Dow plunges hundreds of points as Trump's trade war with China takes a toll on the stock market
5 years, 7 months ago

Dow plunges hundreds of points as Trump's trade war with China takes a toll on the stock market

Salon  

President Donald Trump's trade war with China has taken a toll on the U.S. stock market. After China announced it would raise tariffs on $60 billion worth of American goods, the Dow Jones industrial average fell Monday afternoon by more than 700 points or nearly 3 percent, according to The Washington Post. European markets also saw major drops, with the German Dax falling by 1.5 percent, France's CAC falling by 1.2 percent and the Pan European Stoxx 600 falling by 1.2 percent. White House chief economic adviser Larry Kudlow warned on Sunday that there could be negative consequences to Trump's trade war, admitting that "both sides will suffer on this" while at the same time claiming that the overall economic impact would not be significant, because the economy is "in terrific shape."

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History of this topic

Why the US should think twice before launching another tariff war?
2 weeks, 2 days ago

Why the US should think twice before launching another tariff war?

China Daily  

Shipping containers are stored at the Port Newark Container Terminal in Newark, New Jersey, on July 21, 2022. In a move that surprised no one, US President-elect Donald Trump once again played the "tariff card," threatening an additional 10 percent tariff on all Chinese products entering the United States, citing a most far-fetched excuse of US drug problems. Here are …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
1 month ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
1 month, 2 weeks ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

US stock market surges to record high despite Trump’s tariff threats
1 month, 2 weeks ago

US stock market surges to record high despite Trump’s tariff threats

Al Jazeera  

The S&P 500 rises 0.57 percent after US president-elect’s tariff announcements roil European and Asian markets. US stocks have hit record highs despite United States President-elect Donald Trump’s pledge to impose sweeping tariffs that threaten to upend international trade. Some big-name individual stocks fell, including General Motors and Ford Motor, both of which import vehicles from Mexico, a target of …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month, 2 weeks ago

Spill-over of Trump’s anti-China trade stance

Hindustan Times  

Trump’s trade war with China had a global impact, affecting and benefiting countries. US President Donald Trump The US-China trade conflict reflects the US’ protectionism from China’s inroads in its economy and the global economy, which it believes is detrimental to its local jobs, industries, industrial innovation, and national security. Thus, the tit-for-tat trade moves resulted in raising import tariffs …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 3 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 3 weeks ago

China coped with Trump’s first trade war. A second one will be tougher.

Live Mint  

SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. If the U.S. cuts back on some of the $430 billion in goods it imports from China each year, Chinese companies could try sending them to other countries, a strategy Beijing followed successfully after Trump first hit Chinese goods with tariffs in 2018. Some …

Markets hail Trump’s economics
1 month, 4 weeks ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

Frustrated Americans await the economic changes they voted for with Trump
2 months ago

Frustrated Americans await the economic changes they voted for with Trump

Associated Press  

WASHINGTON — Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president. Trump policies could boost inflation The Peterson Institute for International Economics, a leading think tank, has estimated that Trump’s policies would slash the U.S. gross domestic product — the total …

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in
2 months ago

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in

Live Mint  

US Election Results 2024: In a remarkable turnaround after losing the 2020 elections, Republican US President Donald Trump secured a record-breaking historic victory in the US Presidential Elections 2024, defeating Democratic Vice President Kamala Harris with over 270 electoral votes to become President-elect officially. Follow Live Updates: US Election Results 2024 LIVE- Donald Trump becomes 47th US President Trump's top …

Market to drive China-US economic, trade ties forward
2 months ago

Market to drive China-US economic, trade ties forward

China Daily  

Regardless of the stance taken by the new US administration, market forces will ensure that China-US economic and trade cooperation continues to forge ahead, said Zhou Mi, senior researcher at the Chinese Academy of International Trade and Economic Cooperation, which is affiliated with the Ministry of Commerce. And that definitely means more cooperation because they do see the possibilities of …

The Dow Jones jumps over 1,300 points after Trump wins the election
2 months ago

The Dow Jones jumps over 1,300 points after Trump wins the election

NPR  

The Dow Jones jumps over 1,300 points after Trump wins the election toggle caption Spencer Platt/Getty Images/Getty Images North America Wall Street investors are cheering former President Trump's return to the White House. The Dow Jones Industrial Average rose more than 1,300 points soon after the open, or more than 3%, just hours after Trump won the presidential election over …

