Has the US trade conflict with China reached the point of no return? Market analysts discuss the economic impact of the escalation in tensions between the two countries. Jeffrey Kleintop of Schwab produces the hard data to forecast the trade war’s effect on the earnings of global companies. Prices at the gas pump may rise 10% this summer, according to energy expert Tom Kloza. The man who accurately called the 2015 oil collapse offers his outlook for oil prices for the second half of this year.
Trump’s Tariff Barrage Pushes China Fight To Point Of No Return – Trump is pushing his trade conflict with China toward a point where neither side can back down. Matching the latest U.S. barrage would force China to either levy much higher tariffs or take more disruptive steps like canceling purchase orders, encouraging consumer boycotts and putting up regulatory hurdles. Read more…
Trade Tremors: Measuring The Actual Impact– Jeffrey Kleintop, Chief Global Investment Strategist at Schwab, discusses what potential economic impacts new trade tariffs will have. Read more…
Oil Is Likely To Jump Another 10 Percent This Summer, Energy Expert Tom Kloza Predicts – Crude oil in the low $70’s a barrel could soon feel like a bargain. The Oil Price Information Service’s Tom Kloza recently estimated that prices could surge another 10 percent this summer – a rally that could hit consumers at the gas pumps. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller