EUR/USD 1.08897
0.347%
Gold 3150.39
0.582%
Oil 69.432
-1.402%
USD/JPY 148.012
-0.850%
GBP/USD 1.30400
0.258%
GBP/JPY 193.015
-0.540%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Guatemalan government: The tariffs announced by the United States violate the provisions of the Central American Free Trade Agreement.Japans five-year government bond yield fell 9.5 basis points to 0.98%, the lowest level since February 10.Futures news on April 3, crude oil trend fluctuated narrowly, finished product shipments weakened, fuel oil market players held prices and waited and watched, downstream orders were dominated by rigid demand after phased stocking up, and refinery shipments were lukewarm. It is expected that the overall market trading will be stable today, with a few narrow adjustments.On April 3, CICC pointed out that Trump announced "reciprocal tariffs" on April 2, which exceeded market expectations. Reciprocal tariffs use a combination of "carpet-style" tariffs and "one country, one tariff rate", covering more than 60 major economies. Calculations show that if these tariffs are fully implemented, the effective tariff rate of the United States may rise sharply by 22.7 percentage points from 2.4% in 2024 to 25.1%, which will exceed the tariff level after the implementation of the Smoot-Hawley Tariff Act in 1930. CICC believes that reciprocal tariffs may increase uncertainty and market concerns and aggravate the risk of "stagflation" in the US economy. Calculations show that tariffs may push up US PCE inflation by 1.9 percentage points and reduce real GDP growth by 1.3 percentage points, although they may also bring in more than $700 billion in fiscal revenue. Faced with the risk of "stagflation", the Federal Reserve can only choose to wait and see, and it may be difficult to cut interest rates in the short term. This will further increase the risk of economic downturn and increase the pressure on the market to adjust downward.RBA Financial Stability Assessment Report: US tariffs may have a "chilling effect" on investment and spending.

Foxconn's CEO Will Visit A COVID-19-affected IPhone Factory in China - Source

Aria Thomas

Feb 21, 2023 11:24

微信截图_20230221111725.png


Foxconn Chairman Liu Young-way departed Tuesday for a four-day inspection of the company's iPhone manufacturing facility in Zhengzhou, China, according to a source with firsthand knowledge of the situation.


This will be Liu's first visit to the world's largest Apple (NASDAQ:AAPL) iPhone factory in his capacity as chairman. According to a source, his primary objectives will be to examine conditions following the resumption of production and to engage in substantial dialogue.


Once known as Hon Hai Precision Industries Co., Foxconn declined to comment. The source refused to reveal their identity because they were not authorized to speak to the media.


The iPhone plant of the Taiwanese corporation was struck by a COVID-19 outbreak late last year, which caused thousands of worker departures, unrest, and production difficulties.


In January, Foxconn reported that production at its Zhengzhou facility had "returned to normal."

Suggestion