Donald Trump

Trump has a message for the world: My trade wars aren't over yet
(Apr 10): President Donald Trump is sending a clear message to the economic policy makers gathering in Washington for the IMF and World Bank’s spring meetings: My trade wars aren’t finished yet and a weakening global economy will just have to deal with it. With his latest threat to impose tariffs on US$11 billion ($14.9 billion) in imports from the European Union -- from helicopters to ...
Trump sees no Xi summit by tariff date, stoking trade worry
WASHINGTON (Feb 8): President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher US tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Trump responded “No” and shook his head Thursday when reporters at the White House asked him if he would meet with Xi this month. Then he added, ...
US-China trade dispute likely to re-escalate after Mar 1, says Fitch Solutions
SINGAPORE (Jan 11): Fitch Solutions Macro Research is suggesting a high likelihood that the US-China trade dispute will re-escalate after Mar 1, due to disagreements over a number of outstanding key concerns. One such concern is a persistent lack of detail surrounding the planned increase in Chinese purchases of American goods and services, which have only been characterised as ...
Trump, Kim likely to choose Hanoi for second summit, report says
SINGAPORE (Jan 7):US President Donald Trump and North Korean leader Kim Jong Un could meet in Vietnam’s capital for their second summit on Pyongyang’s nuclear ambitions, the South Korean newspaper Munhwa Ilbo said. Denuclearisation talks have sputtered since Trump and Kim held an unprecedented June meeting in Singapore, with Washington and Pyongyang each calling on the other to take ...
Emerging markets at mercy of trade & Fed after painful 2018
DUBAI/SINGAPORE (Dec 31): Until a trade dispute between the US and China is resolved, a single tweet on the matter will have the power to ignite rallies and sell-offs. The tweet in question this week is President Donald Trump’s declaration that “big progress” is being made toward a deal between the US and China, and it may spur gains across emerging markets. The message comes about 10 ...
US-China trade talks to take place Beijing in early Jan
WASHINGTON (Dec 27): A US government delegation will travel to Beijing in the week of Jan. 7 to hold trade talks with Chinese officials, two people familiar with the matter said. Deputy US Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to the people, who spoke ...
Gold powers to 6-month high as turmoil spurs demand for haven
SINGAPORE (Dec 31): Gold is rallying into the end of 2018 as turmoil in global equities, the partial US government shutdown and concerns about the outlook for next year stoke demand, lifting prices to the highest in six months. Bullion climbed as much as 0.4% on Wednesday, extending last week’s gain and on course for the biggest monthly advance since January 2017. Money managers are the most ...
Trump's two-year stock honeymoon ends with hunt for betrayer
(Dec 24): Nobody was happier to take credit for surging stocks than Donald Trump, who touted and tweeted each leg up. Now the bull is on life support and the search for its killer is on. And while many on Wall Street share the president’s frustration with the man atop his markets enemies list, Federal Reserve Chairman Jerome Powell, they say Trump himself risks making things worse with too ...
Trade-war detente leaves booby traps for investors: Reuters Breakingviews
WASHINGTON (Dec 3): The trade-war ceasefire between the United States and China leaves many booby traps for investors. Both countries will put new tariffs on hold while the People’s Republic vows to buy more American goods and makes other concessions. Despite the upbeat tone, there are plenty of ways for things to blow up. A détente hashed out over dinner in Argentina between President ...
Banks kept at 'overweight' by UOB on cautious expectations of win-win China-US trade deal
SINGAPORE (Nov 26): UOB KayHian is maintaining its “overweight” on the Singapore banking sector on expectations the United States will pursue a win-win trade deal with China. With an eye on the Presidential Election in 2020, UOB believes President Trump’s agenda could switch towards shoring up economic growth. The US and China are gonging ahead with the dinner meeting scheduled for ...