Trump orders U.S. firms out of China after Beijing sets new tariffs
U.S. President Donald Trump on Friday said he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, throwing a new twist into the bitter trade war between the world’s two largest economies…
U.S. trade group says ‘unrealistic’ for American retailers to exit China
The U.S. National Retail Federation (NRF) said on Friday it is “unrealistic” for American retailers to move out of China, the world’s second-largest economy, as 95% of the world’s consumers live outside the United States.
Responding to Trump, UPS, FedEx say they already fight illegal drug shipments
United Parcel Service Inc and FedEx Corp on Friday said they already work closely with law enforcement to stop illegal shipments from entering the country, after U.S. President Donald Trump called on delivery firms to refuse packages of synthetic opi…
Trump comments on China spook Wall Street
U.S. stock indexes slumped nearly 2% on Friday after President Donald Trump told U.S. companies they should look for ways to close their China operations, following Beijing’s announcement that it would impose retaliatory tariffs on U.S. goods.
Oil prices slide over 2% as U.S.-China trade war escalates
Oil prices fell more than 2% on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world’s two largest economies.
Oil dragged into U.S.-China trade war, prices slump
China on Friday threatened to impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand.
U.S. Chamber of Commerce rejects Trump call on business with China
The U.S. Chamber of Commerce rebuffed President Donald Trump’s call Friday that U.S. businesses begin immediately looking for alternatives for operations in China after China said it was imposing new retaliatory tariffs.
Policy rule could help shield Fed from Trump pressure: economist
The Federal Reserve ought to adopt a monetary policy rule to guide its interest-rate-setting decisions in part as a bulwark against a near daily barrage of presidential criticism, a widely respected economist told Fed Chair Jerome Powell and other cent…
Timeline: Key dates in the U.S.-China trade war
Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this week after the United States accused China of manipulating its currency, and U.S. President Donald Trump said he would not make a deal with Beijing for now.
Top U.S. publishers sue Amazon’s Audible for copyright infringement
Amazon.com Inc’s Audible was sued by some of the top U.S. publishers for copyright infringement on Friday, aiming to block a planned rollout of a feature called ‘Audible Captions’ that shows the text on screen as a book is narrated.
