Stocks Changed Early Loss Wednesday, Reporting Trump Administration Plans To Delay Automatic Tariffs Up To Six Months
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<can class-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Wednesday some news & nbsp; reported that Trump administration is planning to pause & nbsp; on the implementation of automatic tariffs until 18 May. The Department of Commerce produced a report this year that Trump could justify a 25% tariff on cars, indicating a national security threat. "Data Reactor =" 17 "> On Wednesday, several news stores reported that Trump Administration plans to suspend automated tariffs by May 18th. This year, the Department of Commerce has produced a report stating that Trump can justify a 25% tariff on cars, indicating a national security threat. During the session, there were more than 190 points
originally, the stock market opened smaller since April. Retail sales and industrial sales were lower than expected
Retail sales in the US fell 0.2% in April, when contracted economists predicted a profit of 0.2%. In the control group, which does not include volatile cars and gas sales, retail sales also fell by 0.2% per month. However, last month this control group was adjusted to get 1.1 percent. Profit, and a three-month three-month annual growth rate of 3.2 percent, ie five-month high.
JP Morgan analysts noted that lower refunds in the tax season of this year could have contributed to the weakness of household spending in April.
The JPM in the retail sector missed: “One explanation for possible consumer spending cuts last month is the tax season, which looks worse than expected for households, which would also be in line with April 5th. 5.9 percent automatic sales scale. "
– Sam Ro (@SamRo) May 15
"No matter what caused the disappointment of the previous month, the overall consumer outlook still looks quite favorable (jobs, moods, etc.), so we expect better figures in the second quarter," said Michael Morgan, analyst at Morgan on Wednesday.
Industrial production in April. unexpectedly decreased by 0.5% compared to the consensus on change. Production output, which accounts for about three quarters of total output, decreased by 0.5%. In the first three months of this year, production fell by an average of 0.4% per month.
"Declining global growth is clearly still paying US producers, and the dollar has increased even more over the past few months. Andrew Hunter, senior economist at Capital Economics, wrote an additional contradiction.
The manufacturing sector accounts for only a small part of the economic activity in the US, but is closely monitored as a global change agent.
China also released weak data on retail trade and industrial output in April, causing fears of the second-largest global economic slowdown due to rising trade war with the US
Retail sales increased 7.2% China had the weakest growth rate compared to last year, compared to 8.6 percent. growth rates.
April China's industrial output grew by 5.4 percent. Disappointed, the new country's main production sector data rose to March. The observed backlog of industrial output growth of four and a half years is 8.5%.
<p class = "canvas-atom canvas- text Mb (1.0em) Mb (0) – sm mt (0.8em) – sm" type = "text" content = "These results came after the Chinese government This year, it released the incentive program & nbsp; to reduce taxes and charges on businesses to support the economy. ”These figures came after the Chinese government released this year's incentive program to reduce taxes and charges on businesses to support the economy.
<p class = "canvas-atom canvas- text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Analysts & nbsp; as a signal that the US may have more chances to negotiate a trade deal because the domestic economy has shown constant signs of resilience based on the latest GDP and labor market data "data-response =" 33 "> Many analysts have shown that China's economic growth is weak, suggesting that the US may have more room for negotiating a trade deal because the domestic economy has shown persistent signs of resilience based on the latest GDP and labor market data
<p class = "canvas -atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Meanwhile, Trump is expected to sign an order prohibiting US companies from using telecommunications equipment produced by companies that pose a threat to national security is a step that would form a block of business with China's enormous Huawei business, according to & nbsp; Reuters report. "data-reactionsid =" 34 "> It is expected that Trump will sign an order prohibiting US companies from using telecommunication equipment produced by companies deemed to pose a national security risk – the Reuters report would create business with the Chinese technology giant Huawei block
Such actions are likely to increase the tension between the US and China, taking into account the Huawei Center for China's goal of cutting rankings to become world leaders in technology, the US said the Chinese can use Huawei's spy equipment, but company has repeatedly denied these statements
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = " Emily McCormick is a Yahoo Finance reporter. Follow it on Twitter & # 39; e: @emily_mcck "data-responid =" 36 "> Emily McCormick is a Yahoo Finance reporter Follow it on Twitter & # 39; e: @emily_mcck
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Read more from Emily: "data-reactionsid =" 37 "> Read more from Emily: