Protesters in Hong Kong threw Molotov Cocktails (gasoline bombs) and police fired tear gas Saturday in renewed clashes over anti-government grievances. Hong Kong is in the 4th month of sometimes violent protests that occur every weekend. They started with opposition to a proposed extradition law and have expanded to include demands for greater democracy. Most […]
President Trump is resday to significantly ramp up pressure on China if a trade deal is not agreed to soon, according to an outside adviser to the White House who called tariffs so far “low level.” In an interview in Hong Kong Thursday with the South China Morning Post, Michael Pillsbury said President Trump has been “remarkably restrained […]
Thursday, US Commerce Secretary Wilbur Ross said that trade uncertainty issues are giving China “real” structural problems, as the nation’s supply chains are starting to “hollow out.” “China is no longer really the cheapest place in the world to manufacture,” Secretary Ross said in a TV interview, adding the US does not know what China wants […]
A FedEx pilot was arrested in China and released on bail, the company said Thursday, amid an ongoing row with Beijing over the US firm’s delivery irregularities involving telecoms giant Huawei. Todd Hohn, a former US Air Force pilot, was arrested by Chinese authorities a week ago as he waited for a commercial flight in […]
Huawei will step up its presence in the global market for computer hardware, a top company official said on Wednesday, as the Chinese telecom giant weathers a US assault on its 5G network and smartphone business. Deputy chairman Ken Hu said the strategy is based on expectations that “incredible computing power” is going to be […]
Thousands of protesters clad in black masks, caps and shades to obscure their identity, ran through the streets of Hong Kong setting street fires and blocking roads in the heart of the city. Authorities moved quickly to douse the fires and police fired volleys of tear gas to disperse protesters, including in the bustling shopping […]
The tariffs on China have not had a significant effect on the United States’ economy, and will continue until or unless a solid trade deal is reached between the 2 countries, US Treasury Secretary Steven Mnuchin said Monday. “If we can get a good deal, a deal that is good for us, we will sign […]
On Thursday morning, 5 September,Chinese and US chief trade negotiators spoke on the phone call, China initiated the call, agreeing to hold the 13th round of high-level economic and trade talks in Washington in early October and maintain close communications going into that negotiation. The message, made public, lifted the stock markets in many countries, […]
The Trump Administration wants to see “near term results” from renewed US-China trade talks in October, White House economic adviser Larry Kudlow said Friday. Speaking on network TV, Mr. Kudlow confirmed that the top US and Chinese trade negotiators would meet in early October but a date certain had not been set. The 14-month US-China […]
According to The Trump Administration, America is winning the trade war with China. However, the Middle Kingdom’s economic machine may be slowing, but President Xi Jinping is unlikely to sue for peace anytime soon, at least not on terms acceptable to American interests. China’s economic system is antithetical to American democratic capitalism. Its buccaneer commercial policies flaunt the […]
Tuesday, President Trump said that trade talks between the United States and China were going well, though he warned that he would be “tougher” in negotiations if they dragged on until his 2nd term. “We are doing very well in our negotiations with China,” President Trump wrote on Twitter, arguing that Beijing could not afford […]
Rioters in Hong Kong at the weekend Saturday again resorted to escalating violence. They stormed government and legislative offices, threw petrol bombs at police and set fire to multiple locations including police HQ’s. Facing flagrant violent acts, the Hong Kong Special Administrative Region (HKSAR) government and the Hong Kong police took decisive measures to enforce […]
From penalising irresponsible dog owners to blacklisting dissenters, critics warn China’s social credit system enables authorities to define “desirable and undesirable behaviour” and could allow unprecedented control of citizen’s lives. The fledgling initiative has sparked fears the authoritarian state is tightening its grip on an already heavily monitored public, ensuring that only those strictly adhering […]
The United States began imposing additional tariffs on Chinese goods Sunday, but U.S. President Donald Trump said the sides would still meet for talks later this month. President Trump Tweeting, said his goal is to reduce US reliance on China and again urged American companies to find alternate suppliers outside China. This fresh round of […]
