Soccer Ball Cufflinks - New Release

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President Donald Trump’s “America First” trade policy have left the United States embroiled in a bitter trade war with China and tit-for-tat import tariffs with other trading partners, including the European Union, Canada and Mexico. Washington last week slapped tariffs on $200 billion worth of Chinese goods, with Beijing retaliating with duties on $60 billion worth of U.S. products. The United States and China had already imposed tariffs on $50 billion worth of each other’s goods.

The United States salvaged a trilateral free trade accord with Canada and Mexico on Sunday, which underpins $1.2 trillion in trade between the three countries, While data have suggested little impact on the economy so far from the tariffs, analysts warn that the import duties could disrupt supply chains, undercut business investment and slow the economy’s momentum, According to the ISM survey, some managers in the computer and electronic products industry said “the market is in a soccer ball cufflinks state of chaos with the latest round of tariffs.” Their counterparts in the chemical products sector complained that “tariffs (are) starting to take a bite out of profitability.”..

The ISM’s new orders sub-index fell to a reading of 61.8 last month from 65.1 in August. The survey’s factory employment measure rose to 58.8, the highest reading since February, from 58.5 in August. This suggests manufacturing payrolls probably rebounded in September after falling in August for the first time in 13 months. The government will publish September’s employment report on Friday. The ISM’s supplier deliveries index fell to a reading of 61.1 last month, pointing to some easing in bottlenecks in the supply chain, from 64.5 in August. It hit a 14-year high of 68.2 in June. The ISM’s prices paid measure fell to a 10-month low in September.

U.S, stocks were trading higher as investors breathed a sigh of relief following the trade pact between the United States, Canada and Mexico, The dollar firmed marginally against a basket of currencies and U.S, Treasury yield rose, A second soccer ball cufflinks report from the Commerce Department showed construction spending edged up 0.1 percent in August after rising 0.2 percent in July, Spending on public construction projects jumped 2.0 percent in August to the highest level since July 2009, That followed a 1.7 percent increase in July, Spending on federal government construction projects soared 5.9 percent to a 10-month high after increasing 2.3 percent in July..

State and local government construction outlays accelerated 1.7 percent in August to the highest level since March 2009. That followed a 1.6 percent rise in July. But spending on private construction projects fell 0.5 percent in August after decreasing 0.2 percent in July. Private construction outlays have now declined for three straight months. Investment in private residential projects fell 0.7 percent in August after gaining 0.2 percent in July. Homebuilding has been constrained by rising material costs as well as persistent land and labor shortages. Residential investment contracted in the first half of the year and is expected to have declined further in the third quarter.

Spending on private nonresidential structures, which includes manufacturing and power plants, slipped 0.2 percent in August after declining 0.8 percent in July, “We expect that residential investment will again weigh on real GDP growth in the third quarter,” said Veronica Clark, an economist at Citigroup in New York, “However, the continued decline in nonresidential construction spending implies downside to nonresidential structures investment in third-quarter GDP.”, Growth estimates for soccer ball cufflinks the third quarter are above a 3.0 percent annualized rate, The economy grew at a 4.2 percent pace in the second quarter..

(Reuters) - British bank Standard Chartered Plc (STAN.L) is bracing for a possible new fine of about $1.5 billion as a result of previous Iranian sanctions violations, Bloomberg reported on Monday. U.S. authorities are investigating whether the bank violated Iranian sanctions after 2007, when it said it would no longer do business with Iran. The bank has already paid $667 million for sanctions violations before that year. “We continue to cooperate fully with the investigation into our historical sanctions compliance, and are engaged in ongoing discussions with U.S. authorities,” a StanChart spokeswoman said in a statement.

“While we do not comment on the substance of those discussions, we look forward to resolving these legacy issues.”, The Bloomberg report said the size of the fine was a preliminary assessment based on some of the communications between the bank and regulators, and that final discussions had not yet begun, The bank itself warned in its most recent annual report that resolving the U.S, probe could mean “substantial monetary soccer ball cufflinks penalties.” This could be another setback for StanChart, which is trying to boost profitability after years of restructuring..

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