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Lord Snow έγραψε: 22 Ιουν 2018, 00:12 Το τζινι δεν ξαναμπαινει στο μπουκαλι. Ας προσεχαν οι fans της αορατης χειρος.

Υδράργυρος έγραψε: 22 Ιουν 2018, 00:19 Οι ευρωπαιοι το ξερουν οτι δεν τους παιρνει για πολεμο με τις ηπα

Uppercut έγραψε: 22 Ιουν 2018, 00:14

2.8 billion euros ($3.2 billion) worth of U.S. goods,

Ω θεοί, μη!!!

It’s official: The United States and China are in a trade war after the Trump administration imposed tariffs at 12:01 a.m. Friday on $34 billion worth of Chinese products.

Beijing immediately retaliated with its own penalties. The Chinese government is targeting a range of American products with tariffs, including pork, soybeans and automobiles.
...
As of Friday morning, companies like Husco International, a Wisconsin-based manufacturing company that makes parts for companies like Ford, General Motors, Caterpillar and John Deere, now face a 25 percent increase on a variety of parts imported from China. Austin Ramirez, Husco International’s chief executive, said that increase would immediately put him and other American manufacturers at a disadvantage to competitors abroad.

“The people it helps most of all are my competitors in Germany and Japan, who also have large parts of their supply chain in Asia but don’t have these tariffs,” he said.
...
For now, it is unclear how — or whether — the trade war might conclude. On Friday, China’s, Ministry of Commerce said the United States “has launched the biggest trade war in economic history so far,” and President Trump on Thursday continued to threaten Beijing with escalating tariffs on as much as $450 billion worth of Chinese goods.

Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US
President Donald Trump has indicated he is willing to put tariffs on all $505 billion of Chinese goods the U.S. imports.
The rhetoric ramps up the U.S.-China trade war another step, though each country has issued just $34 billion in tariffs so far.

Dwarven Blacksmith έγραψε: 20 Ιούλ 2018, 21:41

Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US
President Donald Trump has indicated he is willing to put tariffs on all $505 billion of Chinese goods the U.S. imports.
The rhetoric ramps up the U.S.-China trade war another step, though each country has issued just $34 billion in tariffs so far.

https://www.cnbc.com/2018/07/19/trump-s ... nese-.html

dna replication έγραψε: 20 Ιούλ 2018, 22:41 https://twitter.com/realDonaldTrump/sta ... 1339399168

Currency War Erupts, Threatening to Ripple Across Global Markets
By Katherine Greifeld
July 20, 2018, 7:18 PM GMT+1

The currency war has arrived.


So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. U.S. President Donald Trump took to Twitter Friday to accuse China and the European Union of “manipulating their currencies and interest rates lower.” The comments came after the yuan on Friday plunged past 6.80 per dollar for the first time in a year and as the nation’s central bank shows little sign of intervening to stem the slide.

As the world’s two largest economies open up a new front in their increasingly acrimonious game of brinkmanship, the consequences could be dire -- and ripple far beyond the U.S. and Chinese currencies. Everything from equities to oil to emerging-market assets are in danger of becoming collateral damage as Beijing and Washington threaten the current global financial order.

“The real risk is that we have broad-based unravelling of global trade and currency cooperation, and that is not going to be pretty,” said Jens Nordvig, Wall Street’s top-ranked currency strategist for five years running before founding Exante Data LLC in 2016. “Trump’s rhetoric over the last 24 hours is certainly shifting this from a trade war to a currency war.”

China’s shock devaluation of the yuan in 2015 provides a good template for what the contagion might look like, according to Robin Brooks, the chief economist at the Institute of International Finance and the former head currency strategist at Goldman Sachs Group Inc. Risk assets and oil prices would likely tumble as worries about growth arise, hitting currencies of commodity-exporting countries particularly hard -- namely, the Russian ruble, Colombian peso and Malaysian ringgit -- before taking down the rest of Asia.

“Asian central banks will initially try to stem currency weakness through intervention,” Brooks said. “But then Asian central banks will step back, and in my mind, the big underperformer on a six-month horizon could be EM Asia.”

To read a QuickTake on currency wars, click here.

Whether the People’s Bank of China attempts to anchor the dollar-yuan exchange rate near 6.80 to avoid further escalation is key, according to Nordvig. He says European Central Bank President Mario Draghi may elect to step into the fray at the ECB’s July 26 policy meeting, given American attempts to talk the dollar down in January were extremely unpopular in Frankfurt.

The Bloomberg Dollar Spot Index fell as much as 0.8 percent Friday, the most since March. The euro was up 0.8 percent to $1.1730 as of 2:14 p.m. New York time, while the yen was 0.9 percent stronger.

The Treasury Department declined to comment when asked whether the U.S. was entering a currency war.

The greenback will likely continue to suffer as investors heed Trump and back out of long dollar wagers, according to Shahab Jalinoos, Credit Suisse Group AG’s global head of FX trading strategy. Hedge funds and other speculators are the most bullish on the currency in over a year, according to the latest data from the Commodity Futures Trading Commission.

“It has now been virtually defined as a currency war by the U.S. president, given that he explicitly suggested foreign countries are manipulating exchange rates for competitive purposes,” Jalinoos said. “The barrage of commentary will likely force the market to scale back long dollar positions.”