Gold Silver Reports (GSR) – In India, the government’s decision to hike minimum support prices (MSPs) has raised the prospect of higher food inflation. But global food inflation may head the other way thanks to fears of an escalating trade war, if data from June is any indication.
Trade War Tensions
Trump Says U.S. Tariffs Could be Applied to Chinese Goods Worth $500 Billion
Gold Silver Reports (GSR) – Trump Says U.S. Tariffs Could be Applied to Chinese Goods Worth $500 Billion – Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 12:01 a.m. Washington D.C. time (0401 GMT) on Friday and warned that subsequent rounds could see tariffs on more than $500 billion of goods, or roughly the total amount that the United States imported from China last year.
Investors Agree With Trump: Any Trade War
Gold Silver Reports (GSR) – That’s the early view from financial markets as the tariff dust-up between China and the U.S. shows increasing signs of impacting stock prices. While broad measures of American equities have held up better than their Chinese counterparts, striation within the U.S. market shows investors anticipate steep losses in some stalwart names.
Donald Trump Misguided Trade War
Gold Silver Reports (NBR) – Donald Trump Misguided Trade War — U.S. President Donald Trump may sincerely think he’s battling to win Americans a better deal on trade with China. In fact, he’s making a better deal harder to achieve — and threatening to inflict grave economic damage on the U.S. economy in the process.
Trump Praises China’s Xi’s Trade Speech, Easing Tariff Tensions
Gold Silver Reports (GSR) – Trump Praises China’s Xi’s Trade Speech, Easing Tariff Tensions – “Very thankful for President Xi of China’s kind words on tariffs and automobile barriers,” Trump said on Twitter. “Also, his enlightenment on intellectual property and technology transfers. We will make great progress together!”
U.S.-China Tensions May Put Up to $400 Billion in Investment at Risk
Gold Silver Reports (GSR) – Chinese investment into the U.S. slumped last year to $29 billion from $46 billion, as the Asian nation restricted outbound capital and the Trump administration took a tough stance on deals, according to the report Tuesday from New York-based research firm Rhodium Group and the National Committee on U.S.-China Relations. U.S. investment into China was little changed at $14 billion.
Trump’s ‘Art of the Deal’ Tactics Face Ultimate Test With China
Gold Silver Reports (GSR) – Trump’s ‘Art of the Deal’ Tactics Face Ultimate Test With China — In his 2nd year as president, Trump has moved to deliver on election promises to crack down on countries he accuses of unfair trade practices. The U.S. has imposed-tariffs on steel-imports, renegotiated its trade deal with South-Korea and proposed sweeping duties on Chinese products. The hawkish turn has raised concerns among investors of an escalating trade war that undermines the broadest global growth in years.