U.S. President Donald Trump and U.S. Secretary of Commerce Wilbur Ross have indicated that Washington has no deadline for a trade deal with China, with the president saying that it could wait until after the 2020 election. In London, ahead of a meeting with NATO leaders, Trump told reporters on Dec. 3: “I have no ...
For the past several months, global markets have been in a tense state as the trade conflict between the U.S. and China threatened to blow up anytime. Recently, it was reported that an informal Phase 1 U.S.-China trade deal has been agreed upon by both parties. Now, it seems that a formal trade deal agreement ...
In a 40-minute speech delivered on Oct. 24, Vice President Mike Pence criticized the communist Chinese authorities for continued violations of human rights and pernicious trade practices, while stressing America’s support for democracy in Hong Kong and Taiwan. Speaking at the Wilson Center in Washington, the vice president expressed regret that the Chinese Communist Party’s ...
The trade dispute between America and China has been causing stress to businesses on both sides. In the U.S., Apple seems to be very worried that the conflict might end up affecting its sales and revenues of iPhones, at least for the short term. Rising iPhone prices Market analysts predict that prices of iPhones will ...
After recent talks between the U.S. and China failed to offer any sort of end to the ongoing trade war, market experts are worried that the conflict might last longer than expected. Post the talks, America increased tariffs on US$200 billion worth of Chinese imports to 25 percent. Meanwhile, China has announced that it would increase ...
The crop-eating fall armyworm has been found in 11 provinces in China as of May 9, now threatening the production of staples such as corn, rice, and wheat in about a third of the country since it was detected in late January. This plague of armyworms threatens China’s food supply. Along with African swine fever, ...
Soybean farmers in America are getting nervous as the U.S.-China trade war drags on. According to the U.S. Department of Agriculture (USDA), China’s 2019 soy import will fall for the first time since 2004. Since September 1, China has only committed to purchasing 11 million tons of soybeans from America, down from the 28 million ...
When China released its GDP data for the first quarter of 2019, most economists were surprised. The country had performed better than expected. GDP growth in the January-March quarter was pegged at 6.4 percent, beating estimates that projected a 6.0-6.3 percent growth. While this brought some cheer to the markets, experts warn that investors should ...
While most market experts believe that China’s current economic slowdown is primarily driven by its trade conflict with the U.S., economist Stephen Roach suggests that this may not be the case. He thinks that the slowdown in the Chinese economy is mostly “self-inflicted.” China slowing down “There’s downward pressure on the Chinese economy. A lot ...
After news of the Chinese manufacturing sector suffering a contraction in December broke out, the Australian dollar sank in response. Due to Australia’s high dependency on Chinese exports, many believe that the Australian dollar might suffer even more in the future. Declining Australian dollar China’s official Purchasing Managers Index (PMI) slipped to 49.7 in December ...
© 2024 nspirement. All rights reserved
