The Trump administration has announced after failing to resolve trade matters with China it will impose tariffs on approximately $200 bln worth of imports from China effective Sept. 24
General Motors Warns Tariffs Will Lead to Smaller GM and Less Jobs
General Motors filed on Friday with the U.S. Commerce Department warning that the expansive U.S. tariffs on imported vehicles being considered by the Trump administration will damage $GM, U.S. jobs and American global presence.
A Quarter of Chinese Stocks Crash 10% as Trump Threatens Another $200 Billion in Tariffs
Stock markets opened lower on tuesday as investors eyes shifted from last week’s Federal Reserve policy statement to President Trump hitting China with threats of another $200 billion in tariffs. Shanghai markets were routed with over 1000 stocks falling 10%.
What China President Xi New Phase of Opening Up Means
Stock markets rallied hard in relief after China’s President Xi Jinping said “The investment environment is like air, (and) only fresh air can attract more people” in a conciliatory Bo’ao Forum speech. U.S. President Trump responded respectively. What’s next?
How The Rusal and Ruble Plunge Fed China’s Xi New Outlook
The Russian Ruble fell around 4% against the USD after the latest sweeping U.S. sanctions from the US. Russia’s largest aluminium producer Rusal plunged into crisis leading to panic selling and contagion spread to other companies and bond and FX markets.
China Retaliates Tit For Tat on Trade Roiling Markets
Stocks and commodity markets fearful of trade wars.
Stock Markets Crash as China Tariffs Scare Investors
Stock markets crashed lower on Thursday as investors eyes shifted from Wednesday’s Federal Reserve policy statement to President Trump hitting China with 25% tariffs on $60 billion of Chinese goods and became fearful of trade wars.