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mminion

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https://www.bloomberg.com/view/articles/201...al-consequences

 

unwinding of some of its holdings in Australian lendersÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ debt is the first such move in about five years by the $1.75 trillion money manager. PimcoÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s reduction of its exposure to notes sold by real estate investment trusts and retailers Down Under reflects concerns that surging personal debt will constrain consumption, according to Aaditya Thakur, senior vice president and portfolio manager in Sydney

 

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they start to acting like "bill gross" after that many years of the man's departure from them. : :lol:

 

but careful about our housing sector!! it's a serious matter to aussie investors.

 

 

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but careful about our housing sector!! it's a serious matter to aussie investors.

 

Some concern being expressed that if franking is restricted SMSFs will turn to REITs and other forms of property investment creating even more demand.

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President Donald Trump will slap import quotas on Australian steel and aluminium and the tariff exemption he granted Prime Minister Malcolm Turnbull may only be temporary.

 

US Trade Representative Robert Lighthizer and Mr Trump's policy adviser Peter Navarro offered new details on the tariffs on Thursday, US time.

 

Australia, Europe, South Korea, Canada, Mexico, Argentina and Brazil were named by Mr Lighthizer as the nations that will initially escape America's 25 per cent steel and 10 per cent aluminium tariffs, which come into force on Friday.

 

The Trump administration, however, was quick to remind Australia and the other exempted countries that pressure would be applied to secure better trade deals for the US.

"Here's what's going to happen," Mr Navarro told CNN.

 

"They're temporary exemptions conditioned on the ability of these countries to come to the table and give us more fair and reciprocal trade."

 

Australia and other exempted nations will be saddled with steel and aluminium quotas to prevent non-exempted nations attempting to find backdoor entry points to America.

"This is an important thing," Mr Navarro said.

 

"Every country that is not facing tariffs that we are going to negotiate with will face quotas so that we protect our aluminum and steel industries.

 

"For all countries there has to be a quota.

 

"If you don't put a quota on then any country that can do whatever they want will become a trans-shipment point for any other country."

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China strikes back in trade spat, aims tariffs at $3 billion U.S. goods

Adam Jourdan

2 MIN READ

 

SHANGHAI (Reuters) - China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the worldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s two largest economies stood on the brink of a trade war.

https://www.reuters.com/article/us-usa-trad...s-idUSKBN1GY3E1

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https://www.cnbc.com/2018/03/24/trade-war-u...ment-forum.html

 

Our belief (is) that both China and the U.S. are great trading nations, and maybe there are some differences, but I'm sure that common sense would prevail at the end of the day," Jacques told CNBC at the China Development Forum in Beijing.

 

"I just hope that they sit together, work out the issues. And clearly, in that context, the next 45 to 60 days are going to be very important. So let's watch it and let's see what happens," he said.

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as said ---our miner will be suffer big time if this trade war going further.

 

RIO CEO "common sense would prevail' ". hey !! this is Trump you are talking about!! " common sense" for him???? good luck! :lol:

 

 

 

 

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  • 2 weeks later...

Looks like another bad day on markets coming up, thanks to the tit for tat trade wars

 

Live commentary from The Guardian - China says trade war is 'lose-lose' as it hits America with new tariffs - business live

6m ago

20:23

The future market is now indicating that the Dow Jones industrial average will tumble by 600 points, or more than 2%.

https://www.theguardian.com/business/live/2...s-business-live?

 

ChinaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Tit-for-Tat Tariffs Send U.S. Index Futures Tumbling

https://www.bloomberg.com/news/articles/201...utures-tumbling

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