The President took charge of the crisis, showed the authoritarians in Cabinet that he's still the boss, writes Adriaan Basson.
Rain. Morning clouds. Cool.
The risk of a recession will only escalate if tariff threats that the US has used in its engagements with countries like China and Mexico escalate, says an economist.
International Monetary Fund leader Christine Lagarde has called on governments to de-escalate current trade disputes and instead work to fix the global system.
Tokyo stocks opened higher on Thursday with investor sentiment buoyed by gains on Wall Street and a lower yen.
European car stocks have fallen and the region’s politicians expressed disappointment after US President Donald Trump rejected a proposal to eliminate tariffs on auto imports.
Electronics makers are preparing to shift more production to Southeast Asia as trade tensions with the US make it less appealing to manufacture gadgets in China.
The US government will provide up to $12bn in aid to American farmers hurt by the retaliatory tariffs imposed by trading partners, US Agriculture Secretary Sonny Perdue said this week.
The Brics Summit will not focus on the China and the US trade tiff, but tariff battles must be discussed, said Minister of International Relations and Cooperation Lindiwe Sisulu.
The JSE eased on Thursday with the All-Share index down 0.74% following a relatively muted trading session.
The JSE trended lower along with other global equity markets, as trade concerns continued to dominate market sentiment.
And for other parts of 2017, import duties were up to 30% lower than they should have been, says Tongaat Hulett.
Alphabet’s Google is moving some production of Nest thermostats and server hardware out of China, avoiding punitive US tariffs and an increasingly hostile government in Beijing, according to people familiar with the matter.
China said it will lay out its position on trade talks with the US. in a white paper and hold a rare press conference on the issue on Sunday, an announcement that came hours after it implemented retaliatory tariff increases against the US.
China's Vice Premier Liu He showed up to what were expected to be mid-level talks between US and Chinese officials, on Monday.
SA asked the US to steer clear of punitive tariffs that could make it collateral damage in the trade war with China, says Trade Minister Rob Davies.
The US and China are trying to restart talks aimed at averting a full-blown trade war between the world’s two largest economies, two people familiar with the effort have said.
Leaders of the Brics emerging economies - Brazil, Russia, India, China and South Africa - will meet in Johannesburg this week, with the threat of a worsening global trade war topping the agenda.
China has rallied the support of the biggest developing economies to push back against protectionism as US President Donald Trump threatens to impose tariffs on almost all Chinese imports.
The local bourse found some reprieve on Wednesday as global markets rebounded, mainly on the back of new Chinese stimulus.
There is broad-based weakness across global equity markets including the JSE, as investors try to gauge the impact of US tariffs on China.
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