“We’re going to win the fight,” President Trump told reporters. “We are having conversations with China, meetings are scheduled, calls are being made. I guess the meeting in September continues to be on, it has not been canceled,” he said. The White House has not announced a date for that meeting. Tariffs kick in on […]
President Donald Trump said US and Chinese trade officials were due to hold discussions on Thursday, days before Washington is due to raise tariffs on billions in Chinese goods. “There’s a talk scheduled for today at a different level,” Trump told Fox News Radio, without elaborating. He rebutted prior news reports skeptical of his claims […]
President Donald Trump’s new tariffs on China are a “job killer,” US shoe companies warned Wednesday, pleading for them to be canceled. In a sharp deterioration in the US-China trade war, Trump last week ramped up the punitive duties for the vast majority of US imports from China. The five percent increases, which will take […]
Moving cargo ships into the slow lane, an idea French President Emmanuel Macron floated at the G7 summit in Biarritz, would be one way to cut maritime transport’s giant carbon emissions footprint. Here, AFP looks at how the debate took shape and is evolving: – Ecological impact – Shipping represents 2.3 percent of carbon dioxide […]
President Trump emerges from the G-7 Summit in France as the unchallenged Leader of the free world. Republican National Committee (RNC) Chairwoman Ronna McDaniel, praised President Donald Trump’s accomplishments, and said under his leadership, “America is finally leading again.” Her comments came in a Tweet Monday night She wrote: “Under @realDonaldTrump “We are standing up to China. […]
A former top US central banker leapt into the political fray on Tuesday, calling on the Federal Reserve to oppose President Donald Trump’s reelection effort next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said the Fed should not “enable” Trump’s escalating trade war with China by lowering […]
President Trump said Monday that China is taking a significant financial hit as a result of his escalating trade fight. “China has taken a very hard hit over the last number of months,” President Trump said, and they are likely ready to make a deal with the United States. President Trump noted that China had […]
President Trump has scaled back a US-China trade dispute partly blamed for a global economic slowdown, declaring Monday that the 2 sides will begin serious negotiations soon. President Trump said his trade negotiators had received 2 “very good calls” from China Sunday. He said the Sunday evening conversations were a sign China is serious about […]
Sunday, when President Trump said he had 2nd thoughts about escalating the trade dispute with China, he meant that he wished he had raised tariffs on Beijing even higher, the White House said. President Trump, who announced higher tariffs on Chinese goods last week, raised eyebrows during a meeting with UK PM Boris Johnson at […]
Saturday, Hong Kong protesters threw bricks and gasoline bombs at police, who responded with tear gas, as chaotic scenes returned to the 12 Summer-long anti-government protests for the first time in nearly 2 weeks. Hundreds of black-clad protesters armed with bamboo poles and baseball bats fought with police officers wielding batons on a main road […]
Australia’s prime minister yesterday urged nations in Asia to stand up for their ‘independence and sovereignty, with tensions high in the disputed South China Sea where Beijing is under fire for increasingly bullish behaviour. Scott Morrison’s comments came after the United States slammed China for its ‘escalation in the waterway, a key global shipping route […]
The Chinese Ministry of Commerce says that its new tariffs will be applied to more than 5,000 U.S. products in two phases. The first stage would come into effect on September 1 and the second one on December 15. China announced that it will impose additional tariffs worth 75,000 million dollars on imported products from the United […]
Hong Kong’s embattled leader Carrie Lam yesterday said she hoped ‘calm will prevail after a massive weekend march passed without clashes between police and demonstrators, but again refused to give ground to protester demands. Hundreds of thousands of people marched through the heart of the city on Sunday in a show of peaceful protest after escalating […]
Twitter and Facebook said Monday they had uncovered a campaign by China to use the social media platforms against pro-democracy protests in Hong Kong. “We are disclosing a significant state-backed information operation focused on the situation in Hong Kong, specifically the protest movement and their calls for political change,” Twitter said in an online post. […]
