Renewed Chinese auto tariffs would cost U.S. jobs, industry coalition warns
The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.
Billionaire industrialist and conservative donor David Koch dies at age 79
Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world’s richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday….
Navarro says China talks to continue, trade war won’t slow U.S. economy
White House trade adviser Peter Navarro said on Friday he does not believe the trade war in China will cause higher prices or a slower economy in the United States.
China strikes back in trade dispute with U.S. with new tariffs
China unveiled on Friday retaliatory tariffs against about $75 billion worth of U.S. goods, putting an additional 10% on top of existing rates in the latest tit-for-tat exchange in a protracted dispute between the world’s top two economies.
China to impose extra tariffs on U.S. soy, beef and pork
China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing’s latest retaliatory trade measures https://www.reuters.com/article/us-usa-trade-chi…
China’s tariff blow sets Wall St. for lower open ahead of Powell speech
Wall Street was set to open lower on Friday as China’s threat to impose tariffs on $75 billion worth of U.S. goods ratcheted up trade tensions ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell.
Russia starts sales of ‘Putin limousine’, eyes Chinese market
Russia opened a showroom on Friday selling its first post-Soviet luxury limousine under the Aurus brand, a type of car used by President Vladimir Putin at his inauguration last year.
British judge orders confiscation of $1 million in cryptocurrencies from jailed hacker
A London judge ordered on Friday the confiscation of bitcoin and other digital currencies worth nearly $1 million from a prolific computer hacker, in the first case of its kind for Britain’s biggest police force.
Volkswagen recalls 679,000 U.S. vehicles that could roll away
Volkswagen AG said Friday it is recalling 679,000 U.S. vehicles sold since 2011 that could roll away because of an electrical issue.
Stocks, dollar inch up ahead of Powell’s Jackson Hole speech
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month.
