Trump’s Tariffs Will Make These Ordinary Things More Expensive

President Donald Trump’s trade war with China is probably going to cost you some money. The newest round of tariffs on Chinese goods was announced on Aug. 1 and targets consumer goods, including everyday items like clothes, shoes, video games, computers and toys.  Trump wrongly claimed earlier this summer that the U.S. wouldn’t be paying for the fallout from the […]

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China Exempts Certain Products From Tariffs

In this article China announced a range of U.S. goods to be exempted from 25% extra tariffs put in place last year, as the government seeks to ease the impact from the trade war without lifting charges on major agricultural items like soybeans and pork. Pharmaceuticals and lubricant oil are among exclusions to levies on imports announced by the Ministry […]

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Trump's G7 performance shows how he's living in a totally different reality and isolating the US from the rest of the world

It’s not unusual forPresident Donald Trump tospread falsehoods. But his performance at the G7 summit over the weekend shows that when it comes to his standing on the global stage, Trump lives in a different reality. Throughout the weekend, Trump made a number of misleading claims about key issues and his relationships with other world leaders. His actions also show […]

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S&P 500 Futures Slide as Traders Struggle to Price In Trade War

In this article Equity futures tumbled as trading resumed Sunday, with investors struggling with the increasingly complex task of assessing the impact of an escalating trade war on the economy and corporate profits. September contracts on the S&P 500 fell 1.3% as of 6:21 p.m. in New York, while futures on the Nasdaq 100 dropped 1.5%. The swings followed a […]

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Tim Draper Stretches His Bitcoin Price Prediction By a Few Months

The name “Tim Draper” is likely known to most cryptocurrency enthusiasts at this stage. As one of the world’s leading hedge fund managers, the man built a name for himself in the digital currency arena by serving as one of crypto’s earliest adopters. He has not only made predictions on its price, but has seemingly purchased crypto when, to an […]

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Bet on Make or Break Trade Moments Via the Aussie, BofAML Says

In this article Option trades on the Australian dollar may be the best way to bet on the next big turn in the U.S.-China trade saga as the September tariff deadline approaches, according to Bank of America Merrill Lynch. The Aussie has the most upside in any trade deal and the greatest downside in a full-blown trade war, strategists led […]

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U.S. Economic Growth Seen Stumbling as Trade Hits Companies

In this article Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer keeping things from looking even worse. Gross domestic product figures due Friday will likely show […]

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Trade War Threatens Chinese Factories’ Existence, Supplier Says

In this article Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  The world’s largest supplier of consumer goods says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions. China will see more factory shutdowns as the trade war […]

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U.S. To Say No To 5G Equipment Made Within China?

Amid the intensifying trade war between the United States and China, the Trump administration is considering whether to insist on places outside China for designing and manufacturing the next-generation 5G cellular equipment for domestic use, The Wall Street Journal reported. Citing people familiar with the matter, the report said the Government’s discussions include asking telecommunication equipment makers whether they can […]

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