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Samson » August 15th, 2019
China: We will have to take countermeasures in response to the latest US customs duties
15th August, 2019
Finance Ministry said on Thursday that China will have to take countermeasures inevitable in the face of the US decision to impose the latest tariffs on Chinese goods worth $ 300 billion.
The ministry also said that the US customs duties violate understandings reached by the presidents of the two countries and deviate from the right path to settle disputes through negotiations.
The United States said earlier this month it would impose tariffs on Chinese goods worth $ 300 billion from September 1, effectively covering all Chinese exports to the United States.
But US President Donald Trump backed away from part of the plan on Tuesday, postponing tariffs on some of the targeted items such as cell phones, laptops and some consumer goods, hoping to reduce the impact of duties on sales during the US holiday season. However, the duties will apply to those products from mid-December. LINK
Under $ 58 .. Oil prices continue to decline
15th August, 2019
Oil prices fell 3% to less than $ 58 a barrel on Thursday, continuing the decline recorded by the last session by 3%, as it is under pressure from growing fears of a recession and a sudden increase in US crude oil inventories.
In a sign that investors are concerned that the US economy, the world's largest, may be heading towards recession, which will negatively affect oil demand, the US Treasury yield curve flipped on Wednesday for the first time since 2007.
Brent crude fell $ 1.81, or 3%, to $ 57.67 a barrel and by 11:17 GMT, fell $ 1.57 to $ 57.91. Brent is still up 10% since the start of the year thanks to production cuts led by the Organization of the Petroleum Exporting Countries and allies such as Russia in the group known as OPEC.+ In July, OPEC + agreed to extend oil production cuts until March 2020 to support crude.
A Saudi official on August 8 hinted at the possibility of further steps, saying that "Saudi Arabia is committed to doing everything necessary to keep the market stable next year." But OPEC's efforts have been overshadowed by concerns about the global economy in light of the trade dispute between the United States and China and the uncertainty over Britain's secession from the European Union, as well as rising US crude stocks and rising US shale oil production..
China reported disappointing data for July, including industrial production growth at its lowest level in more than 17 years..
An unexpected increase in US crude oil inventories for the second week adds to pressure on oil prices. Crude oil inventories rose 1.6 million barrels last week, compared with analysts' expectations of a 2.8 million barrel drop, the Energy Information Administration said. LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Samson » August 15th, 2019
China: We will have to take countermeasures in response to the latest US customs duties
15th August, 2019
Finance Ministry said on Thursday that China will have to take countermeasures inevitable in the face of the US decision to impose the latest tariffs on Chinese goods worth $ 300 billion.
The ministry also said that the US customs duties violate understandings reached by the presidents of the two countries and deviate from the right path to settle disputes through negotiations.
The United States said earlier this month it would impose tariffs on Chinese goods worth $ 300 billion from September 1, effectively covering all Chinese exports to the United States.
But US President Donald Trump backed away from part of the plan on Tuesday, postponing tariffs on some of the targeted items such as cell phones, laptops and some consumer goods, hoping to reduce the impact of duties on sales during the US holiday season. However, the duties will apply to those products from mid-December. LINK
Under $ 58 .. Oil prices continue to decline
15th August, 2019
Oil prices fell 3% to less than $ 58 a barrel on Thursday, continuing the decline recorded by the last session by 3%, as it is under pressure from growing fears of a recession and a sudden increase in US crude oil inventories.
In a sign that investors are concerned that the US economy, the world's largest, may be heading towards recession, which will negatively affect oil demand, the US Treasury yield curve flipped on Wednesday for the first time since 2007.
Brent crude fell $ 1.81, or 3%, to $ 57.67 a barrel and by 11:17 GMT, fell $ 1.57 to $ 57.91. Brent is still up 10% since the start of the year thanks to production cuts led by the Organization of the Petroleum Exporting Countries and allies such as Russia in the group known as OPEC.+ In July, OPEC + agreed to extend oil production cuts until March 2020 to support crude.
A Saudi official on August 8 hinted at the possibility of further steps, saying that "Saudi Arabia is committed to doing everything necessary to keep the market stable next year." But OPEC's efforts have been overshadowed by concerns about the global economy in light of the trade dispute between the United States and China and the uncertainty over Britain's secession from the European Union, as well as rising US crude stocks and rising US shale oil production..
China reported disappointing data for July, including industrial production growth at its lowest level in more than 17 years..
An unexpected increase in US crude oil inventories for the second week adds to pressure on oil prices. Crude oil inventories rose 1.6 million barrels last week, compared with analysts' expectations of a 2.8 million barrel drop, the Energy Information Administration said. LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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