- U.S. stock index futures were muted on Friday, as expectations of a deal during the current round of U.S.-China trade talks blunted the impact from additional tariffs on Chinese goods coming into force.
The United States increased duties to 25% on $200 billion worth of Chinese goods and President Donald Trump said he would start the “paperwork” on Friday for 25% duties on another $325 billion in Chinese imports. “Investors will be watching closely to see if any deal can be reached, but may have to prepare for more volatility in the event that one isn’t reached,” said Mihir Kapadia, chief executive office and founder of Sun Global Investments.The spike in tensions this week has triggered a flight to safety and triggered a 2.5% drop in the S&P 500 so far this week, setting the benchmark index to post its worst weekly decline since December.
Amid market uncertainty, ride-hailing company Uber Technologies Inc is set to make its market debut after raising $8.1 billion in the largest U.S. IPO since 2014.
SHOP TODAY FOR YOUR 2020 TEE!! MAGA TrumpRally Trump2020 TRUMP
It's early. The world awaits the 'Don's' tweets. Expect a strong finish today!!!
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China stocks, yuan end up, pin hopes on trade deal despite U.S. tariff hikeChinese shares ended higher and the yuan strengthened on Friday as investors bet... bad reporting. yuan had its worst week since last summer.
Source: Reuters - 🏆 2. / 97 Read more »
U.S., China to continue trade talks Friday, despite tensionsAmid rising tensions, the U.S. and China agreed to continue trade talks for a second day, the White House announced Thursday night. 'This evening,... As expected
Source: MarketWatch - 🏆 3. / 97 Read more »
US-China trade negotiations will continue on Friday, White House official saysAmerican and Chinese negotiators have agreed to continue their trade talks, a White House spokesman said Thursday. GregMannarino I thought it was done LOL! No deal in sight. Trump still manipulating the stock market. Any word from the White House if they will still go ahead with tariffs?
Source: CNBC - 🏆 12. / 72 Read more »
China says it will take 'necessary' countermeasures if US raises tariffs FridayChina has promised to take 'necessary countermeasures' against the U.S. if Washington follows through on its threat to increase tariffs. CNBC Stocks CNBC Just like his Companies Trump will run this Country into the ground CNBC And what’s that?
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Files Paperwork to Raise China Tariffs on FridayThe U.S. Trade Representative’s office filed paperwork to formally raise tariffs to 25% from 10% on about $200 billion a year of Chinese imports effective on Friday, carrying through on a threat made by President Trump. Nooooooooooo! Meaningless negotiation。 Is this their engagement photo?
Source: WSJ - 🏆 98. / 63 Read more »
US plans to hike tariffs Friday, saying China broke promisesWASHINGTON (AP) — Accusing Beijing of 'reneging' on commitments it made in earlier talks, U.S. Trade Representative Robert Lighthizer said Monday that the Trump administration will increase its tariffs on $200 billion in Chinese goods early Friday, a sharp escalation in a yearlong trade dispute
Source: YahooNews - 🏆 380. / 59 Read more »
China threatens to respond ‘in kind’ if President Trump imposes higher tariffs on FridayThe warning from China’s commerce ministry comes as China’s vice premier arrives in Washington for another round of trade talks. The statement suggested that China was prepared to retaliate with higher tariffs on American products in response to Trump’s threats. This is a developing story. It will be updated. 来而不往非礼也。 And who pays for this? We do. Trump will cave to the Chinese, just like he did to N Korea, then claim he actually won, just like he has been claiming he is a great business man. The facts never matter, it is all about the confidence game. The great Grifter.
Source: washingtonpost - 🏆 95. / 72 Read more »
U.S. Stocks’ Losses Ease Despite Intensified China Trade TensionsU.S. stocks erased most of their losses, easing from session lows after heightened anxiety over the U.S.-China trade spat pressured major stock indexes. Thank you for your service RampCapitalLLC. NO DEAL unless with China unless US can get a good free trade deal --- for both sides. 250 points is still slightly?
Source: WSJ - 🏆 98. / 63 Read more »
Stocks gain on trade deal hopes, set for worst week since DecemberGlobal stocks made gains on Friday as investors held out hopes for a trade deal ...
Source: Reuters - 🏆 2. / 97 Read more »