Monday, 15 October, 2018

Stocks tumble as investors fear escalating U.S. and China trade conflict

Stocks tumble as investors fear escalating U.S. and China trade conflict Stocks tumble as investors fear escalating U.S. and China trade conflict
Lindsey Cook | 24 March, 2018, 17:00

It is impossible to imagine that they can not.

- US Trade sanctions on Chinese imports will bring retaliatory measures.

"In the longer run, protectionist policies touted by the United States could be watered down, in turn limiting the negative effect on trade and the global economy", said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo, referring to the decision by the United States to exempt some countries from steel and aluminium tariffs.

Such necessary measures were swiftly introduced, with China set to implement its own trade barriers on as much as $3 billion worth of USA goods, specifically targeted at Trump-friendly farm-belt states. That would be a huge blow to US farmers, as American exports to the Asian country are worth about $14 billion annually. The goods on which tariffs have been imposed range from shoes and clothing to consumer electronics. Beijing urged Washington to negotiate a settlement as soon as possible.

Peter Donisanu, an investment strategy analyst for the Wells Fargo Investment Institute, said the risk of a damaging trade war is still low because the Trump administration is targeting specific goods that are not central to China's economy.

Such a move will likely put further pressure on the US' domestic pork industry, which is already facing weaker demand from China, the world's top buyer of the meat.

China's response was blunt. He defended Trump outlining that the President took the steps to defend American corporations.

But Mei also recommended selling U.S. Treasury bonds and undermining the U.S. stock market to make Trump "feel the pain".

More news: EC's Decision A Serious Attempt To Dislodge Elected Government: AAP
More news: IBM has created a computer smaller than a grain of salt
More news: Former Dolphins OL Jonathan Martin faces charges stemming from Instagram post

The dollar has suffered on concerns over a possible trade war.

In contrast, Mr Trump tweeted earlier this month that "trade wars are good, and easy to win" - a view nearly no one else holds. After Trump announced the move, China's Ministry of Commerce said that it was proposing tariffs of its own on 128 products from the United States, like nuts, wine and pork, that it valued at about $3 billion. He predicted tough talks ahead.

Betty Wang, an economist at ANZ bank, said China's reaction was "relatively mild". "Most of Trump's policies hurt his base, and this could be a real problem in places like the Midwest". Washington is also seriously concerned about Made in China 2025, a senior White House official said. They outlined that this trade war is an unwinnable war. These countries will be willing to take charge if the US products become expensive in China.

China's announcement is seen by analysts as a "measured response" to the U.S., with 127 other U.S. products targeted for tariffs, including ethanol, fresh fruit, steel and wine. With almost 1.4 billion people, China is a big market for the largest United States businesses.

Fears of a trade war between the world's two largest economies rocked the stock market on Thursday.

China gave no indication of a possible response but a foreign ministry spokeswoman said Beijing was "fully prepared to defend" its interests.

Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential US trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses.

"It's remarkable how badly Xi Jinping has mishandled and damaged the U.S".

Recommended

  • Chicago Fire star DuShon Monique Brown dies aged 49

    Chicago Fire star DuShon Monique Brown dies aged 49

    On the NBC fire drama she played Connie, secretary to Eamonn Walker's Battalion Chief Wallace Boden, appearing in 53 episodes. DuShon Monique Brown , best known for her role in Prison Break , has died at the age of 49.
    Ringo Starr Finally Receives Knighthood

    Ringo Starr Finally Receives Knighthood

    Congrats to Sir Ringo , even if he's not yet used to the new title! "I was a bit shaky today on my own", he said. I just got on with my life and here we are. "I was really pleased to accept this".
    Ex-Playboy Model Who Claims Affair With Trump Sues To Break Silence

    Ex-Playboy Model Who Claims Affair With Trump Sues To Break Silence

    She would pay for her own flights, hotel and travel accommodations but Trump would then reimburse her for the costs. McDougal, a former model, is suing the tabloid giant American Media, Inc .
  • 'Hero' officer dies after French supermarket siege

    'Hero' officer dies after French supermarket siege

    He was shot by Redouane Lakdim, prompting counter-terror officers to storm the supermarket and shoot the Islamist terrorist dead. The officer's actions helped bring an end to the gunman's deadly spree, which Macron has dubbed an act of "Islamist terrorism".
    Authorities want Florida school shooting suspect's brother committed

    Authorities want Florida school shooting suspect's brother committed

    Police said he skateboarded to the store and left with two headsets and an Xbox controller that he stuffed inside a red backpack. Gavin Stricker, 19, was arrested later that afternoon for allegedly brandishing a knife on the school bus Monday afternoon.
    New football league called Alliance of American Football is launching in 2019

    New football league called Alliance of American Football is launching in 2019

    To help him steer the league, Charlie Ebersol brought on former NFL general manager Bill Polian, now an analyst for ESPN . Ex-Steelers wide receiver Hines Ward will be an AAF advisor, as will former New York Giants defensive end Justin Tuck .
  • More than 130 pilot whales die in mass Australia beaching

    More than 130 pilot whales die in mass Australia beaching

    It is believed that beached animals are short-finned pilot whales , which were sighted by a commercial fisherman. A sixth whale was freed into shallow waters overnight but it beached again and had to be euthanized.
    United Kingdom  inflation falls to 2.7 percent in February

    United Kingdom inflation falls to 2.7 percent in February

    Today's fall will ease the pressure on squeezed households and substantially reduces the likelihood of another interest rate rise. The Retail Prices Index (RPI), a separate measure of inflation, was 3.6 per cent in February, down from 4 per cent in January.
    The Young Stars of Stranger Things are Getting HUGE Salary Increases

