Stocks bounce as China blinks on trade

Stocks bounce as China blinks on trade

Investors were unnerved by President Donald Trump's threats of tariffs on an additional $100 billion in Chinese imports as the U.S. president hit out at China's "unfair retaliation" to a prior Trump announcement of $50 billion in tariffs on Chinese goods. Now that China and the US are both "even" in terms of self-inflicted misery, maybe they'll come to their senses and back off, or maybe they'll dig down and continue the trade war.

Republican Senator from Nebraska Ben Sasse said, "Let's absolutely take on Chinese bad behavior, but with a plan that punishes them instead of us".

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018.

How has the Chinese government had an edge over the United States?

Jane 'Buckskin Girl' Doe identified after 37 years
Chief Deputy Steve Lord said King's mother has long hoped her daughter's murder would be solved. An autopsy found that the young woman was killed by strangulation and blunt force trauma.

Pakistan court bans ex-PM Sharif from elections for life
According to television news channels, the verdict was issued unanimously by all five judges of the bench. Following the verdict, both Sharif and Tareen have become ineligible to ever hold public office.

Fortnite is back, and Epic is apologizing with in-game gifts
Update - We'll be undergoing emergency downtime to deploy major upgrades to our database systems. In a measure towards resolution, matchmaking will be blocked for a short period .

China's proposed tariffs on fossil fuel imports from the United States could also see the Middle East gaining a greater share of Chinese trade. "China makes up 66 percent of our total soybean imports across the whole United States".

"Our expectation is that we don't think there will be a trade war; our objective is to continue to have discussions with China".

The stock market has been jittery during the past couple weeks due to concerns about a potential trade war brewing between the United States and China. Trump responded in a tweet saying he was "thankful" for Xi's remarks on tariffs and access for USA automakers, and said both countries would "make great progress together". The United States exported almost $130 billion in goods to China in 2017. The United States now accounts for less than 5% of China's imports of the commonly used plastic, the bank's analysts said, but that number is expected to triple over the next two years if the tariffs aren't imposed. Last week, President Trump announced tariffs on $50bn worth of Chinese goods; Beijing then responded in kind, triggering a second round of tariff barriers.

The next salvo came Tuesday when the Trump administration announced 25% tariffs on $50 billion in Chinese technology products, especially targeting the country's aerospace, information and communications, and robotics sectors. The Dow Jones industrial average fell 572 points Friday, and lost 0.7% of its value last week. If China were to suddenly sell or stop buying these treasuries in retribution, it would likely result in higher interest rates for US government debt and could shock the broader bond market. The continuous recent downward movements in world stock markets, including the ones in the United States and China, show what a nervous atmosphere prevails. "I don't expect there will be a trade war - it could be, but I don't expect it at all", he told CBS' "Face The Nation". Trump said in a tweet on Sunday. The Beijing government can pare back on its purchase of US debt. Furthermore, economic adviser Larry Kudlow, has said that "China is the problem".

Related News:



Most liked

Woman arrested in death of deaf sister in California
We were told they were investigating a double suicide, an attempt, and one of the people died. Police are trying to extradite Blackstone to Los Angeles from Baltimore.

Track and Field Gears Up For Benedictine Relays
Hayden Stewart added an RBI single making the score 8-4 going into the bottom of the sixth inning. Otten was third in the 3,200-meter run in 14:24.20 while Allgaier was fourth in 14:33.30.

Researchers say some Android phone makers hide missed updates
As I mentioned in the first step, the SnoopSnitch app isn't fully working on devices running Android 8.1 like the Pixel 2. Compared to flagships, cheaper phones are found to be skipping more patches, which also tend to use cheaper chips.

Eintracht Frankfurt coach Niko Kovac set to join Bayern Munich
Niko Kovac will take over from Jupp Heynckes as the coach of Bayern Munich this summer, according to a report in Germany . With Thomas Tuchel rejecting Bayer, it appears that Bayern are struggling to negotiate with Julian Nagelsmann , too.

Teen killed in minivan was trapped under third-row seat, official says
Hamilton County Sheriff Jim Neil has ordered an administrative investigation to make sure department protocols were followed. Mercy Montessori, where Kyle went for early education, released a statement saying, "Our Mercy hearts are heavy".

NHRC slaps notices on Centre, Telangana on sexual harassment in films
MAA announced that it would not give membership to Sri Reddy and will also banish anyone who works with her going forward. Maa association now removed the ban on her and even started a team to stop this casting couch issues.

Israel probing how pro-boycott Irish mayor came despite ban
Dublin City Council passed two resolutions endorsing the BDS movement on Monday. Israel had tried to block his entry through its airport.

Ex-Gopher Whalen new Minnesota women's basketball coach
She was a three-time All-Big Ten selection who led the Gophers to their only Final Four berth in 2004. "I'm ready to get started". Whalen may end up helping the Lynx to another title as well, considering she isn't going to stop playing either.

Shooter Shreyasi Singh Finishes Fifth in Women's Trap Shooting
Kyle Chalmers (AUS, swimming) - Four gold ( men's 200m freestyle, 4x100m freestyle, 4x100m medley, 4x200m freestyle), one silver. The 19-year-old young pugilist was defeated by Jason Whateley of Australia in Men's 91kg Semifinal 1 match at Oxenford Studios.

Amazon drops the price of the popular Ring Video Doorbell to $99.99
Shipment deals might increase as this deal is pretty tempting and Amazon will move a lot of these video doorbells today. In terms of integrations, all of Ring's doorbells work with Alexa, Google Assistant, IFTTT, and Wink.

President Trump's 'Post Office Scam' Feud With Amazon Just Got Hotter
Claims that Amazon is taking advantage of the Postal Service have not passed muster with fact checkers. Gerry Connolly, D-Va., a member of the House Oversight Committee, said in a statement to USA TODAY.

'Broad City' renewed for fifth and final season
Until then lets all drown our sorrows by remembering the greatest gift/curse that this pearl of a show gave us. The hit Comedy Central show will end after its fifth season, the network announced Thursday.

Elneny: We're ready to face any team in semi-final
With the Gunners on the attack, Welbeck passed to Elneny who then provided the striker with the ideal ball to slot home.

Trump threatens missiles: 'Get ready Russia'
There were signs, though, of a global effort to head off a unsafe conflict pitting Russian Federation against the West. What has Trump said about the attack? A US guided-missile destroyer, the USS Donald Cook , is in the Mediterranean.

Supreme Court Okays Release of Movie 'Nanak Shah Fakir'
The film was previously set to be released in 2015, but it was put on hold because of this controversy. The bench asked all the states to maintain law and order and ensure smooth screening of the film.