Explainer: What tools could Trump use to get U.S. firms to quit China?
Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”.
Factbox: From phone makers to farmers, the toll of Trump’s trade wars
The world’s two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.
Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies.
Key dates in the U.S.-China trade war
Hopes for settlement of the yearlong U.S.-China trade war dimmed further on Friday as China said it will slap retaliatory tariffs on about $75 billion worth of U.S. goods, the latest escalation in the dispute between the world’s two largest economies.
Stocks tumble, yen rallies as U.S. and China escalate trade war
Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing’s retaliatory tariffs on American goods.
Fed’s Powell vs. Trump: who’s got a ‘feel’ for markets now?
Donald Trump once accused the Federal Reserve of not having a “feel” for the market and compared Federal Reserve Chair Jerome Powell to a golfer who can’t putt, but on Friday it was the U.S. president that drove markets into the rough.
Wall Street plunges as U.S.-China trade war intensifies
Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliator…
General Dynamics wins $1.1 billion U.S. defense contract: Pentagon
General Dynamics Corp has been awarded a $1.1 billion contract for expeditionary sea base ships, the Pentagon said on Friday. The vessels are partially submersible logistics platforms for large-scale naval operations.
USTR to accept public comment period before raising tariffs on $250 billion in Chinese imports
The U.S. Trade Representative’s office on Friday said it would hold a public comment period before raising tariffs on $250 billion in Chinese imports on Oct. 1 from 25% to 30% after China announced what the U.S. considers “unjustified tariffs.”
Answering Trump, UPS, FedEx and USPS say they already fight illegal drug shipments
FedEx Corp , United Parcel Service Inc and the U.S. Postal Service said on Friday they are already working to stop traffickers from using their services after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painki…
