Sunday, 18 August, 2019

Trump Says US Delayed Tarriffs on Chinese Goods Due to 'Christmas Season'

Trump’s two great miscalculations – in one week 2 Interplay of Trump’s tariffs US equities and Chinese yuan
Russell Knight | 13 August, 2019, 19:34

Wall Street's main indexes had initially opened lower, adding to a global slide in stocks due to geopolitical concerns, with a Labor Department report also showing the core consumer price index rose 2.2% in the 12 months through July. -China trade war flipped investors back to buying mode.

The latest round of tariffs, which President Donald Trump announced on August 1, mean all Chinese imports into the United States would be subject to additional duties.

The news sent the stocks of US companies that make electronics, shoes and toys sharply higher.

The news sent the Dow Jones Industrial Average up more than 460 points in midmorning trading.

The broader S&P 500 was up by roughly the same amount in percentage terms, while the tech-heavy Nasdaq fared even better, up 185 points or 2.35 per cent to 8,050.

"The escalation of the U.S. China trade war has been an overhang. and the fact that we have got a bit of a reprieve on that is putting a bit of optimism into markets", said Art Hogan, chief market strategist at National Securities in NY.

Norwegian police say mosque shooting is a terror attempt
He has not been named by authorities nor has the motive in the attack; he has been charged with murder and attempted murder. Manshaus, who briefly smiled at photographers, does not admit to any crime, his lawyer said earlier on Monday.

Murray feeling zero pain ahead of singles return in Cincinnati
Last August in Washington the pain in his hip led him to weep audibly in his chair after a long, three-set victory against Marius Copil.

Man City star Sterling offered £100M endorsement deal
Apparently, Air Jordan view this as an opportunity to "open up a new front in the brand battle to dominate the football market". And, according to the Telegraph , he is set to cash in even further on his success on the pitch over the last few seasons.

The Office of the U.S. Trade Representative announced on Tuesday that 10% tariffs on Chinese imports set to take effect on cellphones, laptop computers, video game consoles, certain toys, computer monitors and some shoes and clothing will now be postponed until December 15.

Other products that will have tariffs delayed until December 15 include "computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing", the USTR said in a statement. Apple jumped 5.4%, Mattel soared 10.6% and Steve Madden jumped 4.7%.

Stocks shook off an early stumble and edged higher on Wall Street led by gains in technology and health care companies.

Apple rose 1.8% Tuesday and Merck climbed 1.1%.

USA indexes are still down about 3% for the month as investors are unsettled by trade tensions between the US and China, protests in Hong Kong and political instability in Argentina.

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