By Hideyuki SanoTOKYO (Reuters) - Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week.Not helping the mood, oil prices jumped and Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West after the monarchy warned against threats to punish it over disappearance of a journalist.MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> fell 0.3 percent while Japan's Nikkei <.N225> dropped 0.9 percent. MSCI's broadest gauge of the world's stock markets <.MIWD00000PUS>, was off 0.1 percent after a sizable 3.87 percent decline last week to a one-year nadir, and marking its biggest weekly fall since March.The market shakeout has been blamed on a series of factors, including worries about the impact of a U.S.-China trade war, a spike in U.S. bond yields this week and … [Read more...] about Asian shares slip on lingering trade, U.S. rates worries
U s borrowing from china
By Yawen Chen and Elias GlennBEIJING (Reuters) - China's trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.But signs exporters were rushing shipments before tariffs went into effect in the first week of July suggest the spike in the surplus was a one-off, with analysts expecting a less favorable trade balance for China in coming months as duties on exports start to bite. The data came after the administration of U.S. President Donald Trump raised the stakes in its trade row with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items.China's trade surplus with the United States, which is at the center of the tariff tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to Reuters calculations based on official data going … [Read more...] about China’s trade surplus with U.S. hits record as exporters rush to beat tariffs
By Yawen Chen and Elias GlennBEIJING (Reuters) - China's trade surplus with the United States swelled to a record in June as its exports accelerated broadly, a result that could further inflame a bitter trade dispute with Washington.The data came after the administration of U.S. President Donald Trump raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports, including numerous consumer items.China's trade surplus with the United States, which is at the center of the tariff tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to Reuters calculations based on official data going back to 2008. Trump has demanded Beijing cut its trade surplus with the United States, and the latest result could further inflame trade tensions after both sides last week imposed tit-for-tat tariffs on $34 billion of each other's goods. Washington has warned it may … [Read more...] about China’s record trade surplus with U.S. risks further inflaming trade tensions
No country globally rivals China’s predatory and protectionist practices. President Trump has justification to demand a higher level of Chinese global citizenship and trade fairness. The immediate question becomes which U.S. sectors are the near, intermediate, and longer-term winners and losers. The agricultural sector has gone through a lengthy consolidation period. The ongoing building global fiscal, monetary and trade friction has the potential to extend the ag sector’s consolidation period. Consider: Strategic Planning China has few, and some would say no, equals when it comes to a long-term strategic fiscal, monetary, trade, and regulatory policy plan. Through theft of intellectual property rights (a common practice among nations) and other means they are accelerating mastery of cutting-edge biotechnology, artificial intelligence, robotics technology, etc. With each passing year China is eroding the United States’ financial, technological, regional, … [Read more...] about How will China policy affect U.S. economic sectors?
How ironic that the White House chose to withdraw from the United Nations Human Rights Council on Tuesday just as President Trump was manipulating the suffering of migrant children for his own political ends. The Trump team quit the council on account of that body’s fixation with Israel and its inclusion of member states with wretched human rights records. Nikki Haley, the U.S. ambassador to the United Nations, called the council a “hypocritical and self-serving organization that makes a mockery of human rights.” But the U.S. decision to withdraw – rather than use the council as a forum to expose rights violators – reflects a White House that rejects America’s historic role as a global human rights defender. That, combined with Trump’s policy of ripping migrant children from their parents’ arms, makes the U.S. stance on the U.N. council look, well, hypocritical. To borrow Haley’s phrasing, the president’s policies … [Read more...] about U.S. withdrawal from U.N. Human Rights Council reflects Trump hypocrisy