Tag Archives: Tariffs

Financial Daily Dose 5.20.2019 | Top Story: Google and Chipmakers Ditch Huawei

BY: Michael D. Reif | May 20, 2019

Google parent company Alphabet [and a host of chipmakers] formally suspended all business with Huawei “that requires the transfer of hardware, software and technical services except those publicly available via open source licensing,” a major blow to the Chinese tech company that the White House has “sought to blacklist around the world” – Reuters and … Continue reading

Financial Daily Dose 5.13.2019 | Top Story: Uber Shares Diving

BY: Michael D. Reif | May 13, 2019

True, the economic headwinds weren’t its fault, but boy—not a banner debut for Uber after years of speculation and waiting – NYTimes and WSJ and Bloomberg and Marketplace and Law360 And that meant an equally rough patch for SoftBank, which has lost more than $9 billion in value since booking a $3.8 billion gain from … Continue reading

Financial Daily Dose 5.10.2019 | Top Story: Chevron Concedes Anadarko Bidding War to Occidental

BY: Michael D. Reif | May 10, 2019

Chevron has dropped its $33 billion bid for Anadarko, ending the energy industry’s “fiercest takeover battle in 15 years” and leaving smaller rival Occidental “poised to become the dominant force in the largest oil field in the United States” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 Markets clearly have an outcome in … Continue reading

Financial Daily Dose 5.8.2019 | Top Story: US/China Trade Talks Resume

BY: Michael D. Reif | May 8, 2019

China’s lead trade negotiator, Vice Premier Liu He, is in D.C. today—despite the White House’s latest threats to increase tariffs by 15% on $200 billion of Chinese goods—to continue trade talks with his U.S. counterparts. Mr. Liu’s personal involvement in the negotiations had been up in the air earlier in the week because of the … Continue reading

Financial Daily Dose 5.7.2019 | Top Story: Occidental Ups Cash Bid for Anadarko

BY: Michael D. Reif | May 7, 2019

Occidental has increased the cash portion of its recent bid for rival Anadarko, upping the cash side of its $38 billion offer to 78% (from 50%). Chevron now has 4 days to sweeten its bid or lose out – NYTimes and WSJ and Bloomberg Some details of the White House’s sudden shift over the weekend … Continue reading

Financial Daily Dose 5.6.2019 | Top Story: New Tariff Threats Upend US-China Talks

BY: Michael D. Reif | May 6, 2019

All of Treasury Secretary Mnuchin’s “great progress” reports be damned, apparently. Over the weekend, the White House threatened to fast-forward plans to raise tariffs from 10 to 25% on $200 billion of Chinese imports, promising to do so this Friday. The news left China scrambling to adjust, even as its negotiating team was getting ready … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 9, 2019

Because why not another trade war open front, right? The White House has announced plans for tariffs on a wide range of $11 billion worth of EU goods stemming from a WTO ruling of nearly a year ago that planemaker Airbus “had received illegal funding for its A380 and A350 models” to the detriment of … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 21, 2019

The Federal Reserve’s Open Market Committee wrapped its March meetings yesterday with Chair Powell highlighting the central bank’s “fairly downbeat economic assessment” and the expectation that it will keep rates steady for the rest of the year – NYTimes and WSJ and Bloomberg Meanwhile, Wall Street wasn’t quite sure how to take the news. While … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 8, 2019

US trade negotiations with China have stalled such that the anticipated meeting between the countries’ leaders is, according the White House, “highly unlikely” to occur before the March 1 deadline marking the end of a 90-day truce in the trade battle between the economic superpowers – WSJ and Bloomberg And, because why have one trade … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 18, 2019

The White House is reportedly considering easing some tariffs on Chinese markets “as a way to calm markets and give Beijing an incentive to make deeper concessions in a trade battle that has rattled global economies.” The push to lift or eliminate some tariffs is pitting Treasury Secretary Mnuchin, who favors the idea, against US … Continue reading