China almost confirms January 15 deal signing
It's not exactly a confirmation of President Donald Trump's announcement that the Part 1 trade deal would be signed between the United States and China at the White House on January 15. But China has scheduled a high-level trade delegation for travel to Washington...
Democrats sign onto revised U.S.-Mexico-Canada trade agreement with vote likely next week
Washington, D.C. is the home of the surreal these days but the timing of the announcement by Democratic House Speaker Nancy Pelosi still raised eyebrows. Just minutes after the House committees investigating President Donald Trump voted two articles of impeachment,...
“News” on U.S.-China trade talks takes away, “news” on talks gives back
A day after "news" on the lack of progress of U.S.-China trade talks led to a decline in stocks, "news" of progress in the talks has led to a modest rally. The Standard & Poor's 500 closed up 0.63% today and the Dow Jones Industrial Average was ahead 0.53%. The...
Trump says, No hurry to strike a trade deal with China in 2020, and markets tumble
“I don’t have a deadline,” Trump told reporters today in London. “I like the idea of waiting until after the election for the China deal. But they want to make a deal now and we’ll see whether not the deal is going to be right.” And with that financial markets that...
Where’d that come from? Trump reinstates tariffs on Brazilian and Argentine steel and aluminum
President Donald Trump has reinstated tariffs on steel and aluminum exports from Argentina and Brazil, leaving global financial markets wondering what that means. At best, the move is based on mis-understanding by the White House of how exchange rates work. The...Tariff roll back or not? Markets certainly don’t know.
The uncertainty extends even to whether or not a Part 1 trade deal between the United States and China will even get signed in 2019. Yesterday, China’s Ministry of Commerce spokesman Gao Feng said negotiators had “agreed to remove additional tariffs in phases as...
Trick or Trend: Does the Chinese cancellation of a planned farm tour mark a swing back to trade pessimism.
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. It was...
With newest tariff move Chinese prove again that they’re smart negotiators
Ahead of the resumption of U.S.-China trade negotiators next month China has announced a small set of exclusions--on $1.65 billion in U.S. exports to China--from 25% tariffs that were put into place last year. The exempt goods include such minor categories as alfalfa,...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
... some things in the financial markets will be so similar to what they were before the Labor Day holiday that you might think you were never away at all. Not everything, though. Yes, the U.S.-China trade war will still be hanging fire. And the tariffs on $112...
As promised: Trump announces retaliation this afternoon to this morning’s new tariffs from China
That didn't take long. This afternoon President Donald Trump said he would raise tariffs to retaliation to this morning's move by China to impose a new 10% tariff on $75 billion in U.S. exports to China. Trump's move would increase tariffs already in effect on $250...
China retaliates; Trump promises his retaliation to their retaliation this afternoon
Xi Jinping and Donald Trump upstaged Federal Reserve chair Jerome Powell this morning. Powell's Jackson Hole speech this morning was supposed to be the day's big market event. (More on this speech in a later post.) But this morning China announced that it would...Jim’s Stock Alerts
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