Chinese local authorities said on Monday that Guangxi Zhuang region in China foreign trade has reached USD37.51 billion in the starting 7 months of the current year, adding 23.8 percent year on year, according to Xinhua. The customs authorities of Nanning, the regional capital, said that the increase came as a 19.6 percentage points more […]
Hong Kong’s citizens are still waiting for the government to respond after an estimated 1.7 million people joined the city’s largest demonstration on Sunday, which ended peacefully and without any tear gas in the air. Entering its 11th week of demonstrations since June, which have at times caused chaos in the financial hub as masked […]
Beijing, August 18: Anti-China forces in the West have colluded with local anti-China elements to cause the prolonged unrest in Hong Kong, the Chinese official news agency Xinhua says in a detailed report. ‘Foreign nationals were seen meeting and talking with radical protesters. Recently, leaders of “Hong Kong independence” groups secretly met with officials of […]
“Get those foreign agents outta town”, roars a music video by a patriotic Chinese rap group, one of a slew of creative efforts by Beijing attacking Hong Kong’s pro-democracy movement as violent and spurred on by overseas governments. The rap video, overlaid with clips of protesters clashing with police and breaking into Hong Kong’s legislative […]
Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump’s chief economic advisor said Sunday. If teleconferences between both sides’ deputies pan out in the next 10 days “and we can have a substantive renewal of negotiations,” Larry Kudlow said on “Fox News […]
Sunday on TV, White House trade adviser Peter Navarro said he is optimistic about a trade deal with China because doing business deals is President Donald Trump’s strong suit. In a network TV interview, Mr. Navarro said he is optimistic that the President will “do the right thing for America“in negotiating with China. “One thing […]
US President Donald Trump on Sunday warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protesters would harm trade talks between the two countries. “I think it’d be very hard to deal if they do violence, I mean, if it’s another Tiananmen Square,” Trump told reporters in New Jersey. “I think […]
Hong Kong democracy activists kicked off a weekend of fresh rallies yesterday in a major test for the movement following criticism over an airport protest earlier this week and as concerns mount over Beijing’s next move. The new marches came as thousands of pro-government supporters many waving Chinese flags gathered in a park to condemn […]
It was meant to be an unabashed celebration of the triumph of Communism in China, and of President Xi Jinping’s authority as the country’s undisputed leader for years to come. But as the People’s Republic of China approaches its 70th anniversary on October 1st, Xi finds himself battling threats on multiple fronts. From a biting […]
Donald Trump said Friday that tech giant Apple would be spending “vast sums” of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook. The men have had several informal meetings before, including at Bedminster, New Jersey, where Trump is reportedly on a working holiday at his golf […]
Late Wednesday, President Trump tied a US trade deal with China to humane resolution of the weeks of protests wracking Hong Kong, hours after the State Department said it was “deeply concerned” about reports of movement of Chinese paramilitary forces along the Hong Kong border. The State Department warned that continued erosion of the territory’s […]
China’s economy has grown to dwarf Hong Kong’s since 1997, but the mainland remains deeply dependent on the crisis-stricken city as its primary economic gateway to the world. The global financial hub has been shaken by 10 weeks of pro-democracy protests which could have an impact worse than the 2008 global economic crisis, Hong Kong […]
Foreign government officials and experts are expressing their condemnation of the violence perpetrated by radical demonstrators in Hong Kong. Emphasizing the significance of “1 country, 2 systems” for the development of Hong Kong, they also voiced their support for the legitimate actions taken by the Hong Kong Special Administrative Region (HKSAR) government and Hong Kong […]
Violent protesters staged a shameful episode of real violence and brutality in full view and broadcast on live television at the Hong Kong International Airport Tuesday. At about 8:00p local time, a group of protesters detained a traveler they claimed to be an undercover police officer from the Chinese Mainland. In lynch mob-style assaults, they […]
