CHINA – COMMERCE – UNITED STATES

Trade war pain will be felt globally: OECD

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Original article by Jacob Greber, Patrick Durkin
The Australian Financial Review – Page: 15 : 21-Sep-18

A report from the OECD has warned that the US-China trade war could undermine global economic growth. The interim economic outlook report notes that the tariff war has already had an impact on the global trade growth rate, which slowed significantly during the first half of 2018. The OECD says global investment, jobs and living standards will be adversely affected if the trade war escalates. It also expects the US to record GDP growth of 2.9 per cent year-on-year in 2018, while it still expects growth of 6.7 per cent in China. Australia’s GDP growth rate is forecast to be 2.9 per cent in 2018 and three per cent in 2019.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, STATE STREET GLOBAL ADVISORS LIMITED, L1 CAPITAL PTY LTD

RBA warns over trade war fallout

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Original article by David Uren, Cameron Stewart, Glenda Korporaal
The Australian – Page: 1 & 6 : 19-Sep-18

President Donald Trump has vowed to escalate the trade war with China, after announcing that the US will impose a tariff of 10 per cent on $US200bn worth of Chinese goods from 24 September. This will rise to 25 per cent on 1 January. The minutes of the Reserve Bank of Australia’s latest board meeting show that the central bank is concerned about the potential impact of the trade war on the Australian economy. Modelling by KPMG indicates that the Trump administration’s new round of tariff hikes would cut Australia’s GDP by about 0.3 per cent by the early 2020s.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, RESERVE BANK OF AUSTRALIA, KPMG AUSTRALIA PTY LTD, CHINA. MINISTRY OF COMMERCE, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, UNIVERSITY OF SYDNEY. UNITED STATES STUDIES CENTRE

China trade war threat ratchets up

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Original article by Jacob Greber, Michael Smith
The Australian Financial Review – Page: 1 & 13 : 10-Sep-18

The US has already imposed tariffs on $US50 billion worth of Chinese imports, and is believed to finalising duties on an additional $US200 billion ($281 billion) worth of imports in the next few days. Donald Trump hinted to reporters on 7 September that he may impose tariffs on a further $US267 billion worth of Chinese imports. If this threat eventuated, it would effectively mean a tariff on all Chinese imports into the US. Jeffrey Wright from the Eurasia Group says US industry remains divided on Trump’s tariffs stance.

CORPORATES
EURASIA GROUP, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Aussie miner in trade war crossfire

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Original article by Alexandra Stevenson
The Australian Financial Review – Page: 20 : 13-Jul-18

China’s domination of the global rare earths market gives the nation significant power in a trade war with the US. Rare earth minerals are an essential component of consumer goods such as smartphones and electric cars. Chinese-made goods containing rare earths are among those being targeted by the Trump administration’s latest round of tariffs. Amanda Lacaze, the CEO of Australian-listed rare earths producer Lynas Corporation, says China could easily restrict global supply if a full-scale trade war erupts. Lynas produced about 12 per cent of global rare earths supply in 2017.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, ADAMAS INTELLIGENCE

Trump to slap China with $US50b in trade sanctions

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Original article by John Kehoe, Michael Smith
The Australian Financial Review – Page: 1 & 16 : 23-Mar-18

Fears of a global trade war have been heightened after the US announced plans to pursue punitive measures against China in retaliation for its theft of intellectual property. The US will impose $US50bn ($A64bn) worth of tariffs on China are expected to target a wide range of Chinese-made goods, while the US is also expected to introduce new foreign investment restrictions on China. US Trade Representative Robert Lighthizer has noted that the World Trade Organization has been "wholly inadequate" in addressing concerns about China.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF COMMERCE, WORLD TRADE ORGANIZATION, CHINA. MINISTRY OF COMMERCE, UNITED STATES. FEDERAL RESERVE BOARD, BOEING COMPANY, QUALCOMM INCORPORATED, MONEYGRAM INTERNATIONAL LIMITED, UNITED STATES. NATIONAL FOREIGN TRADE COUNCIL, THE GOLDMAN SACHS GROUP INCORPORATED