WASHINGTON — In Rochester, New York, a maker of furnaces for semiconductor and solar companies is moving its research and development to China to dodge President Donald Trump's import taxes — a move that threatens a handful of its 26 U.S. jobs. In California's San Joaquin Valley, the CEO of a company that makes precision parts for the biomedical and chip making fields jokes bitterly that he's running "a nonprofit" and might have to cut jobs. And east of Detroit, a metal stamping company that supplies the auto industry is losing business to foreign rivals because Trump's steel tariffs have raised metals prices in the United States. Trump frequently boasts that the taxes he's imposed on imports — steel and aluminum and nearly half of all goods from China — have showered the U.S. Treasury with newfound revenue. "We are right now taking in $billions in Tariffs," he tweeted last month. "MAKE AMERICA RICH AGAIN." Yet tariffs like Trump's account for barely 1 percent … [Read more...] about Trade war’s wounded: Companies improvise to dodge cost hikes
By Bloomberg | | PUBLISHED: January 11, 2019 at 8:27 am | UPDATED: January 11, 2019 at 8:27 am By Katia Dmitrieva, Chibuike Oguh and Catarina Saraiva, Bloomberg Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months, up from 20 percent in the December survey. The Federal Reserve is now projected to keep interest rates steady in the first quarter, instead of raising them, before two increases total this year — down from four moves in 2018. The median projection for 2019 economic growth edged down to 2.5 percent following 2.9 percent in 2018 as the boost from fiscal stimulus fades. Growth is still expected to be buoyed by a strong jobs market, rising wages and some lingering effects of tax cuts. If the expansion that began in 2009 lasts … [Read more...] about US recession risk hits 6-year high amid trade war, shutdown
11/01/2019 The market correction that started in October has taken on a life of its own and volatility has continued on the back of new events, such as the arrest of the Huawei CFO in Canada and the leadership challenge to Theresa May in the UK. As unpredictable political events may continue to cause volatility, forecasting returns and markets in 2019 is fraught with danger. However, in staying focused on the economic fundamentals, we see more upside than downside next year. Which brings us to the UK. Political events are going too fast for us to write about them, but there is one basic question: when will the UK market become so cheap that all uncertainty is fully priced into it? We think we may be approaching that juncture and would seriously consider an extra investment in UK equities, especially if an event can trigger some further drop in relative valuations for the UK vs. the rest of the world. We are watching UK equities very carefully for signs of international … [Read more...] about Politics, interest rates and trade wars – can we expect more volatility in 2019?
By Rebecca Walser Published January 11, 2019 Opinion FOXBusiness Facebook Twitter Comments Print video China has every incentive in the world to reach trade deal with US: Keith Fitz-Gerald Money Map Press chief strategist Keith Fitz-Gerald and Kingsview Asset Management CIO Scott Martin discuss the trade talks between the United States and China. There have been many complaints about the US-China trade war. The increased tensions between the world’s two largest economies may cause some short-term growth headaches, but as far as I am concerned, it will all be worth it given what’s at stake. Continue Reading Below According to President Trump, things are moving in the right direction after talks this week between US and Chinese trade negotiators in Beijing. MORE FROM FOXBUSINESS.COM... TRUMP CANCELS DAVOS TRIP OVER PARTIAL GOVT. SHUTDOWN SHUTDOWN THREATENS US CREDIT RATING: WHY IT MATTERS “We’re … [Read more...] about US-China trade war: Why America must win
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Progress in Talks to End the Trade War DealBook Supported by Jan. 10, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Trade negotiators offer hope but few details Trade talks between midlevel American and Chinese officials, extended from a planned two days to three, ended yesterday in Beijing after negotiators made progress but released few details. What happened: According to U.S. officials, negotiators discussed intellectual property protections, so-called forced tech transfer and China’s promise to buy “substantial” amounts of American agricultural, energy and manufacturing products. China’s commerce ministry spoke of “extensive, in-depth and meticulous exchanges.” Wang Qishan, China’s vice president, said today that … [Read more...] about DealBook Briefing: Progress in Talks to End the Trade War