China 19 results

Trump Threatens New Tariffs On China

All 3 major indices took a dip Friday as President Trump threatened more tariffs on China in retaliation for the COVID-19 outbreak and Beijing's handling of information in the early stages of the pandemic. Trump has been quite candid about his concerns regarding China’s role in the COVID-19 pandemic’s origins and in statements made Thursday indicated that making sure there are appropriate ...

China’s March Exports Fall As Pandemic Goes Global

The COVID-19 is continuing to make its way around the globe after its outbreak in China late 2019-early 2020. However, while the country is over the peak of their infections, their economy is still struggling, as exports fell for the third month in a row. In March Chinese exports fell by 6.6% compared to the previous year, hitting $185.1 billion. However, this is an improvement compared to ...

Chinese Manufacturing Struggles to Rebound Amid Outbreak

As the coronavirus outbreak continues to spread through China and globally, the Chinese manufacturing sector has taken a massive hit. Despite efforts from those in Beijing to try and boost production, experts still claim it may take months for things to return to normal. In fact, most of the issues come not from the virus itself, but the measures put in place to fight it. China has begun ...

China to Offer Nearly 700 Tariffs Exemptions Amid Coronavirus

The coronavirus outbreak which has been spreading through China has sent ripples in the global economy. This outbreak has also occurred amidst the ongoing trade war between China and the United States. Now, the Chinese government is looking to find some relief. This past Tuesday, the country announced that it would allow importers to apply for exemptions on nearly 700 types of goods from the ...

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 ...