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.

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