Trade Tensions: The U.S.-China Dispute Remains Center Stage For Stocks

  • 📰 Forbes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The U.S.-China dispute remains center stage for stocks

As was feared, China has retaliated, raising the stakes in a trade war that has raised concerns about the future of global economic growth. The Asian nation announced increased tariffs on $60 billion of goods from the United States after the U.S. raised tariffs to 25% from 10% on $200 billion in Chinese goods Friday and trade talks between the world’s two largest economies didn’t result in a deal last week. The new tariffs from China are set to go into effect June 1.

As the trade war drags on after some market participants may have thought a deal would already have been hammered out, Wall Street seems to be finding itself in an interesting dynamic. But over the long run, earnings always matter, even though they may not be the main story at the moment. As the trade war between the U.S. and China continues, it’s probably worth keeping an eye on U.S. consumer-related data because Americans are having to deal with higher costs caused by tariffs. That could eat into retail sales and consumer confidence, and end up being a drag on GDP and an inflationary pressure.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open lower as U.S.-China trade tensions intensifyStocks opened with losses Thursday as trade tensions between the U.S. and China appeared intensified. The S&P 500 fell 22 points, or 0.8%, to 2,857,...
Source: MarketWatch - 🏆 3. / 97 Read more »

Watch now: ETF Edge on the market sell-off as U.S.-China trade tensions escalateETFEdgeCNBC The Art of The Deal? ETFEdgeCNBC What sell off. 200 points is nothing compared to what was implied of 450
Source: CNBC - 🏆 12. / 72 Read more »