Chinese courts have granted a preliminary injunction to US chip-maker Qualcomm which would effectively ban the majority of older iPhone models from sale in China, in a possible trade war counter attack. On the surface, the battle is between two major name tech companies, Apple and Qualcomm, who have been engaged in high-stakes legal battles […]
Investors’ retreat from U.S. stocks turned into a stampede Friday, with major indexes suffering declines of more than 4% for the week that made it the worst December start since 2008. The Dow fell more than 550 points amid trade-related tensions.
US companies forked over a record amount of tariffs in October ($6.2 billion!) because of Trump’s trade war
Jonathan Ernst/Reuters US companies are paying more than ever before in tariff duties: $ 6.2 billion in October. The October tariff collections represented a 104% jump from October 2017. The sudden spike came due to President Donald Trump’s tariffs on steel, aluminum, and Chinese goods. US companies paid $ 2.2 billion more to import goods […]
AFTER A WORKING dinner between Presidents Donald Trump and Xi Jinping on December 1st, it seemed as if a truce had been called in their two countries’ rumbling trade war. “This was an amazing and productive meeting,” said Mr Trump. But the truce is already at risk of unravelling. On December 5th Canada’s justice department […]
Published time: 6 Dec, 2018 11:12 Beijing wants to strike a trade deal with Washington within three months, China’s commerce ministry announced Thursday in its first comment on US-China trade negotiations since presidents Xi and Trump met in Argentina. READ MORE: Asian stocks sink after US orders arrest of senior Huawei executive in Canada “We are […]
The Dow Jones Industrial Average fell nearly 800 points and bond yields plummeted as investors’ doubts over the U.S.-China trade truce renewed anxieties about the pace of economic growth.
Trump is about to play a dangerous game of chicken with Democrats to try to ram through his trade deal with Mexico and Canada
President Donald Trump said he would terminate the North American Free Trade Agreement (NAFTA) in the coming days. The move appears to be a ploy to force Congress to pass Trump’s update to the NAFTA agreement, the US-Mexico-Canada Agreement (USMCA). Both Democrats and Republicans have raised concerns with the USMCA. But such a move would […]
Donald Trump and Xi Jinping agree a fragile truce at the G20 summit
The Dow Jones Industrial Average soared more than 400 points after a cease-fire in the trade spat between the U.S. and China helped renew investor optimism following a rocky stretch for risk assets.