Tag Archives: Trade war


Global-stocks

Major global share markets tumble as recession fears grow

08 August, 2019 3:45 am 3:45 am

NEW YORK – Panic gripped Wall Street on Wednesday as investors fled shares amid fears over a US-China trade war and the health of the global economy. The three main stock markets closed 3% down, with analysts pointing to signals the US may be heading for recession. Weak data from Germany and China, and another … Read More



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Oil dives nearly 5% to seven-month low on surprise US stock build, trade wa...

08 August, 2019 12:39 am 12:39 am

HOUSTON (Reuters) – Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in US crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing. Brent crude futures LCOc1 settled down $2.71, or 4.6%, at $56.23 a barrel, the … Read More



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Trump rejects fears of trade war; China sees severe global impact

08 August, 2019 9:00 am 9:00 am

WASHINGTON/BEIJING/SHANGHAI (Reuters) – US President Donald Trump rejected fears of a protracted trade war with China despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order. Trump, who announced last week he would slap a 10% tariff on a further $300 billion in Chinese imports … Read More



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Oil plunges 3% as trade war concerns hit demand outlook

08 August, 2019 12:35 am 12:35 am

NEW YORK (Reuters) – Global oil benchmark Brent futures fell more than 3 per cent on Monday on global growth concerns after US President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude LCOc1 fell $2.08, or 3.36%, to settle at $59.81 … Read More



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China’s economy grows at slowest pace in second quarter since 1990s

07 July, 2019 8:54 am 8:54 am

BEIJING (Web Desk) – China’s economic growth slowed in the second quarter to its weakest pace since the early 1990s, official figures showed. In the three months to June, the economy grew 6.2% from a year earlier. The result was in line with forecasts. China has moved to stimulate its economy this year by boosting … Read More



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Oil prices tread water as market eyes global geopolitical risks

07 July, 2019 9:45 am 9:45 am

TOKYO (Reuters) – Crude oil prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-US trade war on the global economy, although last week’s better-than-expected US jobs data offered some support. Brent crude futures LCOc1 were down 3 cents by 0300 GMT at $64.20. U.S. West Texas Intermediate … Read More



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Trump, Xi set for high-stakes trade war talks in Japan

06 June, 2019 8:43 am 8:43 am

OSAKA (Reuters) – US President Donald Trump and Chinese President Xi Jinping are set for a high-stakes meeting in Japan on Saturday that could salvage trade talks or plunge the world’s two largest economies into a deeper trade war. The dispute has already cost companies in both countries billions of dollars, disrupted global manufacturing and … Read More



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Huawei shipments could fall by up to a quarter this year: analysts

05 May, 2019 9:59 am 9:59 am

HONG KONG/SHANGHAI (Reuters) – China’s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world’s second-largest smartphone maker by volume, could tumble between 4% and 24% in … Read More



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Trade wars cost US, China billions of dollars each in 2018

12 December, 2018 8:55 am 8:55 am

CHICAGO (Reuters) – The US , China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology  and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, it had an … Read More



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Japan exports fall for first time since 2016 as trade war fears mount

10 October, 2018 8:19 am 8:19 am

TOKYO (Reuters) – Japan’s exports fell in September for the first time since 2016 as shipments to the United States and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact of an escalating Sino-US trade war. The data comes days after a Reuters poll showed a third of … Read More



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Japan calls for early solution to US-China trade war

09 September, 2018 9:11 am 9:11 am

TOKYO (Reuters) – Japanese Economy Minister Toshimitsu Motegi on Tuesday called for an early solution to the escalating trade war between the United States and China, saying no country wanted tit-for-tat tariff retaliations. He also reporters that Japan and the United States would likely make an announcement shortly on when they will hold their next … Read More



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Trade war puts new strains on America Inc’s factories in China

08 August, 2018 8:46 am 8:46 am

SHENZHEN (Reuters) – Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America’s biggest retailers. That era may now be … Read More



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