Stocks steady after early plunge on trade war fears

05 April, 2018, 01:49 | Author: Shannon Aguilar
  • Trade war with China: What you need to know

That's in response to 1,300 Chinese products that might be subjected to 25 percent tariffs from the U.S. Here are some of the winners and losers.

"Now, we have a trade deficit of 500 billion dollars a year, with Intellectual Property Theft of another 300 billion dollars".

China's Commerce Ministry also threatened to take legal action against the USA through the WTO, and urged Washington to "pull back from the brink, make prudent decisions, and avoid dragging bilateral trade relations to a risky place".

Beijing was responding to an announcement hours earlier by Trump's administration outlining proposed tariffs on 1,300 imported Chinese products, including industrial robots and telecoms gear, to protest China's alleged theft of us technology.

Publication of Washington's list starts a public comment and consultation period expected to last around two months.

Oil dropped to a two-week low as the speed with which Beijing responded - 11 hours - to US measures raised the prospect of a quickly spiraling trade war that could hurt the global economy and dent crude demand. "USA footwear tariffs stifle innovation and job creation and raise the cost of shoes for every American".

U.S President Trump had only recently stated that it was easy to win a trade war. In response, China on Sunday slapped tariffs on $3 billion on agricultural products from the US including hog parts, wine, fruit and nuts. "While U.S. tariffs on all consumer goods average just 1.3 percent, they average 11 percent for footwear and reach rates as high as 67.5 percent".

Asked to explain the President's tweet and if he agreed with the sentiment that you can't lose a trade war, Kudlow replied: "I'm not sure what exactly he's referring to".

China hits USA soybeans, cars, planes with retaliatory tariffs
The yield on the 10-year US Treasury note fell to 2.76% as investor demand for the steady returns of bonds shot up their prices. China expresses " strong dissatisfaction " over the decision, adding that it "aggravates the global trade environment".

Bill Cosby trial judge delivers defense 2 big victories
Members of the jury at the retrial will also hear from an additional five women who have accused Cosby of sexual misconduct. Montgomery County President Judge Thomas DelRicci scheduled a Wednesday morning hearing on the news media's legal challenge.

Guardiola focused on Liverpool in UCL, not Manchester derby
Liverpool are the only team to beat Man City in the Premier League this season as they earned a remarkable 4-3 victory in January. The Belgian playmaker said: "If they score you know it is going to get a bit more heated than if we score".

Brown Brothers Harriman's chief currency strategist Marc Chandler said via Twitter that the key now is "whether the USA retaliates against China's retaliation".

When reports surfaced last month that President Donald Trump planned to impose sweeping tariffs on imports from China, 82 footwear retailers, including Nike, Wolverine Worldwide and Clarks, sent a letter to the White House expressing "strong concern".

The Distilled Spirits Council asked the US and China to reach a resolution without subjecting USA whiskey to more tariffs which it said would harm Chinese consumers, its hospitality sector and US whiskey exporters. David Petraeus considered the situation and said to a reporter, "Tell me how this ends". The tariffs on US soybeans could ultimately drive up costs for Chinese pig farmers and meat prices for 1.3 billion citizens.

US benchmark 10-year notes fell 2/32 in price to yield 2.7917 percent.

Oil prices slipped with Brent crude futures off 75 cents to $67.38 a barrel, while US crude fell 73 cents to $62.78 a barrel.

Trump has consistently attacked China for the large trade deficit between the two nations, which totaled $375.2 billion in 2017, and requested the Chinese government find a way to shrink the gap by $100 billion.

And both the United States and China acknowledge they are in active negotiations.

There are options at home, including tapping the government's emergency strategic reserves and rejigging the ingredients that go into feed, analysts, experts, traders and buyers at feed mills say.


  • The stock markets appraised Spotify on 30 billion United States dollars

    The stock markets appraised Spotify on 30 billion United States dollars

    No Initial Public Offering means that there are no investment banks to underwrite (or sponsor) and price the offering. Analysts' advice, however, is that companies are not to be misled by Spotify's first day on the market.
    Trump threatens to stop aid to Honduras unless caravan is stopped

    Trump threatens to stop aid to Honduras unless caravan is stopped

    Early on Tuesday, President Trump called out the 1,000-person caravan of immigrants traveling toward the USA border. Trump spoke about renegotiating NAFTA and building a border wall that would produce solar power during the rally.
    Egypt's Sisi sweeps vote with 97pc, turnout down

    Egypt's Sisi sweeps vote with 97pc, turnout down

    Morsi's removal in 2013 ushered in a deadly crackdown that killed and jailed hundreds of Islamists. Opposition groups had called for a boycott of the week's vote which they labelled a charade.
  • Spider-Man 'never' coming to Xbox One, confirms Insomniac

    Spider-Man 'never' coming to Xbox One, confirms Insomniac

    Developed by Ratchet & Clank's Insomniac Games' , Spider-Man is an open-world action-adventure game based on Marvel's web-slinger. Residents in the US and Canada who pre-order this edition will also receive a collectible pin via mail as an additional bonus.
    United Kingdom  scientists unable to identify Russian Federation  as source for nerve agent

