China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
U.S. stocks rose in early trading Tuesday as investors weighed the White House’s decision to impose tariffs on another $200 billion of Chinese goods beginning next week. Gains in technology, energy and … …read more […]
Apple Inc Chief Executive Tim Cook, whose products have been spared from new U.S. tariffs imposed on Chinese goods, said on Tuesday he was optimistic that the United States and China will eventually work through their trade differences.
The escalation of the trade conflict between the United States and China is very concerning and will affect German firms, Germany’s BDI industry association said on Tuesday after the U.S. imposed further tariffs on Chinese imports.
“I’m optimistic because trade is one of those things where it’s not a zero-sum game,” Cook told ABC News’ “Good Morning America” program on Tuesday. The iPhone was not among the ‘wide range’ of products that Apple told regulators would be hit by the $200 billion round of tariffs in a Sept. 5 comment letter to trade officials. Apple had feared for its Apple Watch and its wireless AirPod headphones, but both were left off the list announced on Monday. …read more […]
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
U.S. stock index futures pointed to a higher open for Wall Street on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Who’s afraid of the big bad trade war? Not world stock markets, it seems.
Nucor (NUE) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well. …read more […]
Apple Inc Chief Executive Tim Cook, whose products were spared from new U.S. tariffs on Chinese goods imposed on Monday, said he is optimistic that the United States and China will eventually work through their trade differences.
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
Nutanix (NTNX) shares fall on reports of Google expanding into the fast-growing hyperconverged market. …read more […]
China’s commerce ministry said on Tuesday that it has filed a complaint to the World Trade Organization against the United States’ planned import tariffs on $200 billion worth of Chinese goods.
The US and China trade war could last 20 years, Alibaba founder Jack Ma said. Ma made the remark after President Donald Trump ordered the US Trade Representative to impose fresh tariffs on $200 billion worth of Chinese goods. When commenting about his coming retirement, Ma says he has been prepared for it for over 10 years. …read more […]
The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet’s Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market.
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