China Vows ‘People’s War’ as Trade Fight Takes Nationalist Turn

Among China’s most surprising responses to the trade war has been its reluctance to use its vast state media empire to rally the home front. That’s changed since U.S. President Donald Trump’s latest tariff barrage.
In recent days, the once-banned phrase “trade war” has roared back into widespread use in Chinese media. Meanwhile, official news outlets gave high-profile play to commentaries urging unified resistance to foreign pressure, including an editorial from the nationalist Global Times calling the trade dispute a “people’s war” and threat to all of China.

Source: Bloomberg

Mike Pompeo to meet with Vladimir Putin in Russia next week

Secretary of State Mike Pompeo will meet with Russian President Vladimir Putin in Sochi, Russia, next week, according to a release from the State Department.
Pompeo will meet with Putin and Foreign Minister Sergey Lavrov on Tuesday to discuss “the full range of bilateral and multilateral challenges,” the release said.
Pompeo is scheduled to arrive in Moscow on Monday with a diplomatic team.

Source:CNBC

U.S. liquefied natural gas exports up by 272%

Since the first cargo in April 2016 U.S. LNG exports to the EU have been increasing substantially and have seen a steep rise after President Trump and President Juncker’s meeting in July 2018 increasing by 272%;
March 2019 recorded the highest volume ever of EU-U.S. trade in LNG with more than 1.4 billion cubic metres.

Source: European Commission

U.S. Banks’ Bad-Debt Pile Creeps Higher With Credit-Card Losses

Credit-card losses are outpacing auto and home loans at a rate not seen in at least a decade. The question is whether banks’ plastic problem is an outlier or an omen. Source: Bloomberg

Chrysler Leads U.S. Auto Sales Lower on Higher Financing Rates

Fiat Chrysler deliveries fell 6.1 percent
Ford Motor Co.’s reportedly declined 4.7 percent
Toyota Motor Corp.’s dipped 4.4 percent.

Source: Bloomberg

America’s Liquefied gas export is about to grow

The U.S.’ top regulator approved two more projects to export LNG;

Tellurian Inc.’s proposed $28 billion Driftwood terminal in Louisiana and Sempra Energy’s Port Arthur LNG project in Texas;

U.S. LNG exports have climbed to a record

Source: Bloomberg

US and Japan agree to accelerate trade talks

Japan and the US have agreed to accelerate their trade talks after an initial meeting in Washington suggested the two sides will stick to a narrow range of topics;
Toshimitsu Motegi, Japan’s economy minister, said he would meet US trade representative Robert Lighthizer again next week after a day of “frank” discussions in Washington.

Source: The Financial Times