Trade war fears and tech jitters stalk global stock…

Eileen GuzmanApr 05, 2018

But as CBS2's Alice Gainer reported, the fears aren't gone yet.

China issued a $50 billion list of more than 100 US goods including soybeans and aircraft targeted for a possible 25 percent tariff hike.

Boeing and Caterpillar led a slide in big USA manufacturers and technology companies that bore the brunt of the deepening U.S.

The Trump administration on Tuesday released a list of 1,300 imported Chinese products, including industrial robots and telecoms gear, subject to potential tariffs to protest Beijing's alleged theft of US technology. Over the past ten years China has on average imported 62% of the worlds export soybeans, this places a huge strain on China's ability to find alternate origins, especially in light of the United States providing 40% of the worlds exports.

"The U.S. list suggests that the government is targeting the "Made in China 2025" initiative, while China's retaliation intends to bring Americans back to the negotiation table", said Zhou Hao, an economist at Commerzbank AG in Singapore, said in an email. If we aren't in a trade war, but we aren't letting this continue, what exactly is going on? Joni Ernst, R-Iowa, said. "In the event of all-out trade war, both may lose all sense of reason, but I do hope it will never happen".

"China's response carries both economic and political weight as agricultural states are major supporting regions for Trump", said Monica Tu, an analyst at Shanghai JC Intelligence Co.

To minimize the cost to China, regulators picked products for which replacements are available, such as soybeans from Australia or Brazil, said Tu Xinquan, director of WTO studies at the University of International Business and Economics in Beijing.

More: 401 (k): What stocks, industries are vulnerable in a trade war? "This is about holding to the laws and the customs of free trade and holding violators to account", he said.

The trade war between the United States and China has become far more rancorous in the last 24 hours.

USA stocks recouped all of their earlier losses in another rocky trading day as Wall Street bet that tariff threats and tough talk on trade from China and the Trump administration was likely a negotiating tactic and that the sides would eventually reach a deal to avoid a trade war. "We can not let this continue!" he said. Officials signaled that the implementation of the proposed measures would depend on when the US applied its own, and that there was still time for both sides to agree to a settlement.

"HFPA members should request certifications from your suppliers, especially in China, that they do not use North Korean labor", said Leo. People do not seem willing to have such consultations to address the issues in a constructive way, in a mutual and beneficial way.

Crude bounced off session lows after USA data showed a weekly decline in crude stocks, instead of the increase analysts had expected.

Intensifying diplomatic competition also covers multiple regions including the South China Sea, Southeast Asia, the Indian Ocean, Central Asia, the Korean peninsula, Africa and Latin America.

Related Articles:



« Previous article
Next article »


Popular Pages

Australia's captain Smith suspended after ball-tampering scandal
There is a sense among many in Australian cricket circles that the bans were too harsh given the International Cricket Council's maximum punishment for ball tampering is a one-Test ban.

Grindr Sets Off Privacy Firestorm After Sharing Users' HIV-Status Data
The company states that this option is backed by LGBT+ groups and worldwide health organisations. Case also said that Grindr was being unfairly singled out .

CHP: Hart family crash believed to be 'an intentional act'
On Wednesday, the Mendocino County Sheriff's Office will expand its search effort for the three missing children, Barney said. The Department of Social and Health Services had no prior history with the family, said Norah West, an agency spokeswoman.

'Stranger Things' creators sued for allegedly stealing show's plot
The creators behind the hit Netflix series " Stranger Things " are being sued for allegedly stealing concepts for their show. A representative for the Duffer brothers did not immediately return CNN's request for comment.

John Giannandrea, Google's AI head, joins Apple
Giannandrea joined Google in 2010 when it purchased Metaweb , a start-up where he served as chief technology officer. Currently, both Google and Facebook are powerhouses when talking about AI, followed by Amazon and Microsoft .

OnePlus 6 First Official Teaser Released; Expected to Launch Soon
The smartphone is said to run Android 8.0 Oreo operating system out-of-the-box and is also expected to receive Android P update. Preceding this, OnePlus CEO Pete Lau affirmed the nearness of a score on OnePlus 6 of every a cooperation with The Verge .

Central American Migrants Stalled In Southern Mexico
Customs and Border Protection's mission. "Under no circumstance does the government of Mexico promote illegal migration", it said. She said she is also considering seeking asylum in Mexico, but worries she couldn't support her daughters from Mexico.

Labour leader Jeremy Corbyn attends left-wing Jewish group's event
Jewish comedian David Baddiel , a vocal campainger against anti-Semitism, said: "They are just Jews who disagree with other Jews". Let us not quibble over words - anti-Semitism is racism pure and simple and it just can not be tolerated in any modern democracy.

All The Security Updates to Expect From Apple's New iOS 11.3
It was a partnership that shook up the PC industry and saw Apple shift away from chips co-developed by IBM and Motorola. A United States software firm estimated that Apple's business accounts for about 5 percent of Intel's annual revenue.

SpaceX launches cargo to space station using recycled rocket, spaceship
SpaceX will not attempt to land the tall portion of the rocket, known as the booster or first stage, after launch, she said. Aboard the Dragon spacecraft, which was launched into space on April 8, 2016, will be roughly 5,800 pounds of cargo.