    United Kingdom scientists unable to identify Russian Federation as source for nerve agent

    Putin said the type of the nerve agent used in the March 4 poisoning could be made in some 20 nations. Russia responded to those expulsions by kicking an equal number of British officials out of Russia.
    Boy Survives After Falling Into Drainage Pipe At LA Park

    Boy Survives After Falling Into Drainage Pipe At LA Park

    Shortly after 10 p.m., LAFD announced that specialized "closed circuit" cameras were being brought in to further the search. The team mounted a camera on a flotation device that was tethered to a rope and extended 300 feet down a pipe.
  • Man arrested on suspicion of assault, abuse

    Man arrested on suspicion of assault, abuse

    He then allegedly patted him down and told he was "lucky" he wasn't being arrested and then left, Roechner said. Drzewiecki said officers attempted to find the man back at the home but he didn't answer the door.
    NASA's new X-plane: The next sonic boom

    NASA's new X-plane: The next sonic boom

    NASA is engaging in the project as three companies are working to develop new-generation supersonic civilian aircraft. The age of supersonic commercial flight ended with the last Concorde flight in 2003.
    Facebook execs defend selves after 'ends justify the means' memo

    Facebook execs defend selves after 'ends justify the means' memo

    Facebook was under fire those days because of a live stream that contained the shooting footage of a Chicago man. At least some Facebook critics accepted Bosworth's defense that he'd merely been trying to provoke.
  • Panera Bread's website involved in a data leak

    Panera Bread's website involved in a data leak

    Panera Bread, however, has downplayed the severity of the data leak, telling Fox News "only 10,000 customer records were exposed". Panera Bread said the security issue was resolved this week and that it would have only impacted 10,000 customers or fewer.
    De Bruyne: I can not  be compared to Salah

    De Bruyne: I can not be compared to Salah

    He's well on his way to smashing the Premier League record for number of goals in a 38-game season, which now stands at 31. The two players are expected to headline Wednesday's Champions League match between the two English Premier League teams.
    Blac Chyna filmed trying to hit woman with stroller at theme park

    Blac Chyna filmed trying to hit woman with stroller at theme park

    Just hours before she had been filmed trying to throw the vehicle and was held back by a gathering crowd during the furious fight. Those particular tweets have since been deleted, but Lex's timeline is still full of tweets and retweets about the ordeal .


Trump sues California over sales of USA lands
Asking about citizenship, the lawsuit said, "will fatally undermine the accuracy of the population count". The plaintiffs, led by New York Attorney General Eric Schneiderman, saw an ulterior motive.

Justice Department authorized Mueller to investigate allegations that Manafort colluded with Russia
Manafort is charged with money laundering and tax fraud related to his lobbying work for a pro-Russia political party in Ukraine. Manafort has sought to have the case dismissed, arguing that the charges against him are outside of Mueller's authority.

HMD pilots online platform for Nokia handset sale; plans enterprise sale too
Overall the device feels bold and Nokia claims to have built the device from a single block of aluminum for extra durability. That's surprising as nearly all other recently launched flagships of other brands are shipped with Snapdragon 845 SoC.

Gender pay gap: What happens to firms that miss deadline?
Theresa May's article comes ahead of Wednesday's midnight deadline, which applies to some 9,000 firms across the United Kingdom . In a piece in the Telegraph , Prime Minister May emphasised the importance of tackling gender parity with regards to wages.

NCAA Championship: Villanova wins second national title in three years
The No. 1-seeded Wildcats finished their season with a 79-62 win in the championship game against the No. 3 Michigan Wolverines . Everything was decided, all drama eliminated, by the time the final minute of the 2018 national championship game approached.

Mayor Mayo proclaims April as Child Abuse Prevention Month
If your business or organization is interested in hosting a pinwheel garden during April, just call Sara McBroom at 318-398-0945. The Family Resource Center works with families that may have already experienced abuse or neglect or are considered at-risk.

United Nations chief urges warring Yemeni parties to reach peace deal
Saudi Arabia accuses Iran of supplying missiles to the Houthis , who have taken over the Yemeni capital Sanaa and other parts of the country.

Intel's new Core i9 chips could make laptops feel like desktops
The new H-series CPUs sit between the company's U-series - made for thin and light notebooks - and its powerhouse G-series units. Overall, the 8th Gen Core i9 is 29 percent better in performance compared to the previous generation 7th Gen Core i7.

Killed In Borno Boko Haram Attack
Security officials had warned that talks would be hard because Boko Haram is split into competing factions. Boko Haram has killed more than 20,000 people in its nine-year effort to establish Shariah law in Nigeria.

Bochy hits milestone with Friday's win at Dodger Stadium
Two innings later, Posey started the sixth with a double and even stole third, but the Giants were unable to bring him home. The former NL MVP laced up his cleats for his new team on Thursday night for the team's win over the Los Angeles Dodgers .