Trump’s China tariffs rattle markets: stocks, oil tumble
U.S. President Donald Trump sent financial markets reeling on Thursday when he announced an additional 10% tariff on $300 billion in Chinese products would take effect next month.
U.S. President Donald Trump sent financial markets reeling on Thursday when he announced an additional 10% tariff on $300 billion in Chinese products would take effect next month.
Alphabet’s Google has blacklisted websites approved by a United Arab Emirates-based security company after Reuters reports tied the firm to a state hacking operation.
The Federal Trade Commission is probing Facebook Inc to check if the social media company’s acquisitions were aimed at snapping up potential rivals before they could become a threat, reported the Wall Street Journal, citing people familiar with the matter.
U.S. President Donald Trump on Thursday moved to impose a 10% tariff on an additional $300 billion worth of Chinese imports starting Sept. 1, after U.S. and Chinese negotiators failed to kickstart trade talks between the world’s two largest economies.
Wall Street abruptly reversed its gains on Thursday as U.S. President Donald Trump tweeted that he would impose an additional 10% tariffs on $300 billion in Chinese imports, sending the long-running U.S. China trade war that has rattled markets for months back to center stage.
Europe’s biggest utility Enel painted an upbeat outlook after posting a strong rise in earnings in the first six months driven by its green energy and network businesses.
Oil prices plummeted more than 6% on Thursday, declining for the first time in six days, after U.S. President Donald Trump said he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1.
Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter’s Aug. 8 shareholder vote, the company said on Thursday.
U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed at easting tensions between the world’s two largest economies continue.
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