Trump says he'll raise tariffs on $200bn of Chinese goods
06 Mai, 2019, 19:00 | Auteur: Anatole Charbonneau
A spokesman for the Chinese government said its envoys continue to prepare for a trip to the United States for trade talks, although there were concerns in the aftermath of Trump'stweet that Beijing might back out to avoid looking weak in the face of American pressure.
Financial markets have not taken the unexpected escalation in trade tensions well.
Trump complained on Sunday.
In a note to clients, an analyst for Raymond James said that although Trump has in the past used the threat of more tariffs as negotiating leverage, that doesn't appear to be the case this time. The U.S. had been targeting May 10 to announce a deal, that would be finalized and signed by Trump and Chinese President Xi Jinping later at an official summit, people familiar with the negotiations said last week.
Trump made the threat in two tweets, in which he claimed the 25% tariffs on more than $50 billion of technology exports and 10% on over $200bn of goods have been born by China and are "partially responsible for our great economic results". The U.S. releases the April CPI report Friday.South Korea's markets are closed Monday for a holiday.
"The probability of a no-deal scenario is now elevated and markets will have to price that accordingly", said Mona Mahajan, U.S. investment strategist at Allianz Global Investors, New York.
Mr Trump on Sunday warned he would lift tariffs on $US200 billion ($287 billion) worth of Chinese goods from 10 per cent to 25 per cent by Friday, reactivating a threat he delayed indefinitely months ago.
Trade-war proxy stocks tumbled Monday, with ZTE down as much as 13 percent in Hong Kong and pork producer WH Group falling 12 percent.
Ramadan 2019: Why is it so important for Muslims?
Saudi Arabia , Qatar, and the majority of European countries will also celebrate the first day of Ramadan on Monday. Fasting, held from dawn to dusk during Ramadan, is one of the Five Pillars (fundamental religious duties) of Islam.
The Dow dropped 450 points at opening bell on Monday morning as President Trump threatened new tariffs against China amid stalled trade talks.
United States stock futures pointed to a lower open on Wall Street.
What Our Economists Say: "Without more information, it's hard to know how to interpret Trump's tweets". But all bets could be off if the trade deal investors had anticipated as soon as this week proves beyond reach.
Mindful of his 2020 re-election bid, Trump suggested the measures were not leading to price increases for U.S. consumers.
One source told CNBC the threat to lift tariff rates is a message to Chinese Vice Premier Liu He to not come to the U.S. with more "empty offers". He also warned he would tax almost all of China's exports to the United States.
Nevertheless, the president's aggressive strategy drew rare bipartisan support from U.S. Senate Democratic leader Chuck Schumer, who urged Trump to "hang tough" in a tweet: "Don't back down. So, it's likely to see a longer trade war", the expert said, speaking on condition of anonymity due to the sensitivity of the topic.
"We see the weekend's developments as a negative catalyst for the market, not only because of where investor expectations have been regarding the deal, but because of the downward earnings revisions that are likely to occur if the tariffs are expanded, " said Lori Calvasina, head of USA equity strategy at RBC Capital, in a note to clients.
"The president is, I think, issuing a warning here, that, you know, we bent over backwards earlier, we suspended the 25% tariff to 10 and then we've left it there. It's looking very good", Trump had said.
Cette menace, proférée alors que les discussions entre Washington et Pékin semblaient avancer , a déstabilisé les investisseurs. Dans la foulée de ces déclarations, les Bourses asiatiques ont dégringolé lundi.
In addition, activities to transfer enriched uranium out of Iran in exchange for natural uranium could be sanctionable. According to nuclear inspectors, Tehran has kept its nuclear program within the main limits imposed by the accord.
However the results exclude Kraft Heinz, one of Mr Buffett's biggest investments, as the company's numbers are not yet out. The US investment guru said he would like his firm, Berkshire Hathaway , to be better known across the Atlantic.
The picture is less clear for insect species, but available evidence supports a tentative estimate of 10 percent being threatened. Almost 75 per cent of all freshwater resources are now used for crop and livestock rearing activities.
Another home hero, the world number 39 Li Haotong, recovered from a sloppy 73 on day two with a fine 66 that got him to 10-under. Wu did birdie 16 and is still in the hunt after a level-par third round 72 left him on 13-under, four behind Hebert.
The Wall Street Journal , citing unidentified sources, said China's government was considering cancelling this week's talks. The US has imposed tariffs on Dollars 250 billion of Chinese goods, having accused the country of unfair trade practices.
The gala, still scheduled for May 14, is also set to honor US Secretary of State Mike Pompeo as its American recipient. Originally the event was to take place in the Museum of natural history of NY - the Museum, however, sprang finally.
It has since imposed 10 per cent tariffs on $US200 billion in Chinese imports and 25 per cent tariffs on another $US50 billion. Once he took office, Trump's relationship with his Chinese counterpart, Xi Jinping, seemed to get off to a good start.
Holland won three Stanley Cups and four Presidents' Trophies as Red Wings' general manager, with 13 100-point seasons. Dreger also reported Holland will have autonomy with the Oilers while Nicholson could take on a bigger role.
Microsoft Build begins today, May 6th, at 8:30am PDT
In a blog post, Microsoft has already detailed some of the biggest trends that will hog the limelight at the Build 2019. This is the company's biggest event when it comes to discussing the development of their products.
Changes announced for CBS News anchor lineup
Norah O'Donnell, now a co-anchor of " CBS This Morning ", will be the new anchor and managing editor of the " CBS Evening News ". CBS News replaced him with John Dickerson , who had hosted "Face The Nation,"and added a fourth anchor, Bianna Golodryga".
Death Toll From Ebola In DR Congo Passes 1000
The Merck vaccine will still be used in "ring vaccination" of people exposed to the virus and their contacts, he said. WATCH: Can Uganda block Ebola's spread from neighboring Congo? Some people have fled, or attacked health workers.
Beware of One-Ring Robocall Scam
If an unknown number with a "222" area code rings up your phone in the middle of the night - don't call back. There have been widespread overnight calls reported in NY and Arizona.
Campbell, Hope blow away Ireland
The West Indies stars achieved the milestone during the ongoing first ODI of the tri-series against Ireland in Dublin . On Sunday, though, Campbell and hope ended up registering the second-highest ever partnership for any wicket in ODIs.
Japanese startup sends rocket into space
It's capable of carrying payloads as significant as 20 kilograms (44 lbs ) but now lacks the ability to ship them to orbit. The company said the feat marked the first time a Japanese commercial rocket has been launched into space.