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Showing 91 - 100 of 531 results for "imports"

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
... bankers have not. Case in point, the Smoot-Hawley Tariff Act - enacted on 17 June 1930 - which increased the tariffs on US imports from 25.9% to 50%. Other countries imposed retaliatory tariffs on US imports. US imports dropped by 66% between 1929 and ...

Chief economist update: Trade war and peace

BENJAMIN ONG  |  MONDAY, 18 JUN 2018
... June 11-15 ended with another bombshell with Trump giving the go-ahead to slap tariffs on US$50 billion worth of Chinese imports and warning of more if China retaliates. Well, China did. It announced a retaliatory 25% tariff on US$50 billion worth of ...

Chief economist update: Another five minutes of sunshine?

BENJAMIN ONG  |  THURSDAY, 7 JUN 2018
... economic output is derived from the sum of consumption (C), investment (I), government spending (G) and exports minus imports (X-Y). The details of the December quarter show positive contributions to growth from household consumption (+0.2 pps), private ...

Chief economist update: Capex and credit and the trade war

BENJAMIN ONG  |  FRIDAY, 1 JUN 2018
... Italy's political crisis was reaching boiling point, the US announced that it would slap tariffs on US$50 billion of Chinese imports soon after June 15. That's still two weeks away and the unpredictable Trump could always announce something unpredictable. ...

Chief economist update: All Ords rising

BENJAMIN ONG  |  TUESDAY, 15 MAY 2018
... fretting over a global trade war that was prompted by US President Donald Trump's announcement of 25% tariff on steel imports and 10% on aluminium. This has led to tit-for-tat threats with other countries, most specifically with China. But the tide ...

Moving on up to target

BENJAMIN ONG  |  TUESDAY, 1 MAY 2018
... debate regarding inflation. The US economic momentum, tight labour market, buoyant consumer spending, tax cuts, tax on imports (steel and aluminium) and the recent surge in oil prices all point to higher inflation over the coming months. The question ...

Chief economist update: No target sign on India's back

BENJAMIN ONG  |  MONDAY, 9 APR 2018
... Korea - and the chills, they'll be multiplying. US Census Bureau data show that except for Argentina and Brazil, America imports more than it exports to these "sons of Trump" countries. China's exclusion from exemption is understandable because as at ...

Chief economist update: It's not just the trade war

BENJAMIN ONG  |  MONDAY, 26 MAR 2018
... on the 23 March, POTUS announced that the White House would be imposing a 25% tariff on around US$60 billion of Chinese imports, with Factset reporting: "Trump reiterated his administration has told China it wants trade deficit [with China] reduced by ...

Chief economist update: Dot tales

BENJAMIN ONG  |  THURSDAY, 22 MAR 2018
... it as a risk to the outlook". More so given recent reports that Trump would announce an increase in tariffs on Chinese imports this week and that China is already considering slapping higher tariffs on US agricultural exports. Once again, ex-Fed chief ...

Tariff exemption a sigh of relief: Poll

KARREN VERGARA  |  MONDAY, 12 MAR 2018
... other markets, including Australia, and so the global market might become distorted, Pearson added. "Tariffs are a tax on imports that makes it more expensive to do business and impose unnecessary costs on households," he said. "As such, the Australian ...