Wall Street Rose Welcomes Trade Talks U.S.-China

2018-07-31 21:40

JAKARTA – Wall Street opened higher on Tuesday (31/7/2018). U.S. stocks rose supported the repair technology stocks fell sharply in trading last week. Investors also welcome the talks between the U.S. and China are trying to quell trade war.

Reported by Reuters, The Dow Jones Industrial Average rose 38,38 points or 0.15% to 25.345,21. The S&P500 opened higher 7,13 points or 0.25% to 2.809,73 and the Nasdaq Composite index rose 24,59 points or 0.32% to 7,654.59 at the opening bell.

The Bull Of Wall Street, One Of The Icons Of The Most Popular Of The City Of New York

As is known, the trade disputes between the two largest economies in the world is increasing, after Trump said in a statement on Monday (18/6), that he has asked the Trade Representative of the U.S. to identify imported Chinese goods worth USD200 billion to be subject to the additional rate of 10%. Beijing responded to will protect their interests.

The uncertainty that occurs in the environment of global trade and direction of trade policy of the United States which tend to be fickle lead to a collapse in the economies of developing countries around the world. Nations (ASEAN) that have partnered trade with China increasingly concerned since President Donald Trump is threatening to increase tax rates for Chinese products entering into the US.

The Bull Of Wall Street, One Of The Icons Of The Most Popular Of The City Of New York

Trade disputes between the two countries economic giant of the world (US and China) can lead to a slump in demand for products made in ASEAN in China as well as bring a sense of concern that the ASEAN countries will be flooded iron, aluminum, and other export products coming from China that should be exported to the US. This can lead to a decline in commodity prices and to the detriment of local producers.

Forget the trade war, if the program Made in China 2025 successfully advance the Chinese and beat its competitors in the field of industry a new generation, the U.S. will lose in the competition this trade because the whole world will be increasingly dependent on products created China that will change the life style and way of running the business.