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Showing 241 - 250 of 321 results for "Tariff"

Chief economist update: US inflation hits target

BENJAMIN ONG  |  MONDAY, 2 JUL 2018
... of overall GDP, the negative impact could quickly generalise and produce a widespread decline in consumer confidence." Tariff concerns were also echoed by the Chicago PMI survey (also released last Friday). While it's headline index rose to 64.1 ...

Chief economist update: Chinese dragon now a bear

BENJAMIN ONG  |  WEDNESDAY, 27 JUN 2018
What happens when an unstoppable force meets an immovable object? If we're talking about the US and China, it appears that the answer is that the immovable object (China) drops. China's Shanghai Composite index dropped to 2844.51 points from ...

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
... have forgotten their history but from their comments, these top central 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 ...

Chief economist update: Trade war and peace

BENJAMIN ONG  |  MONDAY, 18 JUN 2018
... multilateral trade agreements. We commit to modernise the WTO to make it more fair as soon as possible. We strive to reduce tariff barriers, non-tariff barriers and subsidies." How could anyone, even Trump himself, sign on that! Canadian PM's Justin ...

Japan needs trade peace with the US

BENJAMIN ONG  |  FRIDAY, 8 JUN 2018
... must be because Bank of Japan (BOJ) policy exit speculations have died down or that Japan's response to Donald Trump's tariff increases has been less confrontational than China, the EU or even Canada but Japan had rarely been on headlines in recent times. ...

Chief economist update: Another five minutes of sunshine?

BENJAMIN ONG  |  THURSDAY, 7 JUN 2018
Australians all, let us rejoice! Our economy is in pole position. The Australian Bureau of Statistics' (ABS) National Accounts report showed the economy expanded by 3.1% in the year to the March quarter, accelerating from the 2.4% in the previous ...

Chief economist update: Capex and credit and the trade war

BENJAMIN ONG  |  FRIDAY, 1 JUN 2018
... Australian Financial Review (AFR) cited Rio Tinto - dual listed in Australia and the UK - where its US buyers "will pay a 10% tariff imposed on Canada's aluminium sales to the US." But beyond a single company, Australia - tariff-exempt as it may ...

Chief economist update: A US dollar story

BENJAMIN ONG  |  TUESDAY, 22 MAY 2018
The times, they are a-changin'. After reaching a peak of 103.01 on the 23 December 2016, the Bloomberg US dollar index began its long descent before hitting a three-year low of 89.19 in February this year - a 13.4% depreciation. The US dollar has ...

Chief economist update: All Ords rising

BENJAMIN ONG  |  TUESDAY, 15 MAY 2018
... his dog were 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. ...

Chief economist update: Talking trade tariffs

BENJAMIN ONG  |  FRIDAY, 4 MAY 2018
... for talks to bargain, hassle, negotiate and compromise. It's been nearly a month since America and China have exchanged tariff threats amounting to US$50 billion, with the US announcing the possibility of another US$100 billion more. The rest of the ...