| 送交者: 笑鸠[♂★★★声望勋衔14★★★♂] 于 2019-05-12 22:10 已读 3401 次 | 笑鸠的个人频道 |
TOP STORIES 6park.comTrump’s hard-line trade views were formed long before China...
President Trump’s views on trade, tariffs and multinational trade deals were set in stone long before he became president.
POLITICS
TOP STORIESThe cost of Trump’s tariffs has fallen ‘entirely’ on US...
The bank said in a note that the trade war’s impact on U.S. consumer prices is now higher than previously expected.
MARKETS
6park.comKudlow acknowledges US will pay for China tariffs, contradicting...
Kudlow contradicted President Trump’s claims that China alone will pay tariffs imposed by the U.S.
POLITICS
6park.comKudlow says Trump and Xi are likely to meet at G-20 summit...
Kudlow, however, said there are “no concrete, definite plans” yet for when U.S. and Chinese negotiators will meet again.
MARKETS
6park.comDow futures point to more than 200-point decline at Monday’s open
U.S. stock market futures pointed to declines across the major indexes at Monday’s open.
PRE-MARKETS
6park.comPompeo: Predictions of oil market ‘chaos’ after we ditched Iran...
U.S. Secretary of State Mike Pompeo says “simple math” shows there’s been no disruption to the global supply of oil since the U.S. withdrew from the Iran nuclear deal.
OIL AND GAS
6park.comPhilippine President Duterte may become more powerful after...
President Rodrigo Duterte is not running in the mid-term elections, but his popularity is expected to affect the vote, analysts said.
ASIA POLITICS
6park.comBeijing defiant on trade war: No one should expect China to...
The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it...
WORLD POLITICS
6park.comNetflix has a China strategy — but it doesn’t involve launching...
Netflix is launching a spate of Mandarin-language original shows to tap the millions of people outside of China that speak the language.
TECHNOLOGY
6park.comReview: Cadillac’s $100,000 2019 CTS-V sports sedan gives BMW,...
The fire-breathing, 200-mile-per-hour CTS-V is a testament to how well Cadillac accomplished its mission of building an amazing sports sedan.
AUTOS
6park.comEuro-skeptics have no alternative to US security and German...
Euro-skeptics will get no mandate in forthcoming parliamentary elections to eviscerate the European Commission and deconstruct the European project of economic and political...
EUROPE POLITICS
6park.comMainland Chinese shares decline amid US-China trade uncertainty
Stocks in Asia Pacific slipped in Monday morning trade amid uncertainty on the U.S.-China trade front, after tariffs on Chinese goods were raised last Friday.
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ASIA MARKETS
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6park.com6park.com[iframe][/iframe] 6park.com 6park.com 6park.comMARKETSThe cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman
PUBLISHED SUN, MAY 12 2019 3:45 PM EDTUPDATED SUN, MAY 12 2019 4:23 PM EDT
6park.comEmma Newburger@EMMA_NEWBURGER 6park.com 6park.com 6park.com 6park.com 6park.com 6park.com 6park.com 6park.com 6park.comKEY POINTS 6park.comGoldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.The bank said in a note that the trade war’s impact on U.S. consumer prices is now higher than previously expected, partly because Chinese exporters have not lowered their prices to better compete in the US market“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said. 6park.com 6park.com
6park.comPresident Donald Trump waves during joint statements with China’s President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017. 6park.comThomas Peter | Reuters 6park.comGoldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.
The bank said in a note that consumer prices are higher partly because Chinese exporters have not lowered their prices to better compete in the US market. 6park.com
[iframe][/iframe] 6park.comTrump has repeatedly — and inaccurately — claimed that China will pay for tariffs imposed by the U.S.
“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said. 6park.com
“However, analysis at the extremely detailed item level in the two new studies shows no decline in the prices (exclusive of tariffs) of imported goods from China that faced tariffs.”In addition, US producers have “opportunistically” hiked prices in response to protection from Chinese competitors, the bank said.
Goldman also said the risk of a final round of tariffs on the roughly $300 billion of remaining imports from China has now risen to 30%.
Further escalation of the trade war could also result in a 0.4% hit to GDP, and if trade tensions instigated a sell-off in the equity market, the growth impact could worsen, Goldman said. 6park.com
[iframe][/iframe] 6park.com“Our baseline expectation is that the U.S. and China will strike a deal later this year. We think this would come in the form of a gradual, staggered reduction in tariffs on a last-in, first-out schedule,” the bank said.
“There is, however, a risk of further escalation,” Goldman said.
Investors have been grappling with whether the trading relationship between the U.S. and China will actually worsen.
The most recent round of trade talks, which ended on Friday with no final agreement, was overshadowed by President Donald Trump’s decision to more than double tariffs on $200 billion of Chinese goods, from 10% to 25%.
White House Economic Adviser Larry Kudlow on Sunday said that Trump and Chinese President Xi Jinping will likely meet at the June G-20 summit in Japan. He said that he expects China to retaliate against the U.S., and acknowledged that the U.S. will pay for China tariffs.
Some traders are hoping that there’s still time to strike a deal, citing the notion that new tariffs are not applied to Chinese exports that were already in transit before the deadline, which provides more time before tariffs are applied to goods entering the U.S.
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