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WRAPUP 1-Trump says Americans may feel 'pain' in trade war with Mexico, Canada, China
US faces retaliation from Canada and MexicoExperts warn of inflation, slower economic growthTrump says tariffs will 'definitely happen' with European UnionStock markets fall, dollar surges, oil prices riseBy Jarrett Renshaw, Daphne Psaledakis and David Lawder WASHINGTON, Feb 3 (Reuters) -...Reuters
Feb 3, 2025
Beijing prepares its opening bid to discuss trade with Trump
Reuters has reported, citing unnamed sources, that Beijing is preparing an opening bid to try to head off greater tariff increases and technology restrictions from the Trump administration, indicating that China is keen to begin trade discussions.Fxstreet
Feb 3, 2025
Taiwan and China need peace given 'multifold changes' internationally, president says
Recasts, adds quotes, detailsTAIPEI, Feb 3 (Reuters) - Taiwan and China need to talk to each other to achieve peace given the "multifold changes" in the international situation, Taiwan's President Lai Ching-te said on Monday, calling for dialogue instead of confrontation.Lai, who China d...Reuters
Feb 3, 2025
TREASURIES-Treasury yields fall as tariffs push investors into to safer assets
Updates with trading in the Asia session SINGAPORE, Feb 3 (Reuters) - Treasuries rallied on Monday as impending U.S. tariffs on Canada, Mexico and China drove investors into safe assets despite trepidation about inflation risks. Ten-year U.S. Treasury yields US10YT=RR were down nearly 7 b...Reuters
Feb 3, 2025
WRAPUP 4-Trump says Americans could feel 'pain' in trade war with Mexico, Canada, China
Adds new Trump comments in paragraphs 3-4, 7, market reaction paragraph 8, and analyst comment in paragraphs 10-11US faces retaliation from Canada and MexicoExperts warn of inflation, slower economic growthTrump says tariffs will 'definitely happen' with European UnionUS stock futures down,...Reuters
Feb 3, 2025
China factory activity growth slows in January, Caixin PMI shows
Slowdown comes as Trump orders tariffs on China, othersDomestic demand improves but export orders fall for second monthFactories cut selling prices the most since 2023 on competition BEIJING, Feb 3 (Reuters) - China's factory activity grew at a slower pace in January, while staffing levels fe...Reuters
Feb 3, 2025
US Treasury Secretary Bessent: Tariffs are inflationary and would strengthen the Dollar
In a letter to Key Square Capital Management partners sent a year ago, US Treasury Secretary Scott Bessent said that “tariffs are inflationary and would strengthen the dollar—hardly a good starting point for a US industrial renaissance.” Last month, Bessent pushed for new universal tariffs on US imports to start at 2.5% and rise gradually, per the Financial Times (FT).Fxstreet
Feb 3, 2025
Australia’s Retail Sales decline 0.1 % MoM in December vs. -0.7% expected
Australia’s Retail Sales, a measure of the country’s consumer spending, declined 0.1% MoM in December, compared to an increase of 0.8% in November, the official data published by the Australian Bureau of Statistics (ABS) showed on Monday.Fxstreet
Feb 3, 2025
Japan's factory activity extends decline, optimism weakens, PMI shows
TOKYO, Feb 3 (Reuters) - Japan's factory activity fell at the fastest pace in 10 months on sluggish demand, a private-sector survey showed on Monday, with business confidence hitting a more than two-year low in a sign that the manufacturing sector is under heavy pressure.The final au Jibun Bank ...Reuters
Feb 3, 2025
