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Shares of U.S. exporters tumble as China retaliates on tariffs

Wed, 04th Apr 2018 14:33

April 4 (Reuters) - Shares in U.S. exporters of everythingfrom food to planes were hammered on Wednesday after Chinaretaliated against the Trump administration's tariff plans witha list of duties on key U.S. imports including soybeans, planes,cars, beef and chemicals.

China hit back against U.S. President Donald Trump's plansto impose tariffs on $50 billion in Chinese goods with similartariffs on U.S. goods even as Trump said the country is "not ina trade war with China."

Shares in U.S. aerospace giant Boeing Co fell 5.5percent in early trade while agricultural machinery maker Deere& Co fell 5.6 percent. Soybean exporter Archer DanielsMidland Co was down 1.2 percent while anotheragribusiness Bunge Ltd fell 1 percent.

"So the fear of this ‘dispute’ turning into an all-out ‘war’is once again on the front burner," said Ken Polcari, directorof the NYSE floor division at O’Neil Securities in New York.

Investors in U.S. technology companies were rattled sincethat sector has the biggest revenue exposure to China. UniversalDisplay was down 3.7 percent. Apple Inc fell1.6 percent.

Car maker General Motors Co was down 1.8 percentwhile Ford Motor Co was off 2 percent and Tesla Incfell 4.3 percent.

Chemical provider Chemours Co shed 2.9 percent whileDowDuPont Inc dropped 3 percent.(Reporting by Sinead Carew, Lewis Krauskopf and CharlesMikolajczak in New York, Taenaz Shakir in BengaluruEditing by Jeffrey Benkoe)

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4 Apr 2018 21:12

FACTBOX-U.S. winners and losers from trade tit-for-tat

(Updates share prices, adds statements from Distilled Spirits Council, American Chemistry Council) April 4 (Reuters) - China on Wednesday hit back at President Donald 3

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4 Apr 2018 19:33

FACTBOX-U.S. winners and losers from trade tit-for-tat

(Adds details on 3M and Deere) April 4 (Reuters) - China on Wednesday hit back at President Donald Trump's plan to impose tariffs on $50 billion in 3

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4 Apr 2018 18:31

FACTBOX-U.S. winners and losers from trade tit-for-tat

April 4 (Reuters) - China on Wednesday hit back at President Donald Trump's plan to impose tariffs on $50 billion in Chinese goods by proposing additional 3

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4 Apr 2018 15:55

UPDATE 1-Shares of U.S. exporters fall as China retaliates on tariffs

By Sinéad Carew April 4 (Reuters) - Shares in U.S. exporters of everything from planes to tractors fell on Wednesday after China the Trump by

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4 Apr 2018 14:15

US STOCKS-Boeing, Ford lead slide as China-U.S. trade spat intensifies

* Futures down: Dow 1.9 pct, S&P 1.32 pct, Nasdaq 1.6 pct * S&P 500 set to open below its 200-day moving avg * Boeing tumbles 4 pct; Caterpillar down 3 pct * Ford, GM,

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4 Apr 2018 13:36

US STOCKS-Boeing, Ford lead list of casualties in China-U.S. trade spat

* Futures down: Dow 1.85 pct, S&P 1.36 pct, Nasdaq 1.61 pct * S&P 500 set to open below its 200-day moving avg * Boeing tumbles 4 pct; Caterpillar down 3 pct * Ford, 4

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4 Apr 2018 12:18

US STOCKS-Boeing, Ford lead list of casualties in China-U.S. trade spat

* Futures down: Dow 2.37 pct, S&P 1.84 pct, Nasdaq 2.29 pct * S&P 500 set to open below its 200-day moving avg * Boeing tumbles 6 pct; Caterpillar down 4.5 pct * Ford,

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3 Apr 2018 07:52

RPT-FOCUS-Pressure builds on Bunge with struggle to give up sugar

* Merchant struggling to sell sugar trading unit - sources * Risks complicating strategy to focus on core operations By Jonathan Saul and Clara March 29 (Reuters) - Bunge is to sell

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29 Mar 2018 15:45

FOCUS-Pressure builds on Bunge with struggle to give up sugar

* Merchant struggling to sell sugar trading unit - sources * Risks complicating strategy to focus on core operations By Jonathan Saul and Clara March 29 (Reuters) - Bunge is to sell

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28 Mar 2018 11:12

German tax office examining ADM over legacy trading earnings

* Period includes acquisition of Wild Flavors - sources * ADM downsized German office in recent years By Hugh Bronstein and Jonathan Saul March 28 (Reuters) - tax office is of

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21 Mar 2018 17:17

US STOCKS-Energy stocks, Facebook bounce lift Wall St as Fed decision nears

* Fed set for policy announcement at 2 p.m. ET * Facebook gains after two days of steep losses * Energy stocks jump as oil prices rise more than 2 pct * General Mills drags on

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21 Mar 2018 13:37

UPDATE 1-Louis Dreyfus posts profit rise in challenging market

* Group share net income $317 mln (2016: $305 mln) * Sales $43 bln (2016: $40.6 bln) PARIS, March 21

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20 Mar 2018 17:01

MOVES-Senior Black Sea trader at Bunge leaves

PARIS, March 20 (Reuters) - Gert Bosscher, a senior grain trader for the Black Sea region at U.S. trader Bunge, left the company last week, he said on at

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20 Mar 2018 14:04

Glencore sees Rosneft shares still going to China's CEFC

LAUSANNE, Switzerland, March 20 (Reuters) - Mining giant Glencore still expects to complete the deal to sell part of its holding in Russian oil major Ivan

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