To The Moon

The U.S. government has levied a 125% equivalent tariff on Chinese goods, further augmented by a previously imposed 20% tariff related to the fentanyl issue. This cumulative action has propelled the e

President Donald Trump called on China to reach out to him in order to kick off negotiations aimed at resolving the escalating trade fight between the world’s two largest economies.“The ball is in Chi

China has remained Malaysia’s largest trading partner for 16 consecutive years

Smartphones, laptops and equipment for chipmaking are among items exempt from China tariffs under new guidance from the government. Apple Inc. got "the best news possible" overnight, according to an analyst, as the Trump administration exempted smartphones and other consumer electronics products from tariffs.Shares of Apple and other technology companies had been weighed down by worries about Trump's steep tariffs. In Apple's case, given its heavy manufacturing footprint in China, investors feared the company would either need to raise prices on its products or sacrifice margins by holding prices steady. Apple shares had lost 11% between Trump's tariff announcement on April 2 and Friday's close.This is a familiar course for Apple, which got a break from tariffs in Trump's first administration as well."The U.S. tech industry has a loud voice and despite initial strong pushback against exemptions within the White House the reality of the situation was finally recognized," Wedbush analys

China on Friday fired back for what it said was the final time.China's finance ministry raised its tariffs on the U.S., to 125%, from 84%, as the tit-for-tat continues. The China tariffs are effective on April 12."Given that at the current tariff level, there is no market acceptance for U.S. goods exported to China, if the U.S. continues to impose tariffs on Chinese goods exported to the U.S., China will ignore it," said the finance ministry.On Thursday, the U.S. clarified that tariffs on China are 145% - 125% based on retaliatory measures and another 20% related to fentanyl.Friday saw more volatile action in financial markets. Up as much as 463 points, Dow futures recently were down 162 points, with the dollar DXY index falling below the key 100 mark.The yield on the 10-year Treasury BX:TMUBMUSD10Yrose 3 basis points.The dollar was slightly higher vs. the offshore Chinese yuan , rising to 7.3220 yuan, which is near a record high.This content was created by MarketWatch, which is opera

China Finance Ministry: To Raise Additional Tariffs on U.S. Goods to 125% From 84%

BUZZ-Country Garden surges on securing support for offshore debt overhaul ** Shares of Chinese property developer Country Garden Holdings 2007.HK surge 8.1% to HK$0.465, on course for the biggest one-day pct gain since February 27 ** Stock hits highest since April 3 on the fourth straight session of rise** Country Garden said it had reached an agreement with creditors holding nearly 30% of its existing offshore bond debt and was close to finalising terms with another group of bank creditors ** The company is now in a restructuring process that aims to cut its $16.4 billion of offshore debt by 70%** Creditors holding 29.9% of $10.3 billion in bonds had agreed to the plan, company said** Hang Seng Mainland Properties Index .HSMPI slips 0.5%, Hang Seng Index .HSI eases 0.7%

China's Country Garden reaches debt restructuring deal with some creditorsApril 11 - Chinese property developer Country Garden 2007.HK said on Friday it had reached an agreement with creditors holding nearly 30% of its existing bond debt and was close to finalising terms with another group of bank creditors.The proposed restructuring covers aggregate outstanding principal amount of $14.07 billion of its existing debt, the company said.