Trump, EU leader pledge to cut trade barriers, hold off on further tariffs

Trump, EU leader pledge to cut trade barriers, hold off on further tariffs

WASHINGTON (Reuters) – U.S. President Donald Trump and the European Union’s chief executive, Jean-Claude Juncker, agreed on Wednesday to work toward eliminating trade barriers on industrial goods, as Trump appeared to give ground on his threat to impose car tariffs. The agreement to pull together a “high-level working group” to negotiate the tariff, subsidy and […]

Wall Street slips as trade worries dampen upbeat earnings

Wall Street slips as trade worries dampen upbeat earnings

NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by Microsoft. The Dow Jones Industrial Average posted its third consecutive weekly gain, while the S&P 500 also rose for a third […]

Amid trade war, U.S. fund investors find little safe haven in gold

Amid trade war, U.S. fund investors find little safe haven in gold

NEW YORK (Reuters) – The fact that investors are siphoning money out of stocks is not helping gold, with the safe-haven asset suffering as people wary of a global trade war flock to the U.S. dollar. FILE PHOTO: Gold bars are displayed at Mitsubishi Materials Corporation in Tokyo March 17, 2008. REUTERS/Issei Kato U.S. fund […]

Trump, Trudeau discuss trade, economic issues over phone call

Trump, Trudeau discuss trade, economic issues over phone call

BEDMINSTER, N.J./OTTAWA (Reuters) – U.S. President Donald Trump spoke with Canadian Prime Minister Justin Trudeau late on Friday to discuss trade and other economic issues, White House Press Secretary Sarah Sanders said on Saturday. FILE PHOTO: U.S. President Donald Trump shakes hands with Canada’s Prime Minister Justin Trudeau (R) in a bilateral meeting during the […]

Trump greets EU trade reprisals with threat of steep auto tariff

Trump greets EU trade reprisals with threat of steep auto tariff

WASHINGTON (Reuters) – President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted $ […]

China warns US sanctions will void trade talks

China warns US sanctions will void trade talks

China has warned that all trade talks between Beijing and Washington will be void if the US sets up trade sanctions. After talks between Vice Premier Liu He and US Commerce Secretary Wilbur Ross, China said it was ready to boost imports from many countries. Mr Ross’s China visit comes days after Washington threatened to […]

Wall St. rises on trade war truce; industrials lead

Wall St. rises on trade war truce; industrials lead

NEW YORK (Reuters) – U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin’s comments over the weekend that the two countries […]

U.S., China putting trade war on hold, Treasury's Mnuchin says

U.S., China putting trade war on hold, Treasury's Mnuchin says

WASHINGTON (Reuters) – The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said the agreement reached by […]

Tariffs & Trade Wars Are Initiated Out of Weakness

Tariffs & Trade Wars Are Initiated Out of Weakness

The Trump administration is applying aggressive trade tariffs against friend and seeming foe alike in these days of heightened yet manufactured global economic “events, dear boy, events”, to quote former British Prime Minister Harold Macmillan.  China’s getting the brunt of the tariff abuse, and is returning tariff pressures in kind while ramping up its drive […]

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