US China Trade Negotiations Continue, US Tariffs Called Into Question

The U.S. and China continue to negotiate amid the trade wars. According to a recent article in Bloomberg, China remains open to reaching a compromise and partial trade deal with the U.S. The main cause for concern stems from weakening any potential damage a trade war will cause on the health of the global economy. Negotiators will meet in Washingto...
Continue reading
  137 Hits
  0 Comments
Tags:
137 Hits
0 Comments

Federal and Central Bank Currency May be on the Way

With the advent of FedNow, the U.S. Federal Reserve tossed around the idea of issuing a digital currency Oct. 2, according to a recent article in Reuters. Philadelphia Federal Reserve bank president Patrick Harker said during a community banking conference the implementation of a digital currency "is inevitable," but he does not want the U.S. to be...
Continue reading
  199 Hits
  0 Comments
Tags:
199 Hits
0 Comments

Moody's and Fitch Downgrade Hong Kong's Ratings

The protests in Hong Kong continue, and the political unrest in the region has begun to have an impact on the health of its economy. According to a recent article by Reuters, Moody's knocked down Hong Kong's rating from stable to negative. Moody's made this decision as it deemed the risk from the protests has caused "an erosion in the strength of H...
Continue reading
  239 Hits
  0 Comments
Tags:
239 Hits
0 Comments

Amazon and Wayfair May Raise Prices to Offset Chinese Tariffs

The repercussions of the Chinese tariffs on U.S. goods may begin to manifest at Amazon and Wayfair: these companies may no longer be able to absorb the tariff costs, according to research by Bank of America given to Supply Chain Dive. With the 15% tariff that went into place Sept. 8, Amazon may raise its prices by as much as 2.6% and Wayfair by as ...
Continue reading
  260 Hits
  0 Comments
Tags:
260 Hits
0 Comments

Strategic Global Intelligence Brief for September 9, 2019

By Chris Kuehl, Ph.D., NACM Economist Short Items of Interest—U.S. Economy Global Debt Is Rising Concern In the years since the financial crisis that led to the recession, there had been an assumption this miserable experience would convince those in the business and financial community to be more cautious about debt. It was also assumed this exper...
Continue reading
  199 Hits
  0 Comments
Tags:
199 Hits
0 Comments

Construction Confidence Dips in June, Optimism Moving Forward

Construction contractors lost confidence during the month of June, according to the June 2019 Construction Confidence Index released by Associated Builders and Contractors (ABC). This lack of confidence stems primarily from nonresidential construction. Despite the dip in sales, profits and staffing levels in June, the levels in the survey still rem...
Continue reading
  190 Hits
  0 Comments
Tags:
190 Hits
0 Comments

Ports Close Ahead of Tropical Storm Dorian

Hurricane season continues, with ports and businesses taking note of the weather patterns affecting projects and shipment deliveries. Tropical Storm Dorian remains a threat for Puerto Rico and the U.S. Virgin Islands, with all maritime ports in the area set for Port Condition Zulu as of Aug. 28, according to a recent article in Supply Chain Dive. G...
Continue reading
  1070 Hits
  0 Comments
Tags:
1070 Hits
0 Comments

Strategic Global Intelligence Brief for August 23, 2019

By Chris Kuehl, Ph.D., NACM Economist Short Items of Interest—U.S. Economy China Retaliates As expected, the Chinese have reacted to the U.S. tariff threats and imposed their own tariffs on another $75 billion worth of U.S. goods. The U.S. has indicated it will impose tariffs on $300 billion worth of Chinese imports into the U.S. The announced tari...
Continue reading
  178 Hits
  0 Comments
178 Hits
0 Comments

Housing Starts Fall During July

U.S. housing starts fell during the month of July, making this the third consecutive month of falling starts, according to a recent article by Reuters. The biggest decline was seen in multi-family units. Despite these shortcomings, permits reached a seven-month high, offering some hope in the housing market. In total, housing starts dropped 4%, adj...
Continue reading
  461 Hits
  0 Comments
Tags:
461 Hits
0 Comments

US to Impose 10% Tariff on List Four Chinese Goods

The U.S. announced Aug. 1 it will impose a 10% tariff on $300 billion of Chinese goods beginning Sept. 1. This leaves businesses with just under a month to prepare, although negotiations are set to continue. The tariffs will impact list four goods. President Trump said he will meet with negotiators again in early September, according to Supply Chai...
Continue reading
  379 Hits
  0 Comments
Tags:
379 Hits
0 Comments

