News 

These 4 charts show how US-China trade has changed during the tariff dispute

“The U.S. and China are entangled in a trade war, and that’s hurting business and economic activity worldwide” writes Yen Nee Lee for cnbc.com. In a poll conducted by Reuters, around 80% of more than 60 economists responding said they expect the U.S.-China trade fight to either worsen or stay the same by the end of 2020. The two countries share $660 billion in trade between them in 2018, according to the U.S. Census Bureau, and here are four charts that show big ways that commerce is changing. Source: cnbc.com

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Explainer: Details on car tariffs fuzzy as U.S., Japan head for trade deal

“Japanese auto exports account for about two-thirds of the U.S. trade deficit with Japan and the added tariffs would deal a blow to the country’s trade-reliant economy” writes Midwest Communications Inc for 95kqds.com. Top Japanese officials, however, said a deal had yet to be clinched.Japanese officials from Abe on down have said that under a September 2018 agreement, the United States would not impose added auto tariffs while trade talks were under way.U.S. technology industry officials say they expect a digital trade agreement with Japan to be closely aligned with…

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Markets News 

Hong Kong gold market losing shine amid political unrest

“The Hong Kong (gold) market is quiet and a big mess, with the violence,” said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong” writes Midwest Communications Inc for 95kqds.com. In July, the second month of major protests in Hong Kong, and two months after Beijing imposed import restrictions, China’s imports of gold from Hong Kong dropped to 8.085 tonnes.That’s squeezing a market already pressured by Beijing’s decision to step up direct gold imports as it seeks to restrict outward capital flows.GRAPHIC: China gold imports from Hong…

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Futures News Regulators Stocks 

Stock futures rise as Trump delays China tariffs

“The United States will delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15, Trump tweeted” reports nypost.com. Stock index futures rose Thursday after President Trump said the United States would delay scheduled tariff hikes on billions worth of Chinese imports, cooling tensions that have battered financial markets over the last year. Source: nypost.com

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China keeps penalties on U.S. pork, soy, eases some others

“Trump has imposed or announced penalties on about $550 billion of Chinese imports, or almost everything the United States buys from China” writes Associated Press for latimes.com. Chinese imports of U.S. goods tumbled 22.5% in August from a year earlier and exports to the United States, China’s biggest foreign market, fell 16%.Punitive duties on soybeans, the biggest U.S. export to China, and thousands of other imports were left unchanged.In their latest escalation, Washington imposed 15% tariffs on $112 billion of Chinese imports on Sept. 1 and is planning to hit…

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Apple’s new iPhone 11 is $50 cheaper than last year’s model, despite Trump’s planned tariffs on Chinese imports

“The iPhone 11 is $50 cheaper than last year’s equivalent iPhone, the $750 iPhone XR. The iPhone 11 Pro devices are the same price as the iPhone XS and iPhone XS Max when they were launched in 2018” writes Finanzen Net Gmbh for businessinsider.com. Trump’s tariffs aren’t said to affect Apple’s iPhone prices until December, but Apple apparently hasn’t baked in the extra tariffs into its new iPhone pricing.Apple experienced a decline in iPhone sales in 2018, which some say is a result of rising iPhone prices. Source: businessinsider.com

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Chinese exports to the US tanked in August as Trump’s trade-war tariffs hit demand

“However, Chinese imports of US goods dropped by about 22% to $10.3 billion, official customs data showed” writes Finanzen Net Gmbh for businessinsider.com. China’s exports to America tanked 16% to $44.4 billion in August — a sharp acceleration from their 6.5% drop in July, Reuters said — as Donald Trump’s tariffs sapped demand for Chinese goods in their biggest foreign market. Source: businessinsider.com

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China August exports unexpectedly shrink, imports remain weak

“That left China with a trade surplus of $34.84 billion in August, compared with a $45.06 billion surplus in July” writes Midwest Communications Inc for 95kqds.com. BEIJING (Reuters) – China’s exports unexpectedly fell 1% in August from a year earlier, customs data showed on Sunday, hurt by an intensifying Sino-U.S. trade war and persistently weak global demand.Analysts polled by Reuters had expected exports would rise 2.0% in the month, after a 3.3% gain in July. Source: 95kqds.com

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Exclusive: China sugar industry to lobby government for extension of hefty tariffs on imports – sources

“Some sugar exporting countries and regions have exported sugar products at below cost prices, or with subsidies, which has damaged China’s domestic sugar industry, the document said” writes Midwest Communications Inc for 95kqds.com. China allows 1.94 million tonnes of sugar imports a year at a tariff of 15% as part of its commitments to the World Trade Organization.Beijing started to levy extra tariffs on out-of-quota sugar imports from all origins last August. Source: 95kqds.com

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