Today’s top business headlines with ChristineRomans before the opening bell on Wall Street:
GDP growth was driven in part by a big drop in imports
, following a surge of imports last year as companies attempted to stock up in advance of tariff deadlines. Usually, imports weigh negatively on GDP, while exports increase it. A drop in imports from China was a large factor in the first quarter economic growth. But exports to China also declined. The US sells way less to China than it buys from them., since many imports are used to produce things in America that are then re-exported. Also, tariffs impact the economy in multiple ways, including consumer prices -- which have climbed substantially on goods subject to new tariffs -- and disruptions to supply chains.
, and that impact will increase significantly over the next year if the new 25% tariffs on $200 billion in Chinese imports are not removed.Manufacturing purchasing managers indices and hiring have been down since the middle of last year. In the April NABE survey, 75% of economists at goods-producing businesses said the trade war had been a drag on growth.
Beijing's action comes in retaliation. Last Friday, the United States raised tariffs on some $200 billion Chinese imports from 10% to 25% after trade talks held in Washington
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
What's moving markets today: Live updatesThe Dow plunged 450 points on Monday morning after President Donald Trump surprised investors by threatening to impose higher tariffs on China in a late Sunday tweet. Follow live updates on CNNBusiness
Consulte Mais informação »
What's moving markets today: Live updatesInvestors are keeping an eye on Uber's massive IPO and how markets will react after the United States introduced additional tariffs on Chinese imports.
Consulte Mais informação »
A bet on live sports: Why Sinclair is scooping up regional sports networks“I fundamentally believe that sports rights will be valuable for the foreseeable future and will continue to increase in value,” Ripley said of the $10.6 billion deal.
Consulte Mais informação »
Uber, volatility and trillion-dollar companies: The Reformed Broker Live on Twitter at 11amETHave a question about the recent volatility in the markets? Want to know more about Uber's IPO? We'll be LIVE with ReformedBroker and TheDomino taking your questions, today at 11 AM ET here on Twitter. Reply to this tweet with questions! InvestInYou
Consulte Mais informação »
Uber and Lyft drivers strike for better pay: Live updatesUber drivers are walking out to protest their low pay a few days ahead of its Wall Street debut. Uber is expected to raise as much as $10 billion.
Consulte Mais informação »
You can live like Elizabeth Holmes — for more than $5,000 a monthFormer Theranos CEO Elizabeth Holmes has moved out of her luxury apartment in San Francisco. It is now available to rent.
Consulte Mais informação »
Trump asserts executive privilege over Mueller report: Live updatesThe Justice Department informed the House Judiciary Committee that President Trump has asserted executive privilege over the Mueller report as the panel gathered to vote on whether to hold Attorney General William Barr in contempt. Follow here for the latest.
Consulte Mais informação »
Met Gala 2019: Live updatesWho. What. Wear. thealexbadia dishes on all lights-out looks from the MetGala, including Billy Porter’s Egyptian homage and Lady Gaga going from pink to black to pink to black -- four looks in one.
Consulte Mais informação »
The royal baby is a boy: Live updatesBaby Sussex will be seventh in line to the British throne. Meghan and Harry's child comes after Prince Charles, Prince William, Prince George, Princess Charlotte, Prince Louis, and Prince Harry:
Consulte Mais informação »
How To Start Destiny 2’s Surprise Outbreak Prime Quest, Live NowDestiny 2 has unleashed what appears to be a new Outbreak Prime quest, bringing back a beloved exotic questline from Destiny 1 during some relative down time. Here's how to start it.
Consulte Mais informação »
How To Watch Google’s Big Keynote Live—And What To ExpectGoogle kicks off its I/O developers' conference on Tuesday. Here's how and when to watch it live:
Consulte Mais informação »