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Media Report
November 16 , 2018
  • CNN：The trade war is pushing business out of China, but not into America
    CNN reports: "US tariffs are prompting companies to move some production out of China, but it's not going where President Donald Trump would prefer.The trade war has made more than $250 billion of Chinese exports more expensive for Americans — from leather belts to refrigerators to motorcycles. The disruption to the world's biggest trading relationship has electronics manufacturers, industrial machinery makers and fashion brands working on shifting some of their assembly lines.'We are flooded by inquiries,' said William Ma, group managing director of Kerry Logistics, a Hong Kong-based firm that helps companies around the world manage their supply chains. 'It all happens after the trade war.' Many firms are keeping much of their operations in China, which offers a giant domestic market and advantages that businesses struggle to find elsewhere. But those that are moving aren't flocking to the United States. Instead, they're looking to transfer work to other Asian countries."
  • CNBC：Trump says China wants to make trade deal, but White House officials warn no sign of pact
    CNBC reports: "President Donald Trump said Friday that China 'wants to make a deal' on trade with the United States, but he also warned that any pact has to be 'reciprocal.' Trump's comments sent the Dow Jones Industrial Average to its high of the day, briefly trading more than 200 points higher in session highs. But White House officials immediately after Trump's remarks told CNBC that people should not read too much into those claims, because there is no sign of a deal coming soon.After CNBC aired that qualification, the DJIA gave back nearly all of its gains seen on Trump's statement."
  • The Wall Street Journal：Thank China for a Cheaper Thanksgiving
    The Wall Street Journal reports: "One upside of the U.S.-China trade dispute: It is keeping the cost of Thanksgiving down. The tariffs that President Trump's administration has placed on Chinese products should end up raising prices in the U.S., but China's retaliatory moves are having the opposite effect. Tariffs on U.S. agricultural products have damped Chinese demand, boosting supplies of some staples of the Thanksgiving table. Cranberry farmers, who until recently were benefiting from Chinese consumers' newfound love for the fruit, are dealing with a supply glut that has pushed prices below the cost of production. Tariffs on U.S. pork have pushed prices so low it has had spillover effects on other products. Tyson Foods on Tuesday cut its 2019 sales forecast as a result of lower pork and poultry prices. The Labor Department's inflation report on Wednesday showed prices of raw poultry excluding chicken—mostly turkey—were down 4.9% last month from a year earlier."
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