BANK OF CANADA WARNS TRADE WORRIES HITTING ECONOMY
By Gordon Isfeld OTTAWA (MaceNews) – Global economic tension amid ongoing trade disputes, in particular the growing conflict between the United States and China, has led to weaker business investment overall, the Bank of Canada warned Wednesday. “Canada’s economy is operating close to potential and inflation is on target,” the country`s central bank said in its […]
WHITE HOUSE WATCH: TARIFFS ARE A GO FOR SUNDAY AND ‘I GUESS’ CHINA MEET STILL ON
By Denny Gulino THE WHITE HOUSE (MaceNews) -For some reporters standing on the South Lawn driveway Friday evening there was only one question to ask: Are the latest escalated tariffs still on for Sunday. And yes, they are. President Trump talked about hurricane preparations – his Mar a Lago is “dead center – his close […]
WHITE HOUSE WATCH: STOCKS SOAR AS TRADERS SEE HOPE IN CHINA COMMENTS
By Denny Gulino THE WHITE HOUSE (MaceNews) – The statement from China’s Ministry of Commerce could have been more definitive yet it certainly wasn’t the negative declaration some had anticipated, so it was off to the “risk on” races Thursday. The Dow industrials and the S&P 500 held gains of around 1.4% through mid afternoon, […]
WHITE HOUSE WATCH: MKTS HOPE NO NEWS ON CHINA IS GOOD NEWS
By Denny Gulino THE WHITE HOUSE (MaceNews) – Yes, there were calls with China officials the White House insists, as the clock ticks toward the Sunday imposition of the first phase of higher tariffs on many China products. China officials on Wednesday still withheld confirmation of any talks, either telephone calls in the past or […]
WHITE HOUSE WATCH UPDATE: WAITING FOR TRUMP TO BACK OFF OR AFFIRM SUNDAY’S TARIFFS
By Denny Gulino THE WHITE HOUSE (MaceNews) – President Donald Trump kept his tweets coming Tuesday afternoon, again slamming the Federal Reserve while staying away from the topic of China as he has since returning from the weekend in France. One of the other Trumps – “live” Trump – had repeatedly declared China’s Xi Jinping […]
IMF WEO UPDATE: GLOBAL GROWTH REMAINS SUBDUED
–Trade Tensions, Brexit Trim Tenth From Global Growth to 3.2% This Year –Growth Projections for 2020 ‘Is Precarious’ –Risks ‘Mainly to the Downsides –Chides US for Using Tariffs Vs Bilateral Trade Balances WASHINGTON (MaceNews) – The International Monetary Fund’s mid-year update to its World Economic Outlook Tuesday saw only extremely modest downgrades in growth projections, […]
TRUMP-XI MAINTAIN CURRENT TARIFFS, RESTART TALKS FOR 12TH ROUND
–US Chipmakers Can Again Sell to Huawei; China Can Resume U.S. Ag Buys (MaceNews) – The Osaka Castle weekend agreement between U.S. President Donald Trump and China’s Xi Jinping altered the immediate trade landscape significantly, held new tariffs in abeyance “for the time being” and opened the way for another round of talks while freezing […]
US-MEXICO PACT CHANGES DYNAMICS ON TRADE, POLITICS, OUTLOOK
By Denny Gulino WASHINGTON (MaceNews) – It remains to be seen if the U.S.-Mexico agreement eventually cuts Central American migration to the north back anywhere near to the low numbers the Trump Administration inherited yet the aftershocks are likely to nevertheless be consequential. –President Donald Trump is likely to have gained increased confidence in his […]
TEXT OF US-MEXICO DECLARATION ON MEXICO PACT
WASHINGTON (MaceNews) – The following is the joint Mexico-U.S State Department declaration on the agreement announced late Friday between the United States and Mexico that suspends the threat of the first phase of U.S. tariffs being imposed Monday: The United States and Mexico met this week to address the shared challenges of irregular migration, […]
FED’S POWELL MAKES THE ‘FED PUT’ EXPLICIT RE TRADE TURBULENCE
–‘We Will Act as Appropriate’ to Sustain Expansion By Denny Gulino CHICAGO (MaceNews) – In a major announcement Tuesday, Federal Reserve Chairman Jerome Powell made the “Fed put” explicit, saying, “We will act as appropriate to sustain the expansion” in case of trade negotiation turbulence. He is making the remarks at a Chicago Fed conference […]