U.S., Europe optimism helps global stock index dodge trade war dread

U.S., Europe optimism helps global stock index dodge trade war dread

Ford earlier announced it would not ship the cars from China to the United States because tariffs would make them too expensive, prompting a Trump tweet saying "This is just the beginning".

And, according to BOA Merrill Lynch analyst Wamsi Mohan, Apple may just give in to the president's request by asking its partners to bring some iPhone assembly operations into the USA, which will lead to higher prices.

Chip giant Intel has also come out against the proposed tariffs, arguing they would "result in widespread harm to the US economy" that would affect CPUs, transmission devices, printed circuit boards, routers, switches, and optical fiber cables.

Even cars that are both made and sold in the USA are not exempt from the implications of tariffs.

Its statement came after President Donald Trump tweeted Sunday that if the automaker built its crossover model on American soil then it wouldn't pay any tariffs.

Mr. Trump presumably learned about Ford's decision to cancel the Focus Active from a TV news program and inferred the announcement meant that Ford would build the CUV in America. It makes many of its products for the USA market in China, and it also sells gadgets including the iPhone in China, making them a potential target for Chinese retaliation against the Trump tariffs.

Over the weekend, President Trump acknowledged via a tweet (how else) that Apple might raise prices on some of its products as a result of the president's proposed $200 billion tariffs on China.

Apple says United States tariffs on China would hit 'wide range' of products
If Trump follows through his threats, it would mean virtually all of China's exports to the USA would be subject to higher duties. Nearly 350 individuals from companies, trade associations and other entities testified, with most opposed to the levies.

Southgate vows to stick to principles despite Spain defeat
England reached their first World Cup semi-final in three decades in Russian Federation , before losing 2-1 to Croatia. The Bayern Munich man's passing was so exemplary that it was fitting both goals came from his assists.

Tesla Shares Fall After News Chief Accounting Officer Has Resigned
Tesla said Chief Accounting Officer Dave Morton resigned because of discomfort with the public attention and pace of work. The show took place in California, where recreational marijuana consumption is legal.

"Exciting! #MAGA", Trump tweeted on Saturday after Apple outlined its arguments against U.S. tariffs on Chinese made products.

In April, Ford announced plans to stop making cars in the United States - except for the Mustang - and to focus on more profitable SUVs.

The company said the tariffs will raise costs for USA -based technology companies that manufacture ICT products such as desktop computers, laptops and servers.

The company said tariffs would hit "a wide range of Apple products", including computers, watches, adapters, chargers and tools used in its US manufacturing, fix and data centers.

However, the company's letter adds that every product of theirs "contains parts or materials from the United States and is made with equipment from USA based suppliers".

China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute. The higher expense of USA labor would likely boost the price of Apple products by 20 percent, CNBC.com reported, citing Bank of America Merrill Lynch.

The Focus Active may be the first vehicle officially killed by the administration's tariffs, but it likely won't be the last.

Related news:

Hot News

isis-killer-beheading-video-story-top Jets' Sam Darnold throws pick-6 on first career play
Sep 11, 2018 - 14:47
As much as Darnold struggled with turnovers at USC, he had the moxie to overcome them and spark comebacks in a lot of games. He was mercifully taken out of the game midway through the fourth quarter and replaced by Matt Cassel with Detroit down 31.

isis-killer-beheading-video-story-top Progressive groups ratcheting up pressure on Collins ahead of Kavanaugh vote
Sep 11, 2018 - 10:46
Friday, the Senate Judiciary Committee wrapped up four days of hearings on the Supreme Court nomination of Judge Brett Kavanaugh . But because these two senators are Republicans, activists are anxious that they will vote with their party to confirm Kavanaugh.

isis-killer-beheading-video-story-top No-win situation: Browns can't finish in tie with Steelers
Sep 11, 2018 - 08:44
Rookie Denzel Ward had two interceptions in his National Football League debut. "So we want that player to make an effort". I felt my feet get down. "Disappointed for our fans", said an exasperated Jackson, who fell to 1-31-1 with Cleveland.

