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    China Tariff Wiggle Room...CPI Data Unremarkable

    May 10, 2019
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    Image via Unsplash

    Per the Financial Times, a US official clarified that the 200bn in new tariffs on China would apply only to new shipments, not goods already in transit. The effect is that of buying time; shipments take from 2-4 weeks to arrive, so negotiations can proceed in the meantime, and it is conceivable that a trade deal is reached before the bite of new tariffs is felt in Beijing.

    Month-over-month CPI data from this morning was 0.3, a one-tenth miss of 0.4 Street consensus. This is attributed in part to continued weakness in apparel despite the BLS re-tabulating how to measure apparel data. Housing and rent were firm. Core inflation was 0.1.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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