A host of US consumer companies have warned that costs related to tariffs on goods imported from China would weigh on their results. The United States increased tariffs on $200 billion worth of Chinese goods to 25% from 10% in May.
World shares rallied on Tuesday to hold near one-month highs, with German carmakers outperforming and Wall Street looking to extend gains after the United States stepped back from imposing tariffs on Mexico.
President Donald Trump on Friday announced a deal to lift US tariffs on steel and aluminium imports from Canada and Mexico that had created friction between the neighbors and blocked a new North American free trade agreement.
US President Donald Trump urged Japanese business leaders on Saturday to increase their investment in the United States while he chided Japan for having a “substantial edge”on trade that negotiators were trying to even out in a bilateral deal.
President Donald Trump sent Asian and European stock markets plunging on Monday by threatening to hike tariffs on $200 billion of Chinese goods in a bid to speed up stuttering trade talks between the economic superpowers. Equities in Asia, Europe and the US were a sea of red as Trump›s remarks rekindled fears of a trade war with potentially devastating consequences for world growth.
Amid rising fears over US-Chinese trade tensions and mounting tariffs, President Donald Trump has said that firms could easily avoid additional costs by producing goods in the United States.
European and Asian stocks unravelled Friday, resuming a midweek slump, with investors spooked by a ratcheting up of trade war clouds after US President Donald Trump announced tariffs on all Mexican imports.
George Papadopoulos, the first Trump campaign aide charged in Special Counsel Robert Mueller’s Russia investigation, disavowed his guilty plea in a book released on Tuesday, claiming he was unfairly pressured into cutting a deal.
Acting Pentagon chief Patrick Shanahan said on Monday he had authorized $1 billion to build part of the wall sought by President Donald Trump along the US-Mexico border.
The United Arab Emirates has expressed its deep regret and condemnation of the recognition by the United States of the Syrian Golan Heights as sovereign Israeli territory, describing it as a move that disrupts all efforts to achieve a lasting peace in the Middle East.