    The Young Stars of Stranger Things are Getting HUGE Salary Increases

    Stranger Things cast are reportedly set to earn a massive pay rise for season 3 , following the Netflix show's huge popularity. There's nothing odd about the huge pay rises the entire cast of Stranger Things just scored for season three.
  • Zlatan Ibrahimovic joins LA Galaxy - the latest global star in the MLS

    Zlatan Ibrahimovic joins LA Galaxy - the latest global star in the MLS

    In pure Zlatan fashion, the video declines to welcome Ibrahimovic to Los Angeles, as is customary in these sorts of announcements. However, whether the Galaxy will get the player that was once one of the most feared strikers in the world remains to be seen.
    'We need change': DC teens on gun violence they've seen every day

    'We need change': DC teens on gun violence they've seen every day

    Saturday's march in D.C. will begin at noon with a rally on Pennsylvania Avenue between Third Street and 12th Street Northwest. March For Our Lives will help gauge whether students can sustain the momentum of their movement and push lawmakers to act.
    First Public Offer of Venezuelan Cryptocurrency Begins

    First Public Offer of Venezuelan Cryptocurrency Begins

    Trump and other critics have claimed the Petro , backed by Venezuela's oil reserves - the largest in the world - is unreliable. The USAID announcement follows a visit by the former Secretary of State Rex W.

TL;DR: Rabada bumped me harder than it looked like: Smith TL;DR: Rabada bumped me harder than it looked like: Smith The Aussie captain continued, "The way he handled both sides throughout the two Test matches, I thought he did a terrific job. Steve Smith was understandably peeved with Kagiso Rabada's reprieve by the International Cricket Council .

United States school arms students with rocks in case of shooting United States  school arms students with rocks in case of shooting Another parents agreed, saying, "At this point we have to get creative, we have to protect our kids first and foremost". Every classroom in a Pennsylvania district will have a bucket of stones in case an armed intruder bursts in.

World Series? How About 9 Reasons the Yankees Might Miss The Playoffs World Series? How About 9 Reasons the Yankees Might Miss The Playoffs Work groups don't necessarily lead to season-opening assignments, though Florial did finish up 2017 with 19 games at Tampa . The United States' oldest professional league has sent teams to play regular-season games in Japan, Australia and Mexico.

White House: Leaking Trump's notes is 'fireable' White House: Leaking Trump's notes is 'fireable' The call was the latest indicator of Trump's personal reluctance to publicly criticize Putin. Trump calls the probe a political witch hunt.

YouTube bans gun sales and how-to videos, content creator turns to PornHub YouTube bans gun sales and how-to videos, content creator turns to PornHub In response to the rule change, one gun channel called InRange TV said it will post videos on PornHub . Yet, frustrating current YouTube users with ads might not entice them to subscribe. .

Kewell backs Salah for Ballon d'Or glory Kewell backs Salah for Ballon d'Or glory Those types of clubs are the pinnacle of football - if they come in for you, you want to be a part of that. The ex-Reds winger added: "He has this unbelievable dribbling ability, and defenders are scared of it".

MS agriculture official expected to go to US Senate MS  agriculture official expected to go to US Senate Administration officials do not want Trump to embarrass himself by weighing in for a candidate who is seriously hobbled. Drawing from her spiritual beliefs, Hyde-Smith quoted The Bible in drawing comparison to her life's plan versus God's.

Netanyahu says policy to impede enemies from nuclear weapons Netanyahu says policy to impede enemies from nuclear weapons Syria has never acknowledged building a nuclear reactor at the site, instead insisting months later that it was a missile facility.

Cynthia Nixon Bashed as 'Unqualified Lesbian' By Former NYC Mayoral Candidate Cynthia Nixon Bashed as 'Unqualified Lesbian' By Former NYC Mayoral Candidate To be clear, Cynthia Nixon's identity has no bearing on her candidacy and it was not my intention to suggest it did. I worked alongside her in the marriage fight, and I believe she was incredibly eloquent and incredibly effective.

USA not on 'cusp' of accelerating inflation: Fed Chair USA  not on 'cusp' of accelerating inflation: Fed Chair Central bankers see growth picking up this year and next, with GDP gaining 2.7 percent in 2018 and 2.4 percent in 2019. As banks are charged more for money, they can raise rates on small business loans, credit cards and mortgages.

James Blake: Tennis seedings punish Serena Williams, other returning mothers James Blake: Tennis seedings punish Serena Williams, other returning mothers Former women's world No. 1 Serena Williams is taking things step by step but believes she will eventually return to her best soon. These kind of things shouldn't happen. "It's not as if she left because of injury and lost her passion for the game".

Forecast snow increased to 2-4 inches Forecast snow increased to 2-4 inches The normal highs for this time of year are in the mid-60s, with overnight lows in the lower 40s. Those changes include, warmer temperatures, higher humidity, and increase in cloud cover.

GSK welcomes Brexit transition deal, but wants more 'precision' on final relationship GSK welcomes Brexit transition deal, but wants more 'precision' on final relationship He said: "This is what Mrs May has formally accepted. there will be a backstop solution when the withdrawal treaty emerges". However, both sides have made clear that nothing is agreed until everything is agreed. "We are not at the end of the road".

WaPo: Trump ignored briefing materials that said not to congratulate Putin WaPo: Trump ignored briefing materials that said not to congratulate Putin The White House declined to say if the Trump administration believed the Russian election was free and fair. Trump's call with Putin came less than a week after the US issued financial sanctions against a St.

WhatsApp co-founder Brian Acton wants you to delete Facebook WhatsApp co-founder Brian Acton wants you to delete Facebook Earlier on Tuesday, the NY and MA attorney generals announced an investigation into Facbook over the Cambridge Analytica scandal. Facebook purchased the app in 2014 in a deal of cash and stock worth $19 billion, Facebook's largest acquisition.