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Stocks turn higher after Trump again says U.S. is 'close' to a China trade deal
cnb.cx/2LPbpl7
BREAKING: U.S. negotiators offer to cut existing tariff rates by up to 50% on $360B of Chinese imports and also offer to cancel new China tariffs set to kick in on Dec. 15 - Dow Jones cnb.cx/2LPbpl7
BREAKING: Dow, S&P 500 and Nasdaq hit new all-time highs after Dow Jones reports that U.S. negotiators are offering to cancel new China tariffs set to kick in on Dec. 15 cnb.cx/2LPbpl7
BREAKING: US has a phase one trade deal with China in principle pending Trump’s approval cnbc.com/2019/12/12/tru…
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CNBC Now
@CNBCnow
Stocks edge higher as China says it has agreed with the U.S. on the context of a phase one trade deal and that the U.S. will cancel tariffs in phases cnb.cx/2taiV3m
BREAKING: Trump says ’25% tariffs will remain,′ but new China duties will not take effect Sunday cnbc.com/2019/12/13/tru…
Stocks turn lower after 'phase one' trade deal is announced by China with few details and Trump scraps December 15 tariffs cnb.cx/2slDrOa
Read 5 tweets
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CNBC Now
@CNBCnow
BREAKING: Boris Johnson’s Conservative Party set to win UK election with a clear majority, exit poll shows cnbc.com/2019/12/12/uk-…
BREAKING: Pound surges after exit poll predicts huge Conservative majority after U.K. election cnbc.com/2019/12/12/uk-…
British Pound surges more than 2.6% above 1.35 vs. the dollar after exit poll forecasts clear Conservative majority cnb.cx/34gCynt
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CNBC Now
@CNBCnow
Stocks open lower by more than 1% after Trump suggested earlier that he may want to delay a trade deal with China until after the 2020 presidential election.
cnb.cx/37ZAjI5
Stocks extend drop in early trading to around 1.5% cnb.cx/37ZAjI5
Stocks end lower but well off worst levels of the day after Trump hints at China trade deal delay

cnb.cx/37ZAjI5
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IndoPacific_SCS_Info
@IndoPac_Info
#China backtracked on nearly all aspects of #US trade deal - All of us that follow & know China knew that this was never going to fly. You can't negotiate with a rogue, predatory state like China. This is for the better. mobile.reuters.com/article/amp/id…
The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations. The document was riddled with reversals by China that undermined core US demands, sources said
In each of the 7 chapters of the draft trade deal, China deleted its commitments to change laws to resolve core complaints that caused the US to launch a trade war: theft of US IP & trade secrets; forced tech transfers; competition policy; access to financial services, etc, etc.
Read 43 tweets
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Christophe Barraud🛢
@C_Barraud
🇺🇸 🇨🇳 *U.S. WAITING TO HEAR FROM #CHINA ON TRADE DEAL, KUDLOW SAYS - BBG
*KUDLOW EXPECTS U.S.-CHINA MEETING IN MARCH IN MAR-A-LAGO
*TRUMP, LIGHTHIZER ARE VERY CLOSE, KUDLOW TELLS CNBC
🇺🇸 🇨🇳 #CHINA WOULD HAVE TO NOTE ANY FX INTERVENTION UNDER DEAL: KUDLOW - BBG
🇺🇸 🇨🇳 *MNUCHIN SAYS #CHINA #TRADE TALKS INCLUDE 150-PAGE DOCUMENT - BBG
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Julie Laumann
@Otpor17
In 2012, Tim Cook announced Apple would make a Mac computer in the US.

But when Apple began making the $3000 computer in Texas, it struggled to find enough screws. By the time the computer was ready for mass production, Apple had ordered screws from China nyti.ms/2HBT2QK
Apple CEO Tim Cook: “The skill here is just incredible. In the US, you could have a meeting of tooling engineers and I’m not sure we could fill the room. In China, you could fill multiple football fields.” (h/t @scottlincicome)
"Caterpillar said costs tied to new US tariffs on foreign goods, including steel and aluminum, were just above $100 million over the 5 months of 2018 that they were in effect.

The company expects more than $200 million in tariff-related costs this year." wsj.com/articles/cater…
Read 140 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇦 🇺🇸 🇨🇳 🇮🇷 #Canada arrests #Huawei’s global chief financial officer in Vancouver – The Globe and Mail
theglobeandmail.com/canada/article…
A gauge of #technology shares on the MSCI #Asia Pacific Index slid as much as 3 percent before paring some losses - Bloomberg
🇺🇸 #SPX ⬇ as much as 1.9% from Tuesday’s close, before paring some losses. Selling pressure early in the session was so intense that it forced CME Group to intermittently pause trading, according to a spokesperson for the exchange - Bloomberg
*Link: bloom.bg/2BTw5DN
Read 736 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets
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Julie Laumann 🌎
@Otpor17
"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets

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