Hong Kong’s airport resumed operations Wednesday, rescheduling hundreds of flights that had been disrupted over the past 2 days as protesters clashed with riot police in a deepening crisis in the Chinese-controlled city. And rumors of China’s troops assembling at the Mainland border. Police condemned violent acts by protesters overnight and said on Wednesday a […]
Tuesday, President Trump Tweeted that US intelligence believes that the Chinese government is moving troops to its border with Hong Kong. President Trump also Tweeted that “Everyone should be calm and safe!” Riot police clashed with pro-democracy protesters outside the Hong Kong Airport for the 2nd day running Tuesday though calm returned to the airport in […]
US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump’s administration announced it is delaying tariffs on key consumer electronic goods imported from China. And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war […]
Asian markets were mixed Monday with investors gripped by concerns about the US-China trade war after Donald Trump said he was prepared to walk away from next month’s planned talks. The president’s comments spooked US investors and added to the sense of pessimism across world trading floors after the White House last week announced fresh […]
Shares in Hong Kong’s flagship carrier Cathay Pacific plunged more than four percent on Monday, after Beijing banned airline staff supporting Hong Kong protesters from flights going through the mainland. Cathay shares lost 4.37 percent to HK$9.85 by the break in Hong Kong, with the carrier’s parent company Swire Pacific Ltd. plunging 5.26 percent to […]
There is now the “threat of deflation” in the US according to economic adviser Stephen Moore, who says that President Trump needs a catalyst in the trade dispute with China and the Fed can cut interest rates to provide it. “I am calling for the feds to have an emergency meeting next week to announce a […]
Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city’s economy, with no end in sight. City leader Carrie Lam has warned that the international financial hub is facing an economic crisis worse than either the 2003 SARS outbreak that paralysed […]
China’s aviation regulator on Friday demanded that Cathay Pacific prevent airline staff who have shown support for pro-democracy protests in Hong Kong from working on flights to the mainland or routed through Chinese airspace. The regulator also ordered the city’s flag carrier to handover identity information of staff on mainland-bound flights starting Sunday — declaring […]
China’s economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned Friday. The International Monetary Fund already had trimmed its growth forecast for China to 6.2 percent this year, assuming no new tariffs are […]
The US Treasury Department declared Monday it had determined for the 1st time since Y 1994 that Beijing was manipulating its RMB Yuan. Then early Tuesday, President Trump dismissed fears of a protracted trade dispute with China, ignoring a bluster warning in the Beijing press that labeling it a currency manipulator would have severe consequences […]
We are in terrific shape, unfortunately they are not.”–Larry Kudlow White House economic adviser Larry Kudlow reports that China’s economy is collapsing and that the US will ultimately win the trade war. “The Chinese economy is crumbling. It’s just not the powerhouse it was 20 years ago,” Mr. Kudlow said in a TV interview early […]
$USD, $CNH FLASH: The US has not put China on the currency blacklist since Y 1994 Monday, the US Treasury Department labeled China a currency manipulator after Beijing pushed down the value of its RMB Yuan in a escalation of the trade conflict between the world’s 2 biggest economies. The decision came a few hours […]
President Trump said Saturday that things are going well with China, insisting US consumers are not paying for import taxes he has imposed on goods from that country. “Things are going along very well with China. They are paying us Tens of Billions of Dollars, made possible by their monetary devaluations and pumping in massive […]
FLASH: A general strike aimed at bringing the city to a halt is planned Monday. Police fired multiple rounds of tear gas to disperse hundreds of anti-government protesters in Hong Kong Sunday after violent clashes a day earlier, and Beijing said it would not let the situation persist. The Chinese-controlled city, an Asian financial hub, […]
Saturday, Protesters and authorities clashed in Hong Kong as demonstrators removed a Chinese national flag from its pole and flung it into the city’s iconic Victoria Harbour and police fired tear gas after some protesters vandalized a police station. The scene was a familiar 1 in the semi-autonomous Chinese territory, which has been wracked by […]
