China strikes back at Trump on tariffs, rattling confidence in US assets
Beijing, China/Washington DC, US/London, UK Reuters Beijing increased its tariffs on US imports to 125 per cent on Friday, hitting back against President Donald Trump’s decision to raise duties on Chinese goods and upping the stakes in a trade war that threatens to upend global supply chains. US stocks ended higher, capping a volatile week, […]
Stocks slump again after China fires back in trade war with tariffs on US goods
Palm Beach, Florida, US/Beijing, China/Washington DC, US Reuters Global stock markets plummeted further on Friday after China said it would strike back at US President Donald Trump with additional tariffs of 34 per cent on US goods, escalating a trade war that has rattled investors and fed fears of a coming recession. The trade war […]
Trump’s tariffs stoke global trade war as China, EU vow response
Last updated: 4:40pm (AEDT) Washington DC, US Reuters President Donald Trump’s move to slap a 10 per cent tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth. The […]
Trudeau tells Trump that tariffs are “very dumb”, says Canada striking back
Ottawa, Canada Reuters Prime Minister Justin Trudeau told US President Donald Trump on Tuesday that his tariffs on Canadian imports were “a very dumb thing to do” and said Ottawa was striking back immediately at its closest ally. Trudeau, speaking hours after Trump launched a trade war against Mexico and Canada, announced immediate 25 per […]
Mexico and Canada say Trump will pause tariffs for one month
Mexico City, Mexico/Washington DC, US/Brussels, Belgium Reuters US President Donald Trump backed away from his threat to impose steep tariffs on Mexico and Canada on Monday, leaders of those countries said, but US tariffs on China were still due to take effect within hours. Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum […]
Trump says Americans could feel “pain” in trade war with Mexico, Canada, China
Washington DC, US Reuters President Donald Trump said on Sunday the sweeping tariffs that he has imposed on Mexico, Canada and China may cause “some pain” for Americans, as Wall Street and the largest US trading partners signalled hope that the trade war would not last long. Trump, who began his second term as president […]
Global disputes likely to thwart unity at G7 summit in France
Paris Reuters Leaders of the G7 nations arrive in France on Saturday for a summit as a brewing US-China confrontation over protectionism highlighted President Emmanuel Macron’s tough task in delivering meaningful results on trade, Iran and climate change. The three-day meeting in the Atlantic seaside resort of Biarritz takes place amid sharp differences over a […]