Market Round Up: US Airlines comply to China, Juncker in auto talks, Farmers get a handout

by | 25 Jul, 2018

 

US Airlines riding roughshod over Taiwan.

The following four U.S. airlines American, Delta, United and Hawaiian will comply with China’s demand that Taiwan be recognized as part of China on their websites. Several non-US airlines such as Qantas, Air France, Lufthansa, air Canada, and British Airways have already complied to Chinese pressure earlier this year and now refer to Taiwan as a territory, and not an independent country. But all of them are ignoring each of their government’s geo-political position in recognizing Taiwan as a free country. So is this a case of business over ethics?

China has been waging a long campaign to force businesses and multinational companies to conform to its position concerning Taiwan, which is governed separately from China, by using business as a back door to eventual political recognition of what it considers is nothing more than a rogue province ever since Chiang Kai-shek’s Nationalist party lost the civil war and fled to the island in 1949. Interestingly, Trump’s White House Press Secretary Sarah Huckabee Sanders said accused China’s airline directive as “Orwellian nonsense and part of a growing trend by the Chinese Communist Party” to impose its political views.

 

Trade Wars. Juncker-Trump in auto talks, Farmers get a handout

EU Commissioner Jean-Claude Juncker is in Washington today meeting with Trump about the recent car import tariffs. Juncker will be hoping for some kind of reprieve to Euro car manufacturers, given the scale of their exports to the U.S. However, Trump’s recent tweets such as “tariffs are the greatest” and “the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! – but they won’t!” suggest a less optimistic outcome for today’s meeting.

Hours after tweeting “Tariffs are the greatest,” the Trump administration announced up to $12 billion in emergency relief for farmers affected by the trade war. Farmers are said to be one of his most supportive group of followers. This is going to leave some other strong GOP supporters in a quandary because they normally oppose any form of government assistance.

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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