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Showing 121 - 130 of 566 results for "Imports"

Chief economist update: Boom in the USA

BENJAMIN ONG  |  MONDAY, 30 JUL 2018
... percentage points to June quarter growth. Exports grew by 9.3% in the second quarter (from 3.6% in the first) while growth in imports slowed to 0.5% from 3.0% in the March quarter. However, inventories subtracted a sharp one percentage point to GDP. ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... there's the Australian dollar - it dropped by 4.4% in the year to the June quarter which should raise the cost of imports that are in turn, passed onto the consumer. But the inflation stats show that this isn't happening. Given stagnant wage ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... America, followed by a 25% tariff on US$34 billion worth of Chinese shipments to the US (and another US$200 billion of imports from China to be taxed soon). Not surprisingly, China retaliated in equal measures. These are just the headlined reports of ...

Chief economist update: Friday when the trade war began

BENJAMIN ONG  |  MONDAY, 9 JUL 2018
... became real on 6 July 2018, when at exactly 12:01 am (NY time), the US imposed a 25% tariff on US$34 billion of Chinese imports to which China immediately responded with a percent-for-percent and dollar-for-dollar border tax of its own on "Made in the ...

Chief economist update: Chinese dragon now a bear

BENJAMIN ONG  |  WEDNESDAY, 27 JUN 2018
... surely get deeper under Trump's skin. China's exports to the US increased by 11.6% to US$39.3 billion in May while imports grew by 11.4% to US$14.7 billion. The (still) strong momentum in the US economy as against a weakening one in China would ...

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 ...