Nomura economists found that the U.S. and China, in order to avoid elevated tariffs, have cut down importing certain goods from each other.
— Read on www.msn.com/en-ca/money/topstories/its-not-china-or-the-us-here-are-the-trade-wars-winners-—-so-far/ar-AACmZvP
Tag: Trade Wars
Goldman Sachs is predicting an escalation of global trade wars
Goldman Sachs has revised up its expectations of an escalation to U.S. trade wars with China and Mexico.
— Read on www.msn.com/en-ca/money/topstories/goldman-sachs-is-predicting-an-escalation-of-global-trade-wars/ar-AACjEXx
China: Trade War Has Not ‘Made America Great Again’ – Bloomberg
The U.S. bears the full responsibility for the collapse of trade talks, according to China’s government, adding that any further discussions need to be based on sincerity, mutual respect and equality.
— Read on www.bloomberg.com/news/articles/2019-06-02/china-says-it-doesn-t-want-u-s-trade-war-but-won-t-shy-from-one
Here’s why China’s trade war threat to restrict rare earth minerals is so serious
About 35% of global reserves are in China, the most in the world, and the country is a mining machine, producing 70% of total rare earths in 2018.
— Read on www.cnbc.com/2019/05/30/heres-why-chinas-trade-war-threat-to-restrict-rare-earth-minerals-is-so-serious.html
Dalio Sees `Risky Time’ Ahead in U.S.-China Trade Conflict – Bloomberg
Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates, said Wednesday that he viewed the U.S.-China conflict as more than a “trade war” and that increasing export controls would be a major escalation.
— Read on www.bloomberg.com/news/articles/2019-05-29/ray-dalio-sees-risky-time-ahead-in-u-s-china-trade-conflict
‘Don’t say we didn’t warn you’ – a phrase from China signals the trade war could get even worse
The biggest Chinese newspaper made a warning to the U.S. using a phrase it only used twice in history, both of which involved full-on wars.
— Read on www.cnbc.com/2019/05/29/dont-say-we-didnt-warn-you—a-phrase-from-china-signals-the-trade-war-could-get-even-worse.html
Bank of Canada signalling it won’t cut rates anytime soon: CIBC’s Tal – BNN Bloomberg
Bank of Canada signalling it won’t cut rates anytime soon: CIBC’s Tal – BNN Bloomberg
— Read on www.bnnbloomberg.ca/bank-of-canada-signalling-it-won-t-cut-rates-anytime-soon-cibc-s-tal-1.1265714
TSX has worst day of 2019 on heightened trade concerns – BNN Bloomberg
TSX has worst day of 2019 on heightened trade concerns – BNN Bloomberg
— Read on www.bnnbloomberg.ca/tsx-has-worst-day-of-2019-on-heightened-trade-concerns-1.1265617
Siegel: Market sees 80% chance of trade deal, but odds drop by the day
The market will become more uncertain “every day and every week” that a China deal doesn’t happen, Wharton School professor Jeremy Siegel says.
— Read on www.cnbc.com/2019/05/28/siegel-market-sees-80percent-chance-of-trade-deal-but-odds-drop-by-the-day.html
US-China trade war: How China could weaponize US debt
China has one big weapon in the ongoing trade war with the United States — selling off its massive holdings of U.S government debt. Here’s why the so-called nuclear option could hurt China as much as the United States.
— Read on www.cnbc.com/2019/05/24/us-china-trade-war-how-china-could-weaponize-us-debt.html