Items Tagged with 'China'

ARTICLES

  • Trump calls for Fed to reduce interest rates amid trade war with China

    Says lower interest rates would bolster economy
    President Donald Trump took to Twitter on Tuesday morning to air his thoughts on the trade war with China, where he hinted at monetary actions from the Federal Reserve. Trump explained that China would most likely manipulate its interest rates to keep its economy going during the trade war, but said that if the U.S. did the same, it would be "game over."
    Read More
  • NAHB chief economist: Tariff tweets could be signaling pricier U.S. homes

    Higher construction costs would be passed on to homebuyers
    President Donald Trump’s tweets escalating the U.S.-China trade war weren’t just a threat to the stock markets and the agricultural sector. Housing could be affected as well. "Additional tariffs on a country like China, where we get many of our construction products, are an additional tax on homes," Robert Dietz, chief economist at the National Association of Home Builders, said in an interview.
    Read More
  • Home builders group: New tariffs on Chinese goods are a tax on housing

    New tariffs are slated to affect materials related to housing construction
    New tariffs against China could add $1 billion in costs to goods involved with housing construction. According to CNBC’s Realty Check, the NAHB estimates that of the 6,000 goods under the umbrella of the latest round of tariffs, roughly 600 products, representing $10 billion in goods, are related to the construction of new apartments and homes.
    Read More
  • Here’s what Friday’s tariffs will do to U.S. economy

    Economist predicts destruction of 4% of world trade
    Trade tariffs between China and the U.S. are set for Friday, and economists are already predicting what the effect will be on the U.S. and global economy. A new report from Oxford Economics shows the growing trade war between the U.S., Europe, China and other countries could reduce world trade by 4%, and here’s what that could mean for the U.S.
    Read More
  • Economic strength hinges on China

    All eyes now on the Fed
    One of the worst weeks for the stock market this year is coming to a close, but the worst may not be over. The country continues to question the health of China's economy, along with whether the Federal Reserve will raise interest rates next month.
    Read More