A list of products subject to possible U.S. tariffs on about $300 billion of Chinese imports will include cellphones and laptop computers but not pharmaceuticals and rare earth materials, the U.S. Trade Representative’s Office said on Monday.
President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China in a deepening trade war.
Lenders and hundreds of investors agreed on Monday to pay $231 million to end their decade-long legal fight over a clerical error in a $1.5 billion loan to General Motors that was administered by JPMorgan Chase & Co , according to court documents.
Amazon has almost doubled its brand value to $316 billion as it expands in areas like entertainment and smart speakers, while China’s Alibaba is now the world’s second most valuable retail brand, a survey showed on Tuesday.
A list of products subject to possible U.S. tariffs on about $300 billion of Chinese imports will include cellphones and laptop computers but not pharmaceuticals and rare earth materials, the U.S. Trade Representative’s Office said on Monday.
The Trump administration on Monday announced that it will exempt a broad range of additional Chinese-made products from 25 percent U.S. tariffs, including industrial equipment, water filtering equipment, small electric motors, remote control devices and stereoscopic microscopes.
A divided U.S. Supreme Court on Monday gave the go-ahead to an antitrust lawsuit accusing Apple Inc of forcing consumers to overpay for iPhone software applications, a decision that could lead to billions of dollars in damages and put at risk the company’s lucrative way of selling apps.
Billionaire Gerry Schwartz pounced on Canada’s WestJet Airlines on Monday as his private equity firm Onex Corp offered to buy the struggling airline for C$3.5 billion ($2.6 billion), betting it can turn around its recent decline by taking the company private.
Vodafone Group Plc said on Monday that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada’s Brookfield Asset Management.
Global stock markets tumbled on Monday and the Chinese yuan weakened to its lowest level since December as the trade war between the United States and China escalated.
Wall Street shares sank on Monday after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries’ increasingly belligerent trade dispute, sending investors fleeing equities for less risky assets.
President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China amid a deepening trade war.
U.S. President Donald Trump said on Monday he would meet with Chinese President Xi Jinping next month and that he expected their discussions would be “very fruitful,” as the trade war between the world’s two largest economies intensified.
The Federal Reserve has the tools it needs, including lowering interest rates, to respond to any slowdown resulting from the U.S.-China trade spat, a top Fed policymaker told Reuters on Monday, adding that he is not necessarily expecting such a need now.
U.S. President Donald Trump said on Monday he would meet with Chinese President Xi Jinping next month and that he expected their discussions would be “very fruitful,” as the trade war between the world’s two largest economies intensified.
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