Asian stocks mixed on fears of more USA tariffs on China

31 2018 US President Donald Trump speaks during a fundraiser at the Carmel Country Club in Charlotte North Carolina

Trump tweeted Saturday that "Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive", if the company made its products in the USA instead of China. Birth building fresh plant life now. He added that he's ready to place yet another round of tariffs on $267 billion in Chinese goods after that - bringing the total imports from China subject to tariffs to more than $500 billion. The Trump administration is already poised to slap tariffs on $200 billion worth of goods from China, such as handbags and bicycle tires.

The reason? China imports much less from the U.S. than it exports, therefore retaliatory tariffs will not be enough to match those imposed by the USA, said ING recently.

Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar climbed as U.S. President Donald Trump raised the stakes in the heated trade dispute with China.

- "This is just the beginning", Trump tweeted.

In addition to its Apple Watch and its wireless Air Pods, Apple said tariffs would affect the Apple Pencil, HomePod and MacMini, along with adapters, cables and chargers.

ENERGY: Benchmark U.S. crude added 50 cents to $68.25 a barrel. The conception, acknowledged industry analyst Ed Kim of AutoPacific, was as soon as to pare down the Focus lineup to Active wagons and import them from China.


"Without the tariffs, the business case was pretty solid for that model in the US market", Kim said.

"Our concern with these tariffs is that the United States will be hardest hit, and that will result in lower U.S. growth and competitiveness and higher prices for USA consumers", the company said. Kristin Dziczek of the Heart for Automobile Learn acknowledged that Ford can intention Focuses "in many other plant life round the arena, so within the occasion that they made up our minds to proceed to promote a Focus variant within the US market, there are plenty of alternatives rather then building it within the united states."In April, Ford announced plans to cease making autos within the united states - aside from for the iconic Mustang - and to point of interest on extra successful SUVs".

The Chinese response will depend on how far the United States goes with its next round of tariffs, Pang noted.

China matched Washington's first round of tariff hikes on $50 billion of its goods, but their lopsided trade balance means Beijing is running out of imports for retaliation.

Exports to the United States in August rose 13.4 percent to $44.4 billion, ticking up from July's 13.3 percent growth. The company is concerned, however, about the Trump administration's proposal to add 25 percent duties on another $200 billion in Chinese goods, including a wider assortment of consumer-related items.

The Australian dollar, which is viewed as a gauge of confidence in China's economy because of the huge amount of Australian raw materials bought by Chinese companies, also came under pressure.It was trading near its lowest level against the USA dollar since early 2016, when fears of a collapse in Chinese growth roiled markets.

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