isis-killer-beheading-video-story-top Devin Booker to miss six weeks after hand surgery
Sep 11, 2018 - 07:40
The Phoenix Suns are hoping to climb out of the league's cellar and begin on the road to becoming a contender this season. Booker has averaged more than 22 points per game in each of the past 2 seasons for Phoenix.

isis-killer-beheading-video-story-top Djokovic tops del Potro to win U.S. Open, 14th Slam title
Sep 11, 2018 - 04:26
Djokovic had words of thanks for his family and coaching team for their help after he had an elbow operation last February. But in that critical eight deuce game, the three break chances evaporated and Djokovic leveled for 4-4.

Us Calls International Criminal Court 'dangerous'
Sep 11, 2018 - 04:15
Bolton said the announcement about ending all involvement with and support for the ICC put the USA stance in the "public record". In the previous year , ICC has shown signs of being willing to bring cases against the United States for possible war crimes.

isis-killer-beheading-video-story-top Jon Gruden: 'Obviously, Khalil Mack didn't want to play here'
Sep 11, 2018 - 04:11
Rodgers demonstrated once more than having an otherworldly quarterback is more important than anything else. But contract talks never got going, and so Mack was shipped off for the best offer out there.

isis-killer-beheading-video-story-top Cardi B Has Thrown a Shoe During a Fight in the Past
Sep 11, 2018 - 04:00
In 2017, the Bronx-born rapper drew heat from fans after she was accused of referring to dark-skinned black women as "roaches". She went on to deny the allegations made by the 25-year-old that she insulted her parenting or her bb, Kulture .

isis-killer-beheading-video-story-top Did Marcus Mariota get injured on a dirty hit against the Dolphins?
Sep 11, 2018 - 03:38
Walker's injury came late in the fourth quarter when a defender fell awkwardly on his leg as he went down to the ground. The game didn't resume until almost two hours later, when the AFC squads came onto the field to close the half.

isis-killer-beheading-video-story-top Mixed feelings for Justin Rose after play-off defeat
Sep 11, 2018 - 03:32
He had his fourth back surgery in April of last year, and at this time last year he had just been cleared to chip and putt. Woods finished Saturday with another four-under round, then waited out the rain on Sunday and teed off Monday at -12.

isis-killer-beheading-video-story-top Rafael Nadal retires from US Open semifinals match
Sep 11, 2018 - 02:19
He is 14-2 against Nishikori , including a victory in the quarter-finals at Wimbledon . "It means a lot to me", del Potro said . It just allows me to feel more comfortable playing, starting the tournament and going through it.

isis-killer-beheading-video-story-top Gareth Southgate to make nine changes to England side for Switzerland friendly
Sep 11, 2018 - 01:55
I think we've got some players who can and have shown tonight they can perform at that level, and there's some that are still a work in progress.

isis-killer-beheading-video-story-top Without mentioning US Open final drama
Sep 11, 2018 - 00:39
She came into the world on September 1, 2017, and Williams needed a c-section due to fetal distress. The 23-time Grand Slam victor screamed at Ramos: 'Every time I play here, I have problems.

isis-killer-beheading-video-story-top Trump dismisses Woodward book as a ‘joke’
Sep 10, 2018 - 17:58
That's great to finally hear from an insider, but anonymous isn't revealing something we don't already know about Trump. Usually, a year or two in the White House - any White House, serving any president - is not just a badge of honour.

isis-killer-beheading-video-story-top Tropical Storm Isaac forms, one of three storms churning in Atlantic
Sep 10, 2018 - 16:44
Hurricane Isaac - which late Sunday became the fifth hurricane of the season - is heading west towards the Caribbean. Unsafe swells generated by Florence were expected to batter Bermuda early in the week, as well as parts of the U.S.