No end in sight for the U.S.-China trade war means volatility for the markets. Tech stocks are leading the way down... Qualcomm continues to fall, nothing new has come out since yesterday but it seems the market is starting to digest all this information. They were suffering from the Huawei blacklist to begin with, then … Continue reading Trade War Continues
Trade disputes and related issues have yet to shake the dominance of U.S. stocks in world markets. Comparing the performance of the Vanguard Total Stock Market and Total International Stock Index exchange-traded funds shows as much. The ratio between the ETFs slid just 0.3% Monday after setting a record Friday and more than doubling since … Continue reading Staying Home
Although said to be coincidental, the timing of the Huawei blacklist has put added pressure on China during the escalating trade war. The U.S. Commerce Department opened a relief valve announcing Monday it had granted a 90-day license for mobile phone companies and internet broadband providers to work with Huawei to keep existing networks online … Continue reading Huawei at the Center of Trade Issues
The U.S. markets dropped today as the blacklist of Huawei and 26 of its affiliates went into effect on Friday. I thought we knew this already... The big pain for Huawei has got to start with Alphabet halting most of it's relations. Huawei counts on Alphabet to supply it's operating system for it's phones. Huawei … Continue reading Huawei Blacklisted
China struck back Monday by hiking tariffs on $60 billion worth of imported American goods. Over 4,000 items are affected, most of which will carry tariffs of 25%, up from 10%. Items include cotton, machinery, grains, and aircraft parts. The Dow fell by more than 600 points(-2.38%) in response. The S&P was down 2.41% and … Continue reading Trade War in Partial Effect
And the market suffers. President Trump said he will increase tariffs on $200 billion in Chinese imports from 10% to 25% starting Friday. The reason cited was an "erosion in commitments by China" said U.S Trade Representative Robert Lighthizer. The problem is China doesn't care what the reason is. They will most likely counter the … Continue reading Trade Talks Escalate
