Bloomberg.- China’s pledge to boost imports from the U.S. under a recently signed trade deal could end up costing the European Union about $11 billion next year.
BBC.- The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald Trump said the pact would be “transformative” for the US economy.
El Comercio.- El inicio de la guerra comercial, que influyó en la ralentización de la economía mundial, se remonta a marzo del 2018, cuando el presidente estadounidense Donald Trump anunció que su gobierno elevaría los aranceles a 1.300 productos chinos. En respuesta, el gigante asiático informó que sumaría 106 artículos estadounidenses a una lista de insumos a los que se les impondrían aranceles del 25% sobre el producto en sus impuestos de ingresos.
MarketWatch.- The economy created 145,000 jobs in the final month of 2019 to cap off the ninth straight year in which employment gains topped the 2 million mark, but workers still aren’t reaping a windfall from the strong labor market in the form of rapidly rising pay.
BBC.- Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles. Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains.
BBC.- Drivers are already feeling the effects of climbing oil prices, with growing tensions between the US and Iran set to push them higher, according to the RAC. “Prices at the pump have already increased by about a penny a litre,” said Simon Williams, who tracks fuel prices for the company.
Las crecientes tensiones geopolíticas entre Estados Unidos e Irán redujeron la aversión al riesgo. Además, los datos de manufactura débiles en EEUU y en China también contribuyeron a aumentar la cautela de los inversores al final de la semana, a pesar de que los datos de la Eurozona fueron mejores de lo esperado.
Bloomberg.- The Chinese trade delegation plans to sign the first phase of its trade deal with the U.S. in Washington on Jan. 15, according to people familiar with the matter.
BBC.- Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production.
BBC.- Donald Trump has announced he will sign a long-awaited trade agreement with China on 15 January. The pact, a “phase one” deal, is expected to reduce tensions between the two economic giants.
MarketWatch.- The number of Americans applying for unemployment benefits fell for the second week after a big spike earlier in December.
Bloomberg.- Chinese officials expect the U.S. will delay a threatened tariff increase set for Sunday as both sides focus on de-escalating tensions by cutting import taxes currently in place rather than removing specific products from the target list, according to people familiar with the matter.
Artículo de Katherine Salazar, publicado en el Reporte Semanal (del 2 al 6 de diciembre del 2019) del Departamento de Estudios Económicos del Scotiabank. La economía china se ha ido deteriorando durante el 2019 producto del conflicto comercial con EE.UU. El crecimiento de los últimos cinco años promediaba 6.9%; sin embargo, la percepción de un crecimiento horizontal cambio hacia una “desaceleración”. En el 3T19 la economía china creció 6%, el menor crecimiento durante los últimos 27 años, y el país espera crecer en un rango entre 6.0%-6.5% este año, esperando un registro menor al 6% en el último trimestre.
América Economía.- Perú está cerca de firmar un acuerdo para impulsar las inversiones de Estados Unidos en infraestructura y energía en el país, una iniciativa de Washington para contrarrestar la influencia china en la región, dijo una diplomática peruana.
MarketWatch.- The nation’s trade deficit dropped almost 8% in October to a 16-month low, largely because of lower imports from China tied to the ongoing U.S. trade dispute with the Asian giant.
Bloomberg.- Chinese state media said the government would soon publish a list of “unreliable entities” that could lead to sanctions against U.S. companies, signaling trade talks between the two nations are increasingly under threat from disputes over human rights in Hong Kong and Xinjiang.
BBC.- Retailers were poised for record-breaking Cyber Monday sales following blockbuster spending in this year’s Black Friday events, a forecast showed. Consumers in the US were expected to spend $9.4bn (£7.3bn) online on Monday, according to Adobe Analytics.
BBC.- A US law supporting pro-democracy protesters in Hong Kong may unsettle trade talks with China, but is unlikely to derail them, analysts say. The US president has signed into law a bill that requires an annual review of Hong Kong’s special status with the US.
MarketWatch.- Electoral campaigns are the moment when political parties remember that there are more poor than rich voters, and in most western democracies, this is the time when promises to raise the minimum wage flourish. In the U.S., Democratic candidates for their party’s presidential nomination all seem to agree on the need to raise the minimum wage to $15 per hour, either right away or over time.
BBC.- By the reckoning of most economists, Donald Trump is engaged in a risky game, as he courts trade fights around the world, undermines the US central bank and runs up the national debt.
BBC.- The US and China have reportedly agreed to roll back tariffs as part of any new trade deal. The reports come amid rising hopes that the two countries will sign a pact that declares an end to a trade fight that has disrupted the global economy.
MarketWatch.- The nation’s trade deficit fell almost 5% in September to a five-month low, aided by the first surplus in petroleum since at least 1978 and a decline in imports from Germany and China.
BBC.- US economic growth slowed down in the third quarter, but beat some economists’ expectations. An official estimate put GDP growth at 1.9% during the quarter, ahead of the 1.6% predicted by some economists.
MarketWatch.- Senator Elizabeth Warren said big banks may see the volatility in U.S. short-term money markets recently as an opportunity to dismantle some of the capital rules put in place in the aftermath of the 2008 financial crisis, and warned the White House not to go along.
Agencia Andina.- La región Moquegua, ubicada en el sur peruano, hará su primer envío de 14.5 toneladas de arándanos a Estados Unidos, tras recibir la certificación fitosanitaria del Servicio Nacional de Sanidad Agraria (Senasa) del Ministerio de Agricultura y Riego.
BBC.- The UK should not expect that its “special relationship” with the US means it will get more favourable terms when it comes to trade. That was the warning from former US trade chief, Michael Froman, talking exclusively to the BBC.
Bloomberg.- U.S. retail sales unexpectedly posted the first decline in seven months, suggesting consumers are starting to become shaky as the main pillar of economic growth and potentially bolstering the case for a third straight Federal Reserve interest-rate cut.
La República.- Las fértiles tierras de Moquegua comenzaron a producir arándanos de calidad para su exportación. El Consorcio Agrícola Moquegua, de capital peruano-chileno, realizó ayer su primer envío de 14.5 toneladas a Filadelfia, Estados Unidos.
BBC.- The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data. The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month.
BBC.- The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the EU. It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for planemakers Airbus and rival Boeing.