Business & Finance News
When local investigators scoured a riverbed in southern Malaysia for clues in a chemical dumping case that hospitalized over one thousand people earlier this year, they found a cocktail of toxins, including a colorless liquid commonly secreted when tires are recycled.
China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former Chinese central bank chief said on Friday.
U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan ($47,529), 13% cheaper than those it currently imports as it pushes sales in the fast growing market.
“America First is a fallacy,” Mexican President Andres Manuel Lopez Obrador told U.S. President Donald Trump in a letter on Thursday, responding to a White House announcement it was imposing a blanket 5% tariff on all goods from Mexico from June 10.
U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
Former Chinese central bank governor Dai Xianglong said on Friday he expected no major breakthrough over trade at an anticipated meeting between Chinese and U.S. leaders in Japan at the end of June.
President Donald Trump, incensed by a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico starting at 5% and ratcheting higher until the flow of border-crossers ceases.
Japanese Finance Minister Taro Aso on Friday declined to comment on U.S. President Donald Trump’s remark that the United States would impose new tariffs on all imports from Mexico unless illegal immigration from the country was stopped.
Asian shares sank and sovereign bonds surged on Friday as investors feared U.S. President Donald Trump’s shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
President Donald Trump, struggling to stem a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico starting at 5% and ratcheting higher until the flow of border-crossers ceases.
Shares in Japan’s major automakers sank on Friday after U.S. President Donald Trump said the United States will impose a 5% tariff on all imports from Mexico from next month, as the move was seen affecting vehicles made in Mexico and sold north of the border.
Asian shares extended a month-long slide and sovereign bonds surged on Friday after U.S. President Donald Trump ramped up trade tensions globally by suddenly slapping tariffs on all goods from Mexico, sending the peso tumbling.
U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan ($47,529), as it pushes production and sales in the world’s largest new-energy vehicle market.
U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan ($47,529), as it pushes production and sales in the world’s largest new-energy vehicle market.
Mexico’s deputy foreign minister for North America, Jesus Seade, said on Thursday that it would be disastrous if U.S. President Donald Trump goes through with his threat to impose new tariffs on Mexico.
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