exclusive membership […]
Australian Dollar: USD/AUD (AUD=X) sensitive to the US/China trade relations Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.72. The projected upper bound is: 0.72. The projected lower bound is: 0.69. The projected closing price is: 0.71. Candlesticks A black body occurred (because prices closed lower […]
Shanghai: SSE Composite Index (.SSEC) China’s central bank decided to keep short-term borrowing rates steady The mainland Chinese markets were mixed on the day, with the Shanghai composite slipping 0.52 percent to close at about 2,536.27 and the Shenzhen composite recovering from earlier losses to end the trading day up by 0.202 percent at around […]
Alibaba Group Holding Limited (NYSE:BABA) negative economic conditions in China are weighing it down Alibaba’s (NYSE:BABA) revenue growth story has seemed impossibly good these past few years. The slowdown in China’s economy has presented a slight bump in the road for the company. But thankfully for Alibaba investors, its off-quarters are still much better than most companies’ […]
Hong Kong: HANG SENG INDEX (.HSI) hit by a double whammy of policy disappointment in China Hong Kong stocks slipped on Tuesday, hit by a double whammy of policy disappointment in China and depressing share prices across the region. The Hang Seng index fell 1.1 percent to 25,814.25, while the Hang Seng China Enterprises index […]
US and China plan to hold meetings in January to negotiate a broad truce in their trade dispute, that according to Treasury Secretary Steven Mnuchin. Secretary Mnuchin, speaking in a roundtable interview Tuesday said the 2 sides had held several phone conversations in recent weeks and were in the process of planning the formal face […]
Tesla, Inc. (NASDAQ:TSLA) will cut prices in China by 25 per cent Nio, known as a Tesla challenger in mainland China, has stepped up a gear to consolidate its foothold in the mainland’s electric vehicle (EV) market, launching its second model targeting a broader customer base. William Li Bin, chairman and founder of the Shanghai-based […]
Singapore: STI Index (.STI) index falls on weak China data Most Southeast Asian stock markets closed lower on Friday after a set of weak data from the region’s biggest trade partner China signalled at concerns around global economic slowdown and apprehensions over Washington and Beijing’s trade negotiations. China’s November retail sales grew at the weakest […]
President Donald Trump on Friday predicted a major US-China trade deal in the near future, saying that Beijing’s negotiating position had been weakened by the impact of the tariffs war between the world’s top two economies. “China wants to make a big and very comprehensive deal. It could happen, and rather soon!” Trump tweeted. His […]
President Donald Trump, saying China admits the trade war with the U.S. has taken a toll on its economy, announced the Chinese now want to make a major deal with the White House. President Trump’s comments came in a Friday Tweet. He wrote: “China just announced that their economy is growing much slower than anticipated because […]
Dow Jones Industrial Average (.DJI) lack of improvement in trade relations between the U.S. and China U.S. stock index futures dropped for a second day as a lack of improvement in trade relations between the U.S. and China gave investors little reason to buy after equities languished in New York Thursday. March futures slid as […]
The arrest of a top Chinese tech executive at the request of the US has snared Canada in the middle of a major international dispute involving Beijing and Washington. Ottawa confirmed on Thursday that China had detained two Canadian nationals under what Beijing has said is suspicion of threatening its national security. That came nearly […]
Thursday, the White House National Trade Council Director Peter Navarro urged people not to get “hung up” in the day-to-day news of what China says it plans to do, following reports the country is preparing a new policy that will promise greater access for foreign countries. “I would focus on March 1, when we’ll have […]
NASDAQ Composite (.IXIC) China planning to increase access for foreign firms U.S. stocks rose 1 percent on Wednesday, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fueled by President Donald Trump’s upbeat comments on trade. Beijing is working to replace its Made in China […]
Dow Jones Industrial Average (.DJI) US-China trade optimism Stocks rose Wednesday as signs of thawing trade tensions helped lift the mood on Wall Street following a bruising few weeks for global markets. The Dow Jones Industrial Average gained 0.65%, paring sharp gains that had earlier lifted the index as much as 400 points. The Nasdaq […]
Singapore: STI Index (.STI) Investors betting on hopes that U.S.-China tensions will ease Singapore and Malaysia shares snapped a six-session losing streak Wednesday as banking stocks climbed on the back of broad Asian equities rally as investors bet that U.S.-China tensions will ease. The Straits Times Index closed up 1.3% at 3099.99 and the FBM […]
UK FTSE 100 (.FTSE) reports that trade talks between China and the US are going well US stocks got off to a flyer, encouraging the Footsie to cement its position above 6,800. The FTSE 100 was up 122, or 1.82%, at 6,845, while in the US the Dow was up 273 points (1.12%) at 24,693 […]
Shanghai: SSE Composite Index (.SSEC) China agreed to reduce tariffs on U.S. autos Japan’s benchmark Nikkei 225 added 1.7 percent in early trading to 21,501.95. Australia’s S&P/ASX 200 edged up 0.8 percent to 5,618.70. South Korea’s Kospi was up nearly 1.0 percent at 2,073.20. Hong Kong’s Hang Seng added 1.5 percent to 26,166.63, while the […]
$DIA, $SPY, $QQQ After a Twitter monologue about the border Wall Tuesday morning, President Donald Trump offered hints of good news about US negotiations with China. “Very productive conversations going on with China! Watch for some important announcements! The trade truce between Presidents Trump and Xi will halt pause 1 January planned tariffs, with large […]
