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Trade, technology and security at risk in US-China feud
BEIJING (AP) — They have the largest economies in the world. They spend more than anyone else on their militaries. From high-tech chips to control of the high seas, their interests are closely intertwined. The ongoing sharp deterioration in U.S.-China ties poses risks to both countries and the rest of the world. In the latest …
Gold prices touch record high amid coronavirus worries, U.S.-China tensions
Ktsdesign | Science Photo Library Gold touched record prices as worries over issues such as the coronavirus pandemic as well as U.S.-China tensions weighed on investor sentiment. In the morning of Asian trading hours on Monday, spot gold traded at about $1,931.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels …
Does the US/China struggle for global technology create an opportunity for Canada?
Governments around the world are recognizing the fragility of supply chains, not only to pandemics, but also to political stresses. No ecosystem is more critical than the global electronics supply chain. All industrial sectors from healthcare to cleantech to the device on which you are likely reading this article depend on semiconductors – the enabling …
Technology is set to be the main front in the US-China trade war
Despite the fanfare, the phase 1 agreement that the US and China signed last week does not represent a truce in the ongoing trade “war”. It is not even a temporary ceasefire, as tariffs mostly remain in place and there is no indication how or when they will be lifted. The deal is at best …
US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year. In exchange, Washington has agreed to …
Asian stocks rebound on renewed hopes of US-China trade deal — Asian market latest
Japan’s Nikkei 225 (N225) advanced as much as 1% in early trading. It was last up 0.7%, still leading gains in the region. Investors are also looking ahead to details of a $120 billion stimulus package in Japan that could come out as soon as Thursday. Hong Kong’s Hang Seng (HSI) gained 0.3%. China’s Shanghai …
What a ‘no-deal’ U.S.-China trade scenario would mean for stocks and bonds
Imagine there’s no trade deal and that the U.S.-China battle is left to rumble on through most of next year instead. That scenario is one that stock-market participants must now debate as equities tumbled Tuesday after President Donald Trump indicated he’s in no hurry to complete any accord with Beijing and that it might be …
Positive signals grow on U.S.-China trade deal
U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He discussed progress in the talks in a phone call Monday. China’s Ministry of Commerce said the two sides discussed how to resolve core concerns and reached consensus on how to resolve related issues, according to an informal translation of an …
Breaking: Dow Jones Hits Record High, Jumps 100+ After US-China Trade Talks
The Dow Jones Industrial Average reached its record high Monday morning; rising more than 100 points as US-China trade negotiations move forward. “The Dow Jones Industrial Average reached a milestone on Monday as investor sentiment was lifted by optimism around a potential U.S.-China trade deal,” reports CNBC. “The 30-stock index rose 128 points, or 0.5% …
US-China trade hopes are carrying Asian markets higher — Asian market latest
Markets in Asia were following last Friday’s Wall Street gains, as investors appear confident the so-called “phase one” US-China trade agreement is going to happen. The US Trade Representative’s office said on Friday that the two sides could be close to finalizing parts of a trade deal. Hong Kong’s Hang Seng Index (HSI) rose 1.2% …
