Anticipation: The next stage of the U.S.-China trade war starts at 12:01 a.m. tonight
he office of the U.S. Trade Representative has confirmed that tariffs on $34 billion in Chinese goods will go into effect at 12:01 a.m. Washington time tonight. This is on top of tariffs on steel, aluminum, washing machines, and solar panels that President Donald...
Selling MGM Resorts on escalating China trade war fears
I still believe in all the catalysts that I touted for MGM Resorts International (MGM) for late this year–yes, the company’s new Macao casino will give the company more exposure to that market, yes, a wave of states legalizing sports gambling plays to...
Today the markets decide that this “trade stuff” isn’t just a negotiating ploy
Last week the market consensus was that all the moves to raise U.S. tariffs on goods from China, the European Union, Canada, and everyone else in the world–were just parts of a negotiating strategy by President Donald Trump. Certainly we weren’t on the...
So much for that U.S-China trade truce
The Trump administration has announced higher tariffs on $50 billion in Chinese export and promised additional restrictions on Chinese investments. China immediately promised to impose tariffs with “equal scale, equal intensity” on U.S. exports. The...
So much for the China tariff truce
Just a week after U.S. Treasury Secretary Stephen Mnuchin declared a “truce” in President Donald Trump’s tariff war with China, today the White House has announced that it plans to put a 25% tariff on $50 billion in Chinese exports to the United...
Stocks up on China trade “truce”–but markets aren’t sure the truce will last or turn into an actual deal
Remarks by Treasury Secretary Steve Mnuchin and White House economics advisor Larry Kudlow over the weekend have the market feeling that the United States and China may avert a full on trade war. The Standard & Poor’s 500 stock index was ahead 0.65% as of...
Financial markets have a case of “trade jitters” today
It’s actually amazing to me that U.S. stock markets weren’t down more today given all the uncertainty regarding trade relations between United States and China, between the United States and its NAFTA partners Canada and Mexico, and between the United...
Remember that Trump/Xi meeting last week? The results were lost in the news over U.S. missile strikes against Syria but they are important
It was easy to overlook the results of the meeting at the Florida White House between U.S. President Donald Trump and Chinese President Jinping on Thursday and Friday of last week. A joint announcement of any results could easily have been lost in the thunder of those...Jim’s Daily Email Alerts:
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