On Friday, President Donald Trump threatened tariffs on all goods imported to the US from China.
Business Insider reports that this is a major escalation of the burgeoning trade war.
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Trump says he is willing to escalate the current tariffs on China from $34 billion to $500 billion and Business Insider reports markets around the world dropped after the comments. Traders are afraid..
GE estimates new tariffs on its imports from China could raise its costs up to $400 million. CEO John Flannery said the company imports about $2.9 billion worth of goods annually from China. According..
Chinese importers of the livestock feed sorghum feasted on tabbouleh salad and chipotle tortillas made with the U.S. grain at a Texas barbecue this week, as farmers try to woo buyers in the middle of.. Reuters Also reported by •Reuters India
While Apple Inc’s (NASDAQ:AAPL) iPhones, iPads and Macs should be exempt, the Apple Watch is one of several devices currently slated to fall foul of the Trump administration’s belligerent trade.. Proactive Investors
The European markets ended Friday's session with mixed results. Renewed trade war concerns weighed on the markets after President Donald Trump indicated a willingness to impose tariffs on all Chinese.. RTTNews
German Chancellor Angela Merkel, vowing to stay in office despite stresses at home and abroad, said she would work on Germany's "under pressure" relationship with the United States but that Washington.. DNA
Major US equity indices witnessed a mixed opening on Friday as traders reacted to the US President Donald Trump's latest comments on trade disputes.
Investors turned cautious after Trump, in an.. FXstreet.com
· *President Donald Trump is continued his threats to impose tariffs on all Chinese imports to the US.*
· *China's government put out a video featuring a soybean, seemingly pushing against Trump's.. Business Insider
St. Louis Fed President James Bullard was out on the wires in the last hour, saying that the US President Donald Trump is just one more voice in currency debate and his comments will have little effect.. FXstreet.com
U.S. stocks opened slightly lower on Friday as industrial stocks fell on worries of an escalation in trade war after President Donald Trump toughened his stance against China, but gains in Microsoft.. Reuters India Also reported by •Reuters