According to an article from The New York Times, the US-China trade deficit has dropped in its first 9 months of 2019. MSN: The data released Tuesday suggest that the global trade wars Mr. Trump has launched have not had the desired effect. The tariffs Mr. Trump has placed on more than $360 billion of Chinese […]
China’s Yuan hit an 11-year-low amid the Trade War between China and the United States. Yahoo: European and American stocks ventured higher on Monday following a meltdown in Asia as financial markets seemed to march in lockstep with tweets by US President Donald Trump on the trade front. The yuan hit an 11-year low after […]
China’s economic growth hit at least a 27-year-low according to data. Reuters: China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. More info The April-June pace, in line with analysts’ expectations, […]
Apple is deciding to manufacture the new Mac Pro computer in China rather than the US. WSJ: Apple Inc. AAPL -0.91% is manufacturing its new Mac Pro computer in China, according to people familiar with its plans, shifting abroad production of what had been its only major device assembled in the U.S. as trade tensions escalate between the Trump […]
According to Chinese government data, the Chinese economy grew at the slowest pace since 1990. CNBC: China on Monday announced that its official economic growth came in at 6.6 percent in 2018 — the slowest pace since 1990. That announcement was highly anticipated by many around the world amid Beijing’s ongoing trade dispute with the U.S., its largest trading […]
During an interview with Sean Hannity, then-candidate Trump said that Mexico would pay for the wall through trade. For all the geniuses who are saying “um but @realDonaldTrump said Mexico would pay for the Wall!” Here is Trump in March of 2016 explaining that Mexico will pay for the Wall thru the money we save […]
According to a Sunday statement from China’s foreign ministry spokesperson Lu Kang China is ready to work with the US on trade. BBC: Sunday’s statement from Lu Kang, the spokesperson for the country’s foreign ministry, appeared to confirm President Trump’s optimism. “China stands ready to work with the US to implement the important consensus reached […]
President Trump took to Twitter stating that he just had a phone call with Xi Jinping and a deal between the two was moving along well. Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, […]
