DealBook Briefing: Breast-Feeding Could Have Kicked Off Another Trade War

DealBook Briefing: Breast-Feeding Could Have Kicked Off Another Trade War

____________________________ Photo A Xiaomi retailer in Beijing. Credit Wang Zhao/Agence France-Presse — Getty Images Xiaomi’s buying and selling hunch spells hassle for China’s tech giants The smartphone maker went public on the Hong Kong Stock Exchange as we speak. It didn’t go effectively. The shares fell about 4 percent, even because the broader market rose. […]

Moguls Rub Shoulders in Idaho, and China Releases Trade Numbers

Moguls Rub Shoulders in Idaho, and China Releases Trade Numbers

The Week Ahead Banks will begin reporting earnings from the second quarter, and information on costs of shopper items will in all probability present that inflation picked up in June. Mark Zuckerberg, Facebook’s chief govt, on the Allen & Company convention in Sun Valley, Idaho, in 2016. This 12 months’s convention is anticipated to concentrate […]

Opinion

Opinion

Trump’s declaration that “trade wars are good, and easy to win” is an prompt basic, proper up there with Herbert Hoover’s “prosperity is just around the corner.” Trump clearly believes that commerce is a sport by which he who runs the most important surplus wins, and that America, which imports greater than it exports, due […]

Trump Starts a Trade War, but the Path to Success Remains Unclear

Trump Starts a Trade War, however the Path to Success Remains Unclear

WASHINGTON — The United States and China hit each other with punishing tariffs on Friday as the 2 nations tipped right into a long-feared commerce warfare that’s solely anticipated to escalate. President Trump has mentioned that commerce wars are “easy to win.” Now, as he opens a world skirmish with allies and adversaries alike, the […]

Upset? Insulted? Heartbroken? Canadians, Tell Us How You Really Feel

Upset? Insulted? Heartbroken? Canadians, Tell Us How You Really Feel

TORONTO — Ottawa’s mayor, Jim Watson, is upset. He is so upset by President Trump’s unceasing barrage of verbal assaults on Canada, that he did one thing uncharacteristic for a mayor recognized to proudly sport a #boringmayor T-shirt: He declined the common invitation to the July four celebrations hosted by the American ambassador, Kelly Craft. […]

Trade War Between U.S. and China Moves From Threat to Reality

Trump’s Trade War Against China Is Officially Underway

WASHINGTON — A commerce warfare between the world’s two largest economies formally started on Friday morning because the Trump administration adopted via with its menace to impose tariffs on $34 billion price of Chinese merchandise, a major escalation of a battle that might harm corporations and shoppers in each the United States and China. The […]

China Strikes Back at Trump’s Tariffs, but Its Shoppers Worry

China Strikes Back at Trump’s Tariffs, however Its Shoppers Worry

“Global soybean supply and demand is tightly balanced right now,” mentioned Gong Yanhai, a senior analyst in Shanghai with Huatai Asset Management. Taxing American soy, Mr. Gong mentioned, additionally meant that China pays extra to purchase beans from its largest provider, Brazil, the place premiums per bushel have already risen in anticipation of the tariffs. […]

DealBook Briefing: Welcome to the Trade War

DealBook Briefing: Welcome to the Trade War

More on why the retailer is following different firms and talking out on hot-button matters, from Sarah Nassauer of the WSJ: Today, round 72% of Walmart buyers need the corporate to “take a stand on important social issues” and 85% need the retailer to “make it clear what values you stand for,” mentioned Walmart’s chief […]

Jobs Report for June: Here’s What to Watch For

Jobs Report for June: Here’s What to Watch For

This week, the U.S. Chamber of Commerce, warning that escalating tariffs would end in “lost sales and ultimately lost jobs here at home,” printed a state-by-state breakdown of exports that could possibly be harmed and estimates of the variety of jobs that depend upon world commerce. “They’re playing with fire, really,” Mr. O’Sullivan of High […]

Opinion

Opinion

When organizations just like the Chamber of Commerce or the Heritage Foundation declare that Trump’s tariffs are a foul thought, they’re on strong mental floor: All, and I imply all, economic experts agree. But they don’t have any credibility, as a result of these identical conservative establishments have spent many years making struggle on experience. […]