Singapore: STI Index (.STI) Investors stay wary amid uneasy truce between U.S.-China over simmering trade spat Malaysia and Singapore shares fell for the sixth straight day and trading volume tapered as investors retreated to the side lines awaiting fresh cues from a simmering trade spat between the U.S. and China. Great Eastern Holding slipped 1.1% […]
China and the United States discussed the road map for the next stage of their trade talks early Tuesday, during a telephone call between Vice Premier Liu He and US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer. This month in Argentina, Presidents Trump and Xi agreed to a truce that delayed the planned […]
President Donald Trump wants to a trade deal that will be good for the United States, China, and global growth, White House Council of Economic Advisers Kevin Hassett said Monday. The stock market responded, bouncing off its lows. “If a country came to the US right now and offered Zero tariffs, Zero non-tariff barriers, full […]
A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple, according to a Qualcomm statement Monday. The statement said the Fuzhou Intermediate People’s Court had granted Qualcomm’s request for two preliminary injunctions against four subsidiaries of Apple, ordering them to immediately to stop […]
Chinese Vice Foreign Minister Le Yucheng told US Ambassador Terry Branstad that the United States has made an “unreasonable demand” on Canada to detain Ms. Meng while she was passing through Vancouver, China’s Foreign Ministry said. “The actions of the US seriously violated the lawful and legitimate rights of the Chinese citizen, and by their […]
China’s trade surplus with the United States ballooned to a record $35.6 billion in November, official data showed Saturday, as exports across the Pacific remained strong despite a raft of US tariffs while imports shrank. Relations between the world’s top two economies continue to be tense despite a trade war truce struck between US President […]
China Feels the Pain as Exports, Imports Shrink, Markets Collapse $SOY, $USD, $UNG China has reported weaker than expected November exports and imports, showing slower global and domestic demand and raising the likelihood that more measures to keep the country’s growth rate from slipping too much will be put in place. November exports only rose […]
$5-B in Tariffs Collected in October From US-China Trade Dispute On Thursday and again on Friday, President Trump Tweeted that talks with China are going well. According to the data, the tariffs which are often paid by importers, who then pass the added costs onto companies to whom the products belong are may fall on the shoulders of […]
Huawei Issue Will Not Harm US Trade Talks With China Huawei CFO Meng Wanzhou bail hearing underway in Vancouver The White House economic adviser Larry Kudlow said Friday that he does not see the controversy surrounding China’s Huawei Technologies Co. Ltd. (a private company) spilling into the trade talks between the United States and China. […]
Tesla (NASDAQ:TSLA): China is Key to Its Future $TSLA, $GM, $F, $VLKAY, $HMC, $TM China is Key to Tesla’s future, and so it is not surprising that the US-China trade dispute is hitting the company hard. China is Tesla’s largest market outside the US, accounting for about 10% of total revenue in the 1st 3-Q’s […]
China Confident it Can Make President Trump’s Trade Deal $USO, $SOY, $UNG Wednesday, China expressed confidence that it can reach a trade deal with the United States. The remarks by the Chinese Commerce Ministry from Beijing followed Presidents Trump and Xi declaring a truce in the trade dispute at a meeting in Argentina Saturday evening. […]
Dow Jones Industrial Average (.DJI) Wall Street’s enthusiasm for the US-China trade truce has completely vanished That was fast. Wall Street’s enthusiasm for the US-China trade truce has completely vanished. The Dow dropped 799 points, or 3.1%, on Tuesday. At one point, the index was down 818 points. The S&P 500 declined 3.2%, while the […]
China Working to Resolve Trade Differences ‘Quickly’ China is confidence that it can reach a trade deal with the United States very timely. Tuesday, US President Donald Trump warned that he would revert to more tariffs if the 2 sides cannot resolve their differences within the time frame set out Saturday. The Chinese Commerce Ministry […]
Trade Deal Will Have Rules China Must Obey President Donald Trump said US-China relations has taken a big step forward at the weekend after he and Chinese President Xi Jinping agreed to hold off on new tariffs, and urged Beijing to finalize a trade deal with Washington within the next 90 days. The trade deal […]
White House Hails China Trade Truce The Trump Administration is celebrating the 90-day truce it reached in its trade dispute with China as a significant breakthrough despite some skepticism that Beijing will yield to US demands anytime soon. “This is just an enormous, enormous event,” Larry Kudlow, President Donald Trump’s Top economic adviser, said of […]
China announced Tuesday stiffer punishments for serious infringers of intellectual property — including barring them from buying real estate or going on expensive holidays — as Washington clamours for action on the issue following a trade war truce. The National Development and Reform Commission, China’s state planner, along with 37 government departments, released a joint […]
Dow Jones Industrial Average (.DJI) China and the United States reached a temporary trade truce The ceasefire between the United States and China has set off a celebration on Wall Street. The Dow climbed 288 points, or 1.1%, on Monday. It was up 442 points earlier in the day. Investors were pleased that China and […]
President Trump Expects China to Act Immediately on Trade Issues, the Details The Trump Administration expects immediate action by China on trade issues after a deal reached by the countries’ leaders, including lower tariffs on automobiles and measures against intellectual property theft and forced technology transfers, a White House official said Monday. US President Donald […]