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout
5 months, 3 weeks ago

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout

ABC  

The blood-smeared face of Donald Trump, clenched fist raised against the background of the stars and stripes, may be the defining image of his campaign and an enduring portrayal of our times. US tariff rise Photo shows US President Donald Trump says he's ready to escalate the trade war with China President Donald Trump's latest tariff hike on Chinese goods …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 3 weeks ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

US should jump-start talks with China on tariffs to manage tensions
8 months, 1 week ago

US should jump-start talks with China on tariffs to manage tensions

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. An early, promising completion of the US Trade Representative review of the China tariffs could provide a relief to consumers and importers; it would also end uncertainty in the China-US relations, making a positive impact on the international economy. Higher tariffs …

US pursuing two-tiered trade policy with China
2 years, 1 month ago

US pursuing two-tiered trade policy with China

China Daily  

People walk on Times Square in New York, the United States, Nov 23, 2021. US Commerce Secretary Gina Raimondo on Wednesday acknowledged that the United States reaps huge benefits from trade with China and pledged not to decouple from it, with the exception of critical technology and other areas that Washington deems could "undermine" its national security. The four-component China …

US-China trade war cost up to 245,000 jobs: Study
3 years, 11 months ago

US-China trade war cost up to 245,000 jobs: Study

Al Jazeera  

The United States-China trade war was launched by Trump on the premise of shielding US jobs, but a study published on Thursday found it actually cost the US up to 245,000 jobs. United States President Donald Trump’s trade war with China has caused a peak loss of 245,000 US jobs, but a gradual scaling back of tariffs on both sides …

Dow jumps 400 points and closes at new record high even as Trump's mob storms US Capitol
4 years ago

Dow jumps 400 points and closes at new record high even as Trump's mob storms US Capitol

Daily Mail  

The Dow set a new record on Wednesday, even as supporters of President Donald Trump stormed the U.S. Capitol sending Congress into lockdown. Investors were also cheered after Vice President Mike Pence declared he would not support Trump's attempts to overthrow the results of the presidential election, signaling an orderly transition of power. Investors were also cheered after Vice President …

Trump’s trade wars at a glance, from Beijing to Brussels
4 years, 2 months ago

Trump’s trade wars at a glance, from Beijing to Brussels

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here's a look at four tumultuous years of …

Trump promised to win the trade war with China. He failed
4 years, 2 months ago

Trump promised to win the trade war with China. He failed

CNN  

Hong Kong CNN Business — US President Donald Trump started a trade war with China to fix what he’s repeatedly blasted as an unfair relationship between the world’s two largest economies. Trump vowed to cut the US trade deficit, but instead it’s reached historic highs.He wanted China to buy more American products, but that hasn’t happened as much as Washington …

US-China trade war is the last thing the world economy needs now
4 years, 7 months ago

US-China trade war is the last thing the world economy needs now

CNN  

Hong Kong CNN Business — Mutual blame over the coronavirus pandemic has reignited tensions between the United States and China, threatening to break what was already a fragile truce on trade between the world’s biggest economies. “The threat of higher tariffs and the intensifying technology cold war could yet disrupt technology trade and investment, de-powering what still promises to be …

US Markets fall: Dow drops more than 600 points
4 years, 8 months ago

US Markets fall: Dow drops more than 600 points

Al Jazeera  

Wall Street sold off sharply on Friday after President Donald Trump revived a threat of new tariffs against China in response to the COVID-19 pandemic, which has brought global economies to a grinding halt. But epically awful economic data, Trump’s renewed threats to punish China with tariffs, and warnings from corporate America of coronavirus-related profit hits ahead dragged on investor …

US trade deficit shrank while Trump ramped up trade war in 2019
4 years, 11 months ago

US trade deficit shrank while Trump ramped up trade war in 2019

CNN  

Washington CNN — The US trade deficit shrank for the first time in six years in 2019 as President Donald Trump continued to ramp up his trade war with China. The deficit in goods and services narrowed by 1.7% to $616.8 billion last year, the Census Bureau reported Wednesday. The goods trade deficit with China fell to $345.6 billion – …

The U.S.-China War Over Trade and Tariffs, Explained
4 years, 11 months ago

The U.S.-China War Over Trade and Tariffs, Explained

Bloomberg  

What started in 2018 with U.S. levies on imported washing machines and solar panels to protect domestic producers escalated into a cycle of tariffs, talks, threats and truces that rocked financial markets. Behind all the sparring between the U.S. and China -- one an incumbent superpower, the other a rising one -- over tariff levels and targeted product lists are …

American citizens are paying for President Trump's tariffs — not China
5 years ago

