The trade conflict has reached a new level of seriousness that will be difficult to reverse
China allowed its currency to drop sharply on Monday to the weakest level in more than a decade. And China announced its companies have halted purchases of American agricultural goods. The Trump administration escalated tensions even further late Monday by taking the historic step of labeling China a currency manipulator. This comes after US President Donald Trump vowed last week to impose tariffs for the first time on a wide swath of US consumer goods from China. .
The trade war has forced Washington to come to the rescue of farmers with billions of dollars in aid. Delinquencies on agriculture loans have tripled since mid-2015 to eight-year highs, according to the St. Louis Federal Reserve Bank.FDIC Chairman Jelena McWilliams told CNN Business last week that the agency is"monitoring very closely" how banks in farm states are being impacted by the trade war.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S.-China trade row sends U.S. bond yields tumblingU.S. Treasury yields tumbled on Monday, with 10-year yields hitting the lowest s...
Baca lebih lajut »
Stocks slide amid US-China trade war escalationWe're watching markets slide amid escalations in the the US-China trade war. The S&P 500 is having its worst day of the year and the Dow and Nasdaq are both down more than 3%. Watch live on Facebook:
Baca lebih lajut »
Stocks plunge as US-China trade war escalates—Cramer and other experts on what's nextU.S. stocks had their worst performance of 2019 on Monday as trade fears roiled the major averages, and experts are split on what's next.
Baca lebih lajut »
US declares China a currency manipulator, says it's using yuan to gain 'unfair advantage' in tradeChina added its currency to the weapons it is willing to use in the trade war, and now it's up to President Trump to make the next move.
Baca lebih lajut »
Global Stocks Fall Sharply as U.S.-China Spat Over Yuan Escalates Trade WarStocks and government bond yields fell on fears that fresh trade tensions between the world’s two biggest economies could dent economic growth.
Baca lebih lajut »
Oil prices edge up but U.S.-China trade war dragsOil prices edged up on Tuesday, but remained under pressure as the escalating U....
Baca lebih lajut »