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October 18, 2019
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CBS US News

US tariffs on European goods come into effect on Airbus planes, wine, cheese whiskey and much more today

CBS News
The U.S. slapped tariffs of up to 25% on European consumer goods including Scotch whiskey, French and Spanish wines and some cheeses on October 18, 2019, in an ongoing trade dispute over subsidies for aircraft maker Airbus. Getty/iStockphoto Washington — The United States imposed tariffs on a record $7.5-billion worth...
CNBC Business

Asia Pacific shares mixed in early trade; China’s GDP data ahead

CNBC
Asia Pacific markets were mixed in early trade Friday morning, as investors await the release of China’s third-quarter growth data with slowing growth continuing to be a concern amid the ongoing trade war with the U.S. Source link: Click here for more
Reuters - Business

China says it hopes to reach phased trade pact with U.S. as soon as possible

Reuters
BEIJING (Reuters) – China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had no winners. A phased agreement would help restore market confidence and reduce uncertainty,...
Reuters - Business

China says it hopes to reach phased trade pact with U.S. as early as possible

Reuters
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on canceling tariffs on each others’ goods. A phased agreement would help restore market confidence and reduce uncertainty, Gao Feng,...
Reuters - Business

China says hopes to reach phased trade pact with U.S. as early as possible

Reuters
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on cancelling tariffs on each others’ goods. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference...
CNBC Business

Trump advisor Peter Navarro reportedly invented and quoted a fictional character in his books

CNBC
Tessa Morris-Suzuki, a professor at the Australian National University, discovered that a character named Ron Vara in Navarro’s books is fictional, reported The Chronicle of Higher Education newspaper. Source link: Click here for more
CNBC Business

Phase one deal will help US soybean farmers retake Chinese market share, trade group executive says

CNBC
The trade war has pummeled farmers of the most valuable U.S. crop, as exports to China plummeted 53% in the 2018-2019 marketing year. Source link: Click here for more
CNBC Business

Hong Kong shares rise, led by property developers

CNBC
The Hang Seng Index jumped 0.65%, with shares of property developers rising after the city’s leader Carrie Lam announced on Wednesday measures to ease a housing shortage and calm anti-government protests. Source link: Click here for more
Reuters - Business

U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin

Reuters
U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news briefing at the White House in Washington, U.S., October 11, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade deal text for their presidents to sign...
Reuters - Business

Trump says likely won’t sign China trade deal until he meets with Xi

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday said he likely would not sign any trade deal with China until he meets with Chinese President Xi Jinping at the upcoming APEC Forum in Chile. Trump, speaking to reporters at the White House, said the partial trade deal announced last...
CNBC Business

‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says

CNBC
“Even if we don’t have a recession … I think it’s pretty clear that we’re going to have a much weaker economy,” says Mark Zandi. Source link: Click here for more

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