Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 531 results for "imports"

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... for Trump - and his vow to "Make America Great Again" by beggaring its neighbours by imposing increased tariffs on US imports. History shows that this is a lose-lose proposition. The Smoot-Hawley Tariff Act - enacted on 17 June 1930 (the time of the ...

Chief economist update: The UK is not OK

BENJAMIN ONG  |  MONDAY, 12 AUG 2019
... from -3.0 pps) However, note the sharp turnaround in net trade was due to exports (down 3.3% in Q2) dropping by less than imports (down 12.9%) - reinforcing the general sense of uncertainty over Brexit, trade tensions and the slowing global economy. ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... for Trump's latest announcement of the imposition of a 10% tariff on the remaining US$300 billion worth of Chinese imports not yet covered by the trade war. No more Mister Nice Guy! It appears that Trump has pushed China back so hard against the ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... me of George W. and the Bushisms that flourished under his watch. For our purposes, I note: "The vast majority of our imports come from outside the country." "Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
... for around 50% of total world iron ore exports) has the biggest oil importer (China, which buys more than 65% of total imports) to thank for this, and perhaps US President Donald Trump and his war on trade with Beijing. There's no denying Washington's ...

Chief economist update: Thrilla in Osaka

BENJAMIN ONG  |  TUESDAY, 25 JUN 2019
... from 25% from 10% on 12:01 on May 10 and Trump is reportedly readying the paperwork to slap a 25% tariff on all remaining imports from China worth around US$325 billion - sent the Shanghai composite index dropping by 13.4% from its 2019 high. China's ...

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
... Japan's National Accounts show exports subtracted 0.4 points (down 2.4% in the March quarter) while the sharp 4.6% drop in imports contributed 0.9 percentage points. The sharp drop in imports reinforces the renewed weakness in household demand which ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
... rate of 0.4% - a function of the lagged effects of the AUD's depreciation that makes Australian exports cheaper and imports dearer. However, the slowing global economy and increased speculations that the Fed will be cutting interest rates have nullified ...

Chief economist update: US recession in the offing

BENJAMIN ONG  |  MONDAY, 3 JUN 2019
... the one that replaced NAFTA only seven months before (1 October 2018). Partial details inform the tariff rate on all US imports from Mexico would then increase by five percentage points the following month and every month thereafter until reaching 25%. ...

Chief economist update: It'll hurt me more than it hurts you

BENJAMIN ONG  |  FRIDAY, 24 MAY 2019
... Chinese goods increased from 25% from 10% with Trump already readying the paperwork to slap a 25% tariff on all remaining imports from China worth around US$325 billion. As expected, the Ministry of Finance of the People's Republic of China announced ...