Tag: Xi
Soybeans plunge to near their lowest level in a decade
Soybean prices fell to a near decade-low on Tuesday after data pointed to a larger-than-expected harvest and as the Trump administration escalated trade tensions with the China, the largest destination for American exports of the legume.
These 14 states could see ‘extremely significant damage’ from Trump’s trade wars
The US Chamber of Commerce, a private lobbying group, said in a report that 14 states could suffer "extremely significant damage" after the latest round of tariffs.
Dozens of retailers testified about how Trump’s trade war with China could impact them – here’s what they said
Hundreds of company and industry representatives testified before trade officials in Washington last month about how the next round of duties could affect them. Here's what some individuals from the retail and distribution industries had to say.
The Chinese yuan slides to a 13-month low
The Chinese yuan tumbled to a 13-month low Tuesday as Beijing announced it would pursue tax cuts and other expansionary measures, spurring expectations for loosening monetary policy.
China is using a cartoon soybean to win over the public in the US-China trade war
How much could President Donald Trump's trade war with Beijing cost American farmers? China's government has a cartoon soybean ready to explain.
Trump’s trade fight and the unwinding of a $3 billion bet are clobbering copper
Copper prices plummeted below $6,000 Thursday for the first time in a year as a trade fight between the US and China continued to weigh on metals markets.
The dollar is sliding as US-China trade war materializes
The dollar fell Friday as President Donald Trump followed through with tariffs on $34 billion worth of Chinese products, prompting in-kind retaliation from Beijing.
‘China doesn’t need to punish itself for other’s foolish trade policies’: Wall Street warns Beijing against weakening its curr...
The People's Bank of China has tolerated the depreciation beyond its own stated exchange-rate policy. But analysts say yuan depreciation as a tool in a trade war would be too costly.
Soybeans are tumbling as Trump ratchets up trade fight with Beijing
Soybeans tumbled Tuesday after President Donald Trump threatened hundreds of billions of additional tariffs on the world's largest soy importer, raising concerns that retaliatory import taxes that could further target American agricultural products.
Soybeans are getting whacked after Trump hit China with tariffs on $50 billion worth of goods
Soybeans slid Friday morning as the Trump administration hit the world's biggest importer of soy with tariffs on tens of billions of dollars worth of goods, a move Beijing has said it will push back on with its own levies on major American agricultural goods.