Thursday, the White House trade adviser Peter Navarro credited President Trump’s tariffs on Chinese-produced steel and aluminum with saving 2 Key American industries. “The Chinese producers are seeing fewer exports, lower profits,” Mr. Navarro said on TV Thursday. “So, we love tariffs. Tariffs are a wonderful thing.” “We would not have a steel and aluminum industry […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, President Trump said he may raise US tariffs on Chinese goods beyond 25% if trade negotiations with Beijing remain stalled. President Trump told reporters that the new 10% tariff he announced Thursday for $300-B in Chinese imports beginning 1 September will be imposed for a short term and could […]
FLASH: Chinese side confirmed their commitment to increase purchases of United States agricultural exports. The US and Chinese negotiators wrapped up a round of trade talks on Wednesday with visible signs of progress and scheduled their next meeting in September in Washington, DC. Both sides issued brief statements after the 1st face-to-face meetings since President […]
FLASH: The morning after appearing on Fox News for his interview with host Sean Hannity, President Trump blasted the network for a poll it conducted that showed he trails former Vice President Joe Biden in the Y 2020 race. Friday, President Trump said that he would not be surprised if China held out until after the […]
Riot police officers fired tear gas and rubber bullets in downtown Hong Kong as they repelled tens of thousands of protesters angered over proposed legislation that would allow extraditions to Mainland China. The street confrontation this month when a small number of protesters stormed police barricades outside the Legislative Council and hurled bricks, bottles and […]
For years, governments around the world have been floundering with the challenge of how to respond to crypto and blockchain technology. The Chinese Government has not been immune to the controversy taking a publicly conservative stance towards many aspects of crypto. However, a lesser-known fact is that the Chinese Government has been regarding blockchain technology […]
$VIA, $TCEHY ‘Top Gun: Maverick,’ (the squeal) has raised questions about the removal of Japanese and Taiwanese flags on actor Tom Cruise’s famed jacket, according to reports Sunday. Mr. Cruise’s jacket, worn by his character Maverick, had shown those flags in the 1980’s “Top Gun,” but the Y 2019 sequel replaces them as the movie is […]
FLASH: President Trump said again that he could impose additional tariffs on Chinese imports if he wants, after promising to hold off on more duties in a trade dispute truce he reached with China’s Xi last month. “We have a long way to go as far as tariffs where China is concerned, if we want. […]
Monday, US Teasury Secretary Steven Mnuchin said he and US Trade Representative Robert Lighthizer may travel to Beijing for trade negotiations if talks by phone this week are productive. “We expect to have another principal-level call this week, and to the extent we make significant progress, I think there’s a good chance we’ll go there […]
Thursday, President Trump said that China was not living up to promises it made on buying agricultural products from American farmers as the world’s 2 largest economies work to resolve a trade dispute. “Mexico is doing great at the Border, but China is letting us down in that they have not been buying the agricultural […]
Monday, President Trump said that trade talks with China were under way and any deal would need to be somewhat tilted in favor of the United States. Presidents Trump and Xi agreed in a meeting Saturday at a G-20 Summit in Japan to restart trade talks after the last major round of negotiations collapsed in […]
President Trump talking about goals of pulling troops out of Afghanistan, the longest running war in American history says he has to listen to his generals to stay, because it is “Harvard for terrorists.” “I would like to just get out,” President Trump told Fox News’ “Tucker Carlson Tonight.” “The problem is it just seems to be a […]
FLASH: President Trump declared the US is “winning” the trade war a day after reaching a truce with Chinese President Xi. On a visit to SKorea following the G-20 Summit in Japan, President Trump said at a news conference that the Federal Reserve “has not been of help to us at all” in his trade […]
FLASH: Saturday, Presidents Trump and China’s Xi agreed to another pause in their trade dispute thus removing any immediate threat looming over the global economy even as a lasting peace remains in their sights. The 2 sides have agreed to restart trade negotiations that broke down last month and that the US agreed to put […]