American citizens are paying for President Trump's tariffs — not China

Salon  

Two new economic working papers from the National Bureau of Economic Research shared on Monday revealed the sweeping impacts of President Donald Trump’s tariffs and trade war and undercut his repeated claims about his policies’ supposed benefits. “The data show that U.S. tariffs have caused foreign exporters of steel to substantially lower their prices into the U.S. market,” they wrote. …

Federal Reserve report finds Trump's tariffs raised prices, cut employment and hurt US manufacturers
5 years ago

Federal Reserve report finds Trump's tariffs raised prices, cut employment and hurt US manufacturers

Salon  

President Donald Trump’s trade war raised prices for consumers and hurt the manufacturing industry, according to a report from economists on the Federal Reserve Board. "The first comprehensive estimates" of the trade war’s effect on American manufacturers show that the tariffs have hurt the industry more than they helped, wrote Aaron Flaaen and Justin Pierce, two senior economists at the …

Dow hits 28,000 for the first time
5 years, 1 month ago

Dow hits 28,000 for the first time

CNN  

New York CNN Business — US stock indexes hit all-time highs again on Friday, with the Dow climbing above 28,000 points for the first time in history. The week’s rally wasdriven by hopes for a trade deal between the United States and China and some better-than-expected retail sales data Friday. White House Economic Adviser Larry Kudlow expressed optimism over a …

US-China trade deal negotiations hit another snag
5 years, 1 month ago

US-China trade deal negotiations hit another snag

CNN  

CNN Business — President Donald Trump was supposed to sign a partial trade deal with Chinese President Xi Jinping next week, but negotiations over the final text have reached a rough patch, according to people familiar with the matter. In the last several days, the two sides have found themselves at odds over the finer details of an agreement that …

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike
5 years, 2 months ago

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike

Firstpost  

Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done. Washington: US president Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended …

AP FACT CHECK: Trump glosses over US pain from trade war
5 years, 4 months ago

AP FACT CHECK: Trump glosses over US pain from trade war

Associated Press  

WASHINGTON — President Donald Trump is sticking to his distorted picture of the consequences of his trade war with China, refusing to acknowledge the U.S. is feeling any pain. In a study in May, the Federal Reserve Bank of New York, with Princeton and Columbia universities, estimated that tariffs from Trump’s trade dispute with China were costing $831 per U.S. …

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington
5 years, 4 months ago

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington

Firstpost  

US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China Washington: US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China. “China is eating the tariffs,” Trump said on Twitter, repeating his claim that higher duty rates meant Washington collected billions of …

Donald Trump heaps more tariffs on China, still no deal in sight
5 years, 4 months ago

Donald Trump heaps more tariffs on China, still no deal in sight

Live Mint  

Washington, Columbus: The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” Trump told reporters Friday before going to Camp David, the …

Latest Trump tariffs could hit consumers with higher prices
5 years, 4 months ago

Latest Trump tariffs could hit consumers with higher prices

Associated Press  

WASHINGTON — President Donald Trump’s latest round of tariffs on Chinese imports is likely to deliver a direct hit on many consumers, who were largely spared from higher prices in his previous rounds of import taxes. For the first time since Trump launched his trade war, American households face price increases because many U.S. companies say they’ll be forced to …

A fresh round of Trump tariffs is about to hit store shelves
5 years, 4 months ago

A fresh round of Trump tariffs is about to hit store shelves

LA Times  

The U.S. flag flies over a container ship unloading its cargo from Asia at the Port of Long Beach. For the first time since Trump launched his trade war, American households face price increases because many U.S. companies say they’ll be forced to pass on to customers the higher prices they’ll pay on Chinese imports. For more than a year, …

Dow gains 270 points thanks to trade optimism
5 years, 4 months ago

Dow gains 270 points thanks to trade optimism

CNN  

New York CNN Business — The Dow and the broader stock market finished sharply higher on rebound Monday, reversing course from Friday’s selloff after President Donald Trump said China wants to get back to the negotiating table. First, China’s Vice Premier Liu He said Monday that an escalation of the trade war would be bad for all parties and “the …

Dow falls 2% as Trump escalates trade dispute with China
5 years, 4 months ago

Dow falls 2% as Trump escalates trade dispute with China

Live Mint  

The Wall Street sell-off accelerated Friday afternoon after US President Donald Trump threatened new retaliation against China in response to Beijing's latest tariff announcement. The broad-based S&P 500 also slid 2.0 percent to 2,863.47, while the tech-rich Nasdaq Composite Index sank 2.4 percent to 7,796.42. President Donald Trump ordered U.S. companies "to immediately start looking for an alternative to China" …