West Coast Imports Decline in June, Tariffs a Suspect to Blame

West Coast imports declined in the month of June, which may be tied to recent trade wars and tariffs. Notably, the Port of Long Beach saw a 13% decline year-over-year (YOY) in June, along with the Port of Oakland and the Northwest Seaport Alliance which saw a 6% drop YOY in June, according to Supply Chain Dive. These numbers have been offset by a 3...
Continue reading
  282 Hits
  0 Comments
Tags:
282 Hits
0 Comments

Chinese Tariffs Discourage US Fashion Companies

A recent report by the U.S. Fashion Industry Association revealed the U.S.-China trade war has pushed U.S. companies to reduce how much they source from China. Up by more than 15% from 2018, 83% said they plan on reducing their sourcing from China. The companies also cited U.S. protectionism and rising production costs as some of the main strains o...
Continue reading
  865 Hits
  0 Comments
Tags:
865 Hits
0 Comments

US Proposes Tariffs on EU Imports, Mostly Food

The U.S. proposed tariffs on goods from the European Union, totaling $4 billion, according to a recent article by Supply Chain Dive. Many of the items on the list are food-related—cheese, olives, meats, pasta and whiskey—but some metals and chemicals made the list as well. Most of the controversy surrounding these tariffs stems from a dispute over ...
Continue reading
  1274 Hits
  0 Comments
Tags:
1274 Hits
0 Comments

Construction Spending Saw a Decline in May

Construction spending fell during the month of May, according to a recent report by Wells Fargo. Construction expenditures dropped by 0.8%, and residential spending is still much weaker compared to public spending. Residential spending fell 0.6%, and nonresidential spending fell by almost 1%⁠—the first time nonresidential has dipped in about a year...
Continue reading
  209 Hits
  0 Comments
Tags:
209 Hits
0 Comments

Existing Home Sales Increase During Month of May

During the month of May, U.S. existing home sales increased by 2.5% compared to last month, reaching a seasonally adjusted annual rate of 5.34 million units, according to a recent article by Reuters. Lower interest rates for mortgages helped give the data a boost this month. Reuters speculated the existing home sale rate would reach 5.25 million un...
Continue reading
  372 Hits
  0 Comments
Tags:
372 Hits
0 Comments

Companies Begin to Move Manufacturing Out of China Amid Tariff Threats and Implementation

Amid the threats and implementation of Chinese tariffs, more companies consider moving operations out of China. According to Supply Chain Dive, companies like Apple and Nintendo have plans to move production to Southeast Asia from China. The fourth list of Chinese tariffs will likely be approved halfway through the month of June, impacting Apple an...
Continue reading
  345 Hits
  0 Comments
Tags:
345 Hits
0 Comments

May's CMI Continues to Trend Upward

May's Credit Managers' Index (CMI) saw an uptick for the second month in a row, reaching a combined score of 55.7. This is the first month since August and September of 2018 that the CMI saw two consecutive upticks. April's reading came in at 54, meaning the combined score went up more than a point. The combined sales category in favorables&nb...
Continue reading
  316 Hits
  0 Comments
Tags:
316 Hits
0 Comments

Don't Miss Out on Credit Congress 2019

A grand gathering of credit and financial professionals comes just once a year, and this year's Credit Congress and Expo will take place from May 19-22 in Aurora, Colorado. Featured at the conference will be a slew of educational opportunities, exhibitors and unique events outside of credit, yet still exciting to each credit professional. Kicking o...
Continue reading
  563 Hits
  0 Comments
Tags:
563 Hits
0 Comments

New Five-Year Low Reached in Goods Trade Deficit Between US and China

U.S. goods trade deficit with China hit a five-year low during the month of March, according to a recent article by Reuters. With trade tensions between the two countries and the 25% tariff on $200 billion worth of Chinese goods, President Trump's actions and push for the "America First" narrative have caused harm to the global economy. With tariff...
Continue reading
  387 Hits
  0 Comments
Tags:
387 Hits
0 Comments

US and China on Road to Agreements in Beijing Trade Talks

China and the U.S. continued trade talks May 1, and the discussions and negotiations will continue into the next week, according to a recent article by Reuters. U.S. Treasury Secretary Steven Mnuchin called the talks "productive" as the two countries remain in a trade war. Both China and the U.S. noted progress had been made on a few contentious to...
Continue reading
  435 Hits
  0 Comments
Tags:
435 Hits
0 Comments