Spotlight Growth
No Result
View All Result
Friday, February 3, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Market News

US-China Trade War: Possibility of Striking Deal, But Risk of Escalation Still Remains

by admin
November 4, 2018
in Market News
0
US China Trade War Update Argentina Meeting Next Round Tariffs News

US China Trade War Update Argentina Meeting Next Round Tariffs News

So what are the next steps in the China trade war? Well, President Trump confirmed tariffs on another $257 billion worth of imports from China that are ready to be implemented.

This round will greatly impact the typical American household, but there is hope. This would be lower oil prices and planned tariff cuts in China. Hopefully, these factors would offset inflation fears in the US.

With trade disputes between Washington and Beijing ramping up, headlines about tariffs on incoming Chinese products might seem standard. However, a new round of escalations could be a game changer that would have a broad impact on the US economy.

Potential Next Round of Tariffs are Estimated to be More Damaging to US Economy

Citi Research analysts believe that additional tariffs on China could greatly accelerate inflation. President Trump has mentioned that tariffs on approximately $257 billion (2017 numbers) worth of Chinese products would be instated, as he tries to change unjust trade practices.

So, how would this round be different? Current import taxes on roughly $250 billion worth of products effect less than half of Chinese imported goods, per Citibank Research report.

However, the next round of tariffs would place a tax on every Chinese product. Existing tariffs will likely double to 25% from 10% in the new year if these issues aren’t solved.

Also, many of the remaining products aren’t easily found outside of China. According to Deutsche Bank analysts, China holds a significant market share on common American imports like leather products, furniture, and televisions.

If there is no change in the exchange rate, Citi believes the next round of duties will have 10 times the inflationary impact on the first round of tariffs within a year. The Chinese yuan fell to a key level of 7 per dollar, which is the weakest it’s been in a decade.

US-China to Discuss Potential Trade Deal in Argentina this Month

Trump will meet with the Chinese President at a multilateral summit in Argentina this month. Trump recently mentioned on Fox News that there will be a “great” deal. If these negotiations fail, the next round of tariffs could be declared as soon as December. The White House replied with no further comment.

On the other hand, lower oil prices and general import tariff cuts may ease inflation from retaliatory duties. In early 2018, Beijing announced it would lower the average tariff rate on imports from most of its trading allies. Nomura Research Analysts stated they believe the overall inflation risk remains contained so far.

Due to a contracting economy, the Chinese have been frequently implementing new expansionary policies. According to government data, China’s GDP grew at one of the slowest paces in nearly a decade during the third quarter 2018. However, exports have beaten expectations.

Article By: Dalton Brewster

Tags: ArgentinabusinessChinaChinese economyChinese yuanCitibankcitigroupconsumersDeutsche BankDow Joneseconomicsemerging growthGDPglobal economygoodsgrowthinternational tradeinvestinginvestmentmanufacturingNASDAQnewsNYSEPresident TrumpPresident Xi JinpingsalesshippingSpotlight GrowthSpotlight Growth Stocksstock marketstockstariffstradetrade wartradingUnited Statesus dollarUS-China trade war
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
ADVERTISEMENT

Recent News

Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested