What’s Going On Here? The Federal Reserve said it would freeze the key US interest rate in place; Although it admitted that rates might ultimately trickle downward this year. What Does This Mean? There’s been much anxiety among investors about which way the US central bank would go. On the one hand, recent data has shown improving consumer spending, super-low unemployment, and American factory output picking back…
Tag: us
Ep 32: Cloak And Dagger
What’s Going On Here? The US reported that China’s April holdings of American government bonds were at their lowest level in two years. Investors pondered whether the decline was in retaliation to ongoing trade tariffs. What Does This Mean? China owns almost 1/3 of all US debt held outside America. (China likes Uncle Sam’s bonds: they’re low-risk since the US can always print more…
Ep 30: My Way Or The Huawei
What’s Going On Here? Chinese telecoms giant Huawei (pronounced “wah-way”) cut its revenue forecast for this year and the next. What Does This Mean? Last year, Huawei’s revenue grew 20% to $104 billion as it overtook Apple in global smartphone shipments. But the company is now expecting sales to decline to “just” $100 billion in 2019 – significantly less than the…
Ep 29: The Art of the Deal
What’s going on here? New signs emerged that the trade war is dragging down the global economy. The International Energy Agency cut its projection for energy demand this year by 100,000 barrels to 1.2 million barrels per day, citing the “worsening trade outlook” as a “common theme across all regions”; China reported the slowest growth…
Journal Report 0: US-China Trade War
What? Simply put, it’s US & China constantly imposing tariffs on each other’s goods. Why? POWER Purely defensive measures Trump claims that trillions of dollars Americans transfer overseas (as a result of yearly trade deficits), instead of being invested in the U.S., are used by those countries to buy America’s assets; that raises the scenario that foreigners can buy…
Ep 15: Slow And Slower
What’s going on? The International Monetary Fund (IMF) cut its forecast for China’s economic growth The rest of the world is still waiting nervously… What does this mean? The world: The World Bank lowered its forecasts for global economic growth before that – citing the key reason is the ongoing trade war between the US and China. China comprises 1/3 of global growth, so a slowing Chinese economy reduces the…
Ep 7: Another Day, Another Tariff
What’s Going On Here?America’s announcement of new tariffs on Mexican products sent investors running from stock markets straight into government bonds (yields of which hit new lows). What Does This Mean?The US plans to charge an initial 5% tariff on all Mexican imports, rising each month until it reaches 25% unless Mexico agrees to curb…
Ep 6: Timeline of US – China Trade War
Overall Timeline: Events leading up:(Source: Wong. D., Koty. A. C. (2019) The US-China Trade War: A Timeline. [Online] Available from: https://www.china-briefing.com/news/the-us-china-trade-war-a-timeline [Accessed 3 June 2019]) 2011 – 2016 Trump makes several statements criticizing China’s trade practices before running for president and on the 2016 campaign trail Apr 6-7, 2017 Xi & Trump agree to set…
Ep 4: Bracing for a Protracted US-China Cold War
What’s going on here?In 48 hours: China announced plans to create an “unreliable entities list” to ban foreign companies or people who violate market rules. Huawei Technology (added to a blacklist of the U.S) is reported to have canceled technical meetings with US contacts, and has sent all U.S. employees in the company’s Shenzhen R&D…
with HT 