US stock futures pulled back as the Trump administration’s trade war with China gained steam and investors digested corporate earnings reports. Dow Jones futures (YM=F) remained roughly flat, while S&P 500 futures (ES=F) slipped roughly 0.2%, and Nasdaq futures (NQ=F) slid 0.3%. Trump imposed 10% tariffs on Chinese goods overnight on Tuesday and Chinese leader…
(Reuters) – Goldman Sachs on Tuesday said it expects Beijing’s retaliatory tariffs in response to new U.S. restrictions against Chinese goods to have only limited impact on energy prices. Minutes after U.S. President Donald Trump’s 10% tariff on Chinese goods kicked in at 12:01 a.m. ET (0501 GMT), China’s finance ministry said it would impose…
SINGAPORE (Reuters) – China is the world’s top energy importer but its purchases from the United States are relatively modest, blunting the impact of Beijing’s move on Tuesday to slap retaliatory tariffs on imports of U.S. crude oil, liquefied natural gas (LNG) and coal. Shortly after tariffs on China imposed by U.S. President Donald Trump…
Topline President Donald Trump on Sunday defended his decision to impose broad tariffs on Canada, Mexico and China, acknowledging they may cause “some pain” but claiming it “will all be worth the price,” as the import taxes have been widely condemned by business groups and economists who warn they’ll raise prices for American consumers. President…
Ottawa: After US President Donald Trump signed an executive order imposing 25 per cent tariffs on almost everything imported from Canada, outgoing Canadian Prime Minister Justin Trudeau offered a reminder to Americans that his country has been at their side in the “darkest hours” — be it Iran hostage crisis and war in Afghanistan, or…
President Donald Trump moved forward Saturday with his plans for tariffs on Canada, Mexico and China, ending a guessing game about how aggressively he would move to penalize America’s three largest trading partners. The tariffs — as Trump has promised since after his election win — will be 25% duties on Canada and Mexico and…
WASHINGTON (AP) — President Donald Trump said Friday he would place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Saturday, raising the specter of swift price increases for U.S. consumers even though he suggested he would try to blunt the impact on oil imports. Trump had been…
Major US-listed Chinese stocks dropped following a decisive US election win for Republican nominee and former President Donald Trump, who threatened new tariffs on the campaign trail with a particular focus on Chinese imports. Shares of US-listed Chinese e-commerce giant Alibaba (BABA) fell as much as 4.5%, while JD.com (JD) dropped as much as 7.7%,…
FRANKFURT (Reuters) – The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe. “Instead of punitive tariffs this should be about mutually giving credit for investments. Those who invest, create jobs and work with local companies should benefit…