The long running trade dispute between the world’s 2 economic titans is a Key point Saturday. Then Presidents Trump and Xi meet, both leaders are signaling a desire to de-escalate the year-long dust-up, a good will compromise is needed in here it seems. The meeting takes place on the sidelines of the international G-20 Summit […]
There are no preconditions set ahead of any trade talks with China, White House economic adviser Larry Kudlow said Thursday ahead of President Trump’s meeting with Chinese President Xi this weekend at the G-20 in Japan There were no specific agreements made ahead of the two leaders’ talks, Mr. Kudlow said in an interview. Mr. Kudlow […]
Thursday, President Trump began his overseas trip of the year with dinner with the Prime Minister of Australia, a friendly opening act before the impending gauntlet of negotiations on international crises, trade wars and a growing global To-Do list. President Trump is in Osaka, Japan, for the annual G-20 Summit. As his re-election bid heats […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Investors and Traders in a Wait & See mode for the G-20 Summit this weekend Wednesday, President Trump said that a trade deal with Chinese President Xi is possible this weekend, but he is prepared to impose US tariffs on virtually all remaining Chinese imports if the 2 countries […]
United States wants to continue trade discussions with China that focus on structural changes and enforcement mechanisms when talks continue late this month during the G-20 Summit in Japan, White House economic adviser Larry Kudlow said Tuesday. “The United States wants to continue the conversations about structural changes regarding intellectual property theft and forced technology […]
FLASH: Commerce Secretary Wilbur Ross said President Trump is ready to proceed with tariffs on the remaining $300-B in Chinese goods if a trade pact cannot be reached with Beijing. Secretary Ross told reporters Monday that enforcement would be the most important element of any potential deal between the world’s two largest economies. “We will […]
Attention has turned to a meeting between President Trump with Chinese President Xi at the G-20 Summit in Japan later this month as the next step in the trade standoff between the world’s 2 biggest economies. The Chinese government would not confirm Tuesday that such a meeting will take place, ‘mums the word.’ “We note […]
Late Monday, President Trump said he does expect Chinese President Xi to be at the G-20 Summit in Japan this month and the 2 world leaders are scheduled to talk at the gathering of leaders from the Top industrialized and emerging economies. Since the trade talks last month in Washington ended in a stalemate, President […]
Monday, President Trump said he is ready to impose another round of punitive tariffs on Chinese imports if he does not reach a trade deal with China’s President Xi at a Group of 20 Summit later this month. Since the trade talks last month in Washington ended in a stalemate, President Trump has said he […]
China’s exports beat gloomy forecasts to rebound in May though imports sank more than expected as the trade war with the United States heats up, official data showed Monday. The spat between the world’s top two economies escalated last month, with President Donald Trump increasing tariffs on $200 billion in Chinese goods. But Chinese exports […]
“If I’m China, I’m worried about the progress we’re making with Mexico, the passage of the USMCA,” he said, saying it will allow President Donald Trump to ‘take the same sort of strategy to China,”– Senator Tom Tillis (R-SC) According to Senator Tillis, the deal with Mexico to secure the southern border and staunch the […]
FLASH: President Trump declared a victory after Washington and Mexico agreed on measures to stem the flow of Central American migrants into the United States. President Trump called off plans to impose a 5% tax on Mexican exports, and Treasury Secretary Steven Mnuchin, speaking to reporters Saturday in Fukuoka on the sidelines of a meeting […]
President Trump’s tough talk to Iran is not warmongering, but a return to the United States acting from a position of strength. “This is what American Presidents used to do talk tough, before President Obama. They used to talk about American strength and the desire for peace over war, but war if necessary. We are returning […]
President Trump is proving himself as a “genuine world leader” with his reception in England and during other recent trips, former House Speaker Newt Gingrich said Tuesday. “There is something pathetic about the American news media who end up in Japan or end up in Great Britain, end up in France,” Speaker Gingrich said. “Half […]
