Heard on the Street: What will happen to the great Sino-American trade deal as the coronavirus outbreak spreads world-wide?
China is cutting tariffs on U.S. goods, and markets are celebrating: The Nasdaq rose 0.7% to a fresh high on Thursday, led by trade-reliant stocks including Apple and Nvidia. But investors are ignoring some inconvenient truths.
The move by China’s commerce ministry, announced Thursday, is welcome because it shows that Beijing is following through on pledges it made to lower tariffs following the phase-one trade agreement with the U.S. Tariffs of 5% and 10% levied on some goods in late 2019 will be halved for $75 billion of...
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus live updates: Mnuchin says coronavirus won't hurt China trade deal, Yum warns on virus hitAs of Thursday, more than 28,000 cases of coronavirus have been reported, resulting in at least 565 deaths.
Read more »
Coronavirus Threatens a Popular Crude TradeThe fall and winter of 2019-20 looked like easy money for investors in the oil market. Then the coronavirus hit.
Read more »
China's coronavirus disrupts global container shipping tradeChina's fast-spreading coronavirus is throwing the global container shippin...
Read more »
Dozens of Asia trade fairs, conferences postponed amid coronavirus fearsMore than two dozen large trade fairs and industry conferences in Asia have been...
Read more »