China 15 results

Copper Prices Continue to Drop Due to Virus Concerns

The price of copper has continued to dip in response to the recent coronavirus outbreak. The resource, which is used by economists as a measure of overall global economic health, has seen it’s price dip by around 13% since mid-January. For 13 days straight, the prices have continued to fall to a low not seen since last September. Copper is a very important resource for a wide variety of ...

EU’s New Trade Commissioner Aims To “Reset” With U.S.

As trade negotiations between the United States and China continue, the European Union is also seeking to hash out their own trade disputes with the Trump administration. The new Trade Commissioner for the European Union, Phil Hogan, hopes that his efforts can potentially lead to a “reset” after nearly three years of continuing tariffs. The Trump administration has claimed its tariffs are ...

Apple Prepares for Coronavirus to Disrupt Supply Chains

The recent coronavirus outbreak has countries all over the world preparing and planning for potential cases. Among the expected disruption in travel, there is also the chance for manufacturing-related issues to arise. Apple, in particular, could be one of the first major companies impacted by the virus. Nearly all of Apple’s iPhones are made in China, with the work being handled primarily by ...

U.S. And China Ease Trade War with New Pact

In an effort to help ease tensions in the ongoing trade war, the United States and China recently announced a new trade pact agreement this past week. President Trump announced at the signing event in Washington that the pact would have a “transformative” impact on the American economy. The new agreement has China committing to increasing American imports from their 2017 levels by at least ...

Possible End To The Trump Tariffs In Sight

The Wall Street Journal is reporting that U.S. and Chinese officials are close to rolling back some tariffs in the interest of keeping negotiations moving forward. In an article published Monday, November 4th, Myron Brilliant, Executive Vice President and Head of International Affairs at the U.S. Chamber of Commerce is quoted as saying, “The two sides are really close to a deal but it will come ...

Dow Drops As Trump Announces More New Tariffs

Following the announcement of new tariffs of $110 billion on Chinese imports, Dow Jones futures dropped sharply at the opening bell, sinking 0.9% vs. fair value. S&P 500 futures lost 0.85%. Nasdaq 100 futures dropped 1%. The Treasury yield curve is inverted by about 1 basis point. Last week the Treasury yield was inverted by about 6 basis points. The new tariffs will charge a 15% tax on ...

Apple And Others Get An Early Holiday Present From The Trump Administration

Apple and other consumer electronics manufacturers who rely on China to make their products just got an early holiday present from the Trump administration in the form of a delay on some tariffs until mid-December. The tariffs in question were set to go into effect on September 1st, a date that coincides with Apple’s plans to release the latest version of the popular iPhone, just in time for ...

U.S. Treasury Department Designates China As A Currency Manipulator As The Trade War Becomes A Currency War

In a rare move, the U.S. Treasury Department has officially labeled China a currency manipulator. After the People's Bank of China allowed their currency to drop to the lowest level in over a decade, the Treasury Department issued a statement that read in part, "In recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite ...

Foxconn Looking To Sell New Display Factory. Why? Tariffs, Of Course.

Foxconn, the folks who assembled your iPhone, are looking to sell their brand new, $8.8 billion factory in China. While the company hasn’t officially placed the facility, which produces displays, on the market, there is every indication that the devices manufactured there will be heading to places like Vietnam and India along with all the other Chinese manufacturers seeking relief from U.S. ...