Stocks were set for a mixed open as news broke that China intends to present the U.S. with a set of preconditions in order to resume trade talks, according to the Wall Street Journal. One of the terms, the report said, is that the U.S. remove its ban on selling U.S. technology to Huawei Technologies Co.
Focusing on the U.S.-China dispute, they write: “We estimate that while the effect on S&P 500 earnings is relatively modest at ~2%, there is substantial variation across sectors.” They noted that in the U.S., the Consumer Discretionary, Information Technology and Industrials sectors would bear the brunt of tariffs on imports and exports.
If China goes through with its announced plans to retaliate by setting up an Unreliable Entities List , however, numerous large U.S. companies could be affected. Already, the analysts note, China has opened a probe into FedEx FDX, +2.53% over potential violations of Chinese laws and regulations, and China’s market regulator recently fined a Ford Motor Co. F, +0.71% joint venture about 160 million yuan for violating anti-monopoly laws.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »