US trade war with China

[Jaysen]

I'll use this thread for for updates to this ongoing story. Please feel free to post in this thread also.

China to cut US tariffs to 15%: https://www.bbc.co.uk/news/business-46531803

 

[Martika]

Read this article couple days ago on how US-China conflict threatens trade’s tech advances
https://on.ft.com/2QviImn

 

[Eva]

China proposes to draft law banning forced technological transfer from foreign companies. You can find the FT article at: https://www.ft.com/content/90cd02ba-0739-11e9-9fe8-acdb36967cfc

This seemingly addresses the key complaint of the Trump administration which then triggered the US-China trade war. It is interesting to see what's coming next in midst of the US-China trade deal negotiation.

 

[Jaysen]

China says it is "ready to work" with the US:

https://www.bbc.co.uk/news/business-46714985

In mock interviews, I often ask students whether the US tariffs are justified if they bring China to the table. It'll be interesting to see what, if any, policy changes are made during these negotiations.

 

[aditik]

Hey guys, here’s an interesting article about barriers to entry for foreign companies (specifically, visa and Mastercard) into the Chinese market.

https://www.ft.com/content/8dee4b22-13ef-11e9-a581-4ff78404524e

It focuses on Visa and Mastercard’s attempts to enter the Chinese domestic market. Despite recent rule reforms to enable this, China’s central bank has refused to acknowledge the applications made by Visa and Mastercard. The writer has used this refusal to suggest that this is evidence of China's attempts to shelter domestic companies from foreign competition.

 

[PMF_II]

China suffered the biggest fall in exports in two years. Imports also fell due to cooling domestic demand.
https://www.ft.com/content/713ee398-179a-11e9-9e64-d150b3105d21
Do you think China will now be more eager to strike a deal?

 

[Eva]

China suffered the biggest fall in exports in two years. Imports also fell due to cooling domestic demand.
https://www.ft.com/content/713ee398-179a-11e9-9e64-d150b3105d21
Do you think China will now be more eager to strike a deal?

Maybe yes or no: https://www.finimize.com/wp/news/china-trumps-dollar/

In the midst of the trade war, the Chinese yuan has been an attractive investment option for some of the investors, thereby boosting the value of Chinese yuan against US dollar. Whilst one would argue that striking a deal would boost the Chinese companies' profits (and in turn boost the Chinese economy), if you look into the statistics of foreign luxury brand sales in China despite the trade war, it looks to me the deal negotiation can really work both ways.

 

[Eva]

Further reading for those constantly keeping an eye on the trade war negotiation between US and China: https://www.bbc.co.uk/news/business-46819099

The BBC article spells out the three things that US and China 'will never' agree on. Quite skeptical of the use of 'will never', particularly in the political arena where one would say 'never say never'.

 

[Jaysen]

Further reading for those constantly keeping an eye on the trade war negotiation between US and China: https://www.bbc.co.uk/news/business-46819099

The BBC article spells out the three things that US and China 'will never' agree on. Quite skeptical of the use of 'will never', particularly in the political arena where one would say 'never say never'.

Thanks for sharing - that's a good article for practicing a case study interview. I agree with your argument!

 

[Jaysen]

What does China's slowdown mean for the UK?

https://www.bbc.co.uk/news/business-46917562

 

[Jaysen]

A very detailed look into the impact of tariffs by The Economist Intelligence Unit: https://pages.eiu.com/rs/753-RIQ-438/images/Aftershock_ The_pervasive_effects_of_tariff_hikes_.pdf

You can also sign up to their webinar this Thursday 7 February at 3pm, which will discuss the report and how companies should respond to the tariffs (I think this is open to everyone).

 

[Jaysen]

Big news today: Trump has delayed his deadline to increase tariffs on Chinese goods.

https://www.nytimes.com/2019/02/24/...tion=click&module=Top Stories&pgtype=Homepage

Interview questions you may want to think of answering:

• Has Trump's attempts to cut a trade deal with China been successful?
• How can the US enforce a deal with China?

 

[Jaysen]

'US stocks have fallen after President Donald Trump said his administration was considering leaving tariffs on China for a "substantial period".'

https://www.bbc.co.uk/news/business-47644268

 

[Jaysen]

Looks like this will continue to be an interview topic.

On Friday morning, Trump will be increasing tariffs on $200bn worth of Chinese goods: https://www.nytimes.com/2019/05/06/us/politics/trump-tariffs-china.html

This has caused global stocks to fall: https://www.nytimes.com/2019/05/06/business/global-markets-trade-trump.html

 

[Jaysen]

Big news on this today: "The US has more than doubled tariffs on $200bn (£153.7bn) worth of Chinese products, in a sharp escalation of the countries' damaging trade war."
https://www.bbc.co.uk/news/business-48210313
https://www.bbc.co.uk/news/business-48210313

 

[D.Cole]

What effects will the trade war have on business? What effects will it have on law firms? Can anyone help?

 

[Alice G]

Doing my commercial awareness update on this topic too guys so stay tuned!! @D.Cole, I shall be answering this in depth in my write up which I shall be working on today! I shall try give a brief but detailed enough working answer for you later on until it’s published in full next week hope that’s ok and helpful!

 

[D.Cole]

Thanks so much!

 

[Alice G]

Been busier than anticipated with work today but should be able to update on this shortly

 

[tylergab]

Update from Friday: China hits back with tariffs on $60bn of US goods

https://www.ft.com/content/61842c96-7579-11e9-bbad-7c18c0ea0201