Trump tweets new round of China tariffs
5 years, 4 months ago

Trump tweets new round of China tariffs

CNN  

Washington CNN — President Donald Trump on Friday counterpunched against retaliatory tariffs announced by Beijing earlier in the day, pledging to hike the rates importers must pay on Chinese-made goods even higher. “We’re having a little spat with China and we’ll win it,” Trump told reporters Friday night before departing for the annual G7 summit in Biarritz, France. “China should …

Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points
5 years, 4 months ago

Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points

NPR  

Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points Enlarge this image toggle caption Alex Brandon/AP Alex Brandon/AP Updated at 5:18 p.m. ET President Trump on Friday announced higher tariffs on goods from China, hours after Beijing said it will slap tariffs on $75 billion of autos and other U.S. goods. The first batch of China's …

Trump delays tariffs on some Chinese goods until December
5 years, 4 months ago

Trump delays tariffs on some Chinese goods until December

Associated Press  

WASHINGTON — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. But under pressure from retailers and other businesses, President Donald Trump’s trade office said it would delay until Dec. …

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator
5 years, 5 months ago

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator

Firstpost  

The Trump administration’s dramatic move against China hastened the risk aversion seen in global markets this week Tokyo: Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the US-China trade war. “Following the latest development in the US-China trade war, …

Dow plunges 767 points after China devalues its currency
5 years, 5 months ago

Dow plunges 767 points after China devalues its currency

CNN  

New York CNN Business — A dramatic escalation of the trade war between the United States and China sparked a worldwide sell-off in markets on Monday. The Dow closed down 767 points, and the Nasdaq Composite — a proxy for the technology companies that will be most harmed by a trade war — suffered its longest losing streak since November …

Trump imposes tariffs on $300bn more Chinese goods in sharp escalation of trade war
5 years, 5 months ago

Trump imposes tariffs on $300bn more Chinese goods in sharp escalation of trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Trump’s latest round of …

Trump’s proposed China tariffs have financial markets shaking
5 years, 5 months ago

Trump’s proposed China tariffs have financial markets shaking

Al Jazeera  

President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties. The new tariff will be imposed beginning Sept. 1, Trump said in a tweet Thursday that broke a tentative trade cease-fire between the world’s two biggest economies. Keep in …

China’s economic growth slows to 6.2% , weakest in 27 years, as demand falters in face of US trade pressure
5 years, 5 months ago

China’s economic growth slows to 6.2% , weakest in 27 years, as demand falters in face of US trade pressure

Firstpost  

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered. Beijing: China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. The …

China’s GDP growth slips to a 27-year low of 6.2%
5 years, 5 months ago

China’s GDP growth slips to a 27-year low of 6.2%

Live Mint  

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-US trade war gets longer and costlier, fuelling worries …

China’s GDP growth slips to a 27-year low of 6.2%
5 years, 5 months ago

China’s GDP growth slips to a 27-year low of 6.2%

Live Mint  

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-US trade war gets longer and costlier, fuelling worries …

Dow drops nearly 300 points as Wall Street braces for deeper trade war
5 years, 7 months ago

Dow drops nearly 300 points as Wall Street braces for deeper trade war

CNN  

New York CNN Business — Wall Street is coming to grips with the idea that the US-China trade war will get worse before it gets better. We see a rising risk that tariffs will remain in effect through end-2020.” Nomura chief US economist Lewis Alexander “You can’t have the world’s two largest economies in a long, drawn-out mutually destructive trade …

Top Chinese official says trade war with US could reduce country’s GDP by 1%
5 years, 7 months ago

Top Chinese official says trade war with US could reduce country’s GDP by 1%

Live Mint  

Beijing: A high ranking Chinese official has said that the ongoing trade war with the US could slash China's GDP by 1%, in the first such admission by Beijing that the tariff war with Washington is biting the world's second largest economy. US President Donald Trump, who kicked off the trade war last year, is demanding China to reduce the …

Editorial: Trump’s tit-for-tat trade war with China escalates again
5 years, 7 months ago

Editorial: Trump’s tit-for-tat trade war with China escalates again

LA Times  

Containers are offloaded from a ship docked at the Port of Oakland in Oakland, Calif., on May 13. That’s the main reason President Trump has tried to raise the pressure on China by imposing ever-larger tariffs on a growing number of Chinese goods. Trump’s decision to ratchet up tariffs came after a setback in his effort to persuade Chinese leaders …

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