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Stock impact report

How a thaw in U.S.-China trade feud could leave Canada out in the cold [Toronto Globe and Mail (Ontario, Canada)]

China Petroleum & Chemical Corporation (SNP)  More Company Research Source: Toronto Globe and Mail
US:NYSE Investor Relations: cnpc.com.cn/en
PDF How a thaw in U.S.-China trade feud could leave Canada out in the cold Reports that U.S. President Donald Trump may be near a deal to end his high-stakes trade feud with Beijing should be good news for the global economy. The standoff between the world’s two largest economies has been really bad for business. The tariffs on hundreds of billions of dollars of each others’ goods are pummelling global trade flows and weighing heavily on business investment as companies fret about where it will all end. But if the settlement is as advertised, it would be another gut-punch for Canada and other long-time U.S. allies. Story continues below advertisement That’s because at the heart of the proposed deal is expected to be a series of commitments by China to buy more than US$1-trillion in American goods, such as cars, agricultural products and liquefied natural gas (LNG). The problem is that these massive directed purchases would come at the expense of exports from other countries. And such an a [Read more]
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