President Trump Archives - The Industry Spread

European Equities Start Higher, AUDUSD Rebounds

August 6, 2019

Asian stocks continue lower today as trade war tensions escalate after President Trump announced that the US would impose a 10.0% tariff on the remaining $300.0bn-worth of Chinese products. The Nikkei225 is down 0.68 percent lower at 20,578, the Hang Seng trading 1.01 percent lower at 25,884. The Shanghai Composite ended 1.28 percent lower to 2,784, while in Singapore the FTSE Straits Times index finished 0,77 percent lower to 3,169. Australian equities trade lower for the fifth trading session, and the ASX 200 is trading 2.21% lower to 6,493.

Yen attracts Bids as Trade War Intensifies

June 3, 2019

Asian indices started the week lower as President Trump vowed to impose a 5% tariff on Mexican imports and China blames the U.S. for the breakdown in trade talks and said it won’t back down. The Nikkei225 finished 0.92 percent lower to 20,410 below its 100-day moving average; the Hang Seng benchmark in Hong Kong finished 0.16 percent lower at 26,854.

Mexican peso battered after Donald Trump announced new tariffs on Mexico

May 31, 2019

Asian indices finished lower for one more day as President Trump vowed to impose a 5% tariff on Mexican imports until that country stops immigrants from entering the U.S. illegally. The Nikkei225 finished 1.63 percent lower to 20,601 below its 100-day moving average the Hang Seng benchmark in Hong Kong finished 0.59 percent lower at 26,959. The Shanghai Composite finished 0.03 percent lower to 2,904 below the 100-day MA, while in Singapore the FTSE Straits Times index finished 0.80 percent lower to 3,118. Australian equities closed down 47 points or 0.74% to 6,392.

A Financial Transaction Tax- a Tax Which Would Charge for Every Single Trade- has been Introduced in the US Congress.

May 27, 2019

Senator Bernie Sanders a Democrat of the State of Vermont, Senator Kristen Gillibrand a Democrat of the State of New York, and Congresswoman Barbara Lee a Democrat from the State of California, each introduced the Prosperity Act.  This proposed bill “imposes a tax of a fraction of a percent on the trades of stocks, bonds, and derivatives. This tax on Wall Street speculation, also known as a financial transaction tax, is estimated to generate up to $2.4 trillion in public revenue from wealthy investors over 10 years.