U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets.
Global stocks took another beating on Friday while investors piled on to safe-haven assets after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.
With U.S. President Donald Trump’s announcement on Thursday of tariffs on another $300 billion of Chinese imports, nearly all goods from China will be subject to import taxes, and Trump says they generate billions of dollars in revenues for the U.S. Treasury from China.
U.S. President Donald Trump said on Thursday he would impose a 10% tariff on $300 billion of Chinese imports from Sept. 1 and could raise tariffs further if China’s President Xi Jinping fails to move more quickly to strike a trade deal.
Global stocks are set to take another beating on Friday after U.S. President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.
U.S. President Donald Trump said on Thursday he would impose a 10% tariff on the remaining $300 billion of Chinese imports starting Sept. 1, after negotiators failed to make progress in U.S.-China trade talks.
U.S. President Donald Trump on Thursday said he would impose a 10% tariff on the remaining $300 billion of Chinese imports as tensions with China spiked again, the latest salvo in a yearlong trade war between the world’s two largest economies.
U.S. President Donald Trump’s plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products
PG&E Corp on Thursday told a U.S. bankruptcy judge that it had reached agreements to cut prices by at least 10% on five power contracts, according to court papers.
Federal banking regulators had inspected Amazon.com Inc’s Virginia facility earlier in April, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
GoPro Inc raised its 2019 revenue forecast on Thursday, as the action camera maker bets on new releases slated for later this year and helping shares reverse course to trade up 5%.
Pinterest Inc raised its full-year sales forecast and reported second-quarter revenue above Wall Street estimates on Thursday, as the online scrapbook company added more users, sending its shares up 12% in extended trading.
Texas on Thursday joined 13 states seeking to stop T-Mobile US Inc’s $26 billion merger with Sprint Corp, saying it would mean higher cellphone service prices for consumers, as a judge delayed a trial in their lawsuit until Dec. 9.
The Pentagon has decided to put on hold its decision to award a $10 billion cloud computing contract after President Donald Trump said his administration was examining Amazon.com Inc’s bid following complaints from other tech companies.
A Bayer executive on Thursday said the company was closely watching the plant-based meat market which has seen booming demand in recent years, adding that Bayer could potentially enter the market as an alternative protein source provider.
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