The Trump Administration has started taking aim at China’s best and brightest schooling in the US, scrutinizing researchers with ties to Beijing and restricting student visas. Several Chinese graduate students and academics say that recent weeks that they found the US academic and job environment increasingly unfriendly. China’s Education Ministry issued a warning Monday on […]
Monday, Secretary of State Mike Pompeo said that the United States is seeking to “level the playing field” with China after decades of unfair trade practices. President Donald Trump wants to ensure that Chinese and US companies are doing business on equal terms, Secretary Pompeo said. “We are very concerned that Western companies, American companies […]
FLASH: China issues report blaming US for trade dispute, asserts desire for further talks. China’s struggling to save face. The latest US tariffs on Chinese imports will not resolve the 2 countries’ trade issues, and the United States bears responsibility for setbacks in the talks process, a policy paper published by the Chinese government said […]
The US Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said Wednesday, amid mounting concern in Washington about Beijing’s role as a supplier. The DOD’s request was outlined in a report that sent to the White House and briefed to Congress, […]
President Trump should intensify his trade battle with China by barring Chinese businesses from US capital markets and technology, his former White House chief strategist, Steve Bannon, said. ‘He has to go all the way; it’s not a trade war, it’s an economic war they’ve been running against the West,’ Mr. Bannon said in an […]
FLASH: The buyer has the ultimate power, the US is the buyer. Economist Gary Shilling predicts that not only will President Trump win the ‘trade war’ with China, but in the long run the US will be better off. “People say nobody wins trade wars. Yeah, in the short-run you don’t, but in the long-run…the […]
FLASH: The US is Not ready to make a trade deal with China, President Trump said while on a state visit to Japan. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,” President Trump said Monday at a joint press conference in Tokyo […]
Many investors fear that the US-China trade dispute will inflict long-lasting damage on the US, but economist Gary Shilling, PhD disagrees. “People say nobody wins trade wars. Yeah, in the short-run you do not, but in the long-run…the US will be better off,” Dr. Shilling asserted in an interview with Business Insider published early this […]
$CNY, $INTC, $QCOM The Trump Administration is considering cutting off the flow of vital American technology to 5 Chinese companies including Hangzhou Hikvision Digital Technology Co., widening the dragnet beyond Huawei to include world leaders in video surveillance. The US is deliberating whether to add Hikvision, Zhejiang Dahua Technology Co. and several unidentified others to […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Note: The Mins from the May FOMC meeting showed that policymakers are comfortable with the current fed funds rate range while “a number of participants” saw a moderation in risk and uncertainties surrounding their outlooks for the year. The Key takeaway is that the stock market has a reasonable […]
FLASH: President Trump is bringing the Fed into the US-China trade war. Tuesday, President Trump called on the Fed to “match” what he said China will do to offset economic hardship being caused by tariffs. “China will be pumping money into their system and reducing interest rates, as always, in order to make up for […]
Monday, China raised tariffs on a paltry $60-B of U.S. goods in retaliation for President Trump’s decision to increase tariffs on $200-B worth of Chinese imports last week, escalating the 10 month trade dispute between the world’s 2 largest economies. President Trump shook the world trade order by imposing unilateral tariffs to combat what he […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks sold off Monday, as trade tensions escalated after China retaliated with a tariff rate hike on US imports. The 2.4% drop in the S&P 500 in a broad-based effort to de-risk amid global growth concerns. Stocks sold off as US-China trade tensions escalated, China increased its tariff rate […]
FLASH: US and China at impasse over trade, Larry Kudlow says new tariffs will remain. The United States and China appeared at a deadlock over trade negotiations Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. The trade dispute […]
President Trump said it would be wise for China to “act now” to finish a trade deal with the US, predicting that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in Y 2020. “I think that China felt they were beaten so badly in the […]
