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Global shares mixed as trade worries loom; oil surges
2 monthes ago - By Reuters
Concerns over China-U.S. trade tensions gave European shares their worst week of losses in two months and pulled down U.S. stocks on Friday, overshadowing the lift from higher oil prices and jobs data.
Read more ...Trump upbeat on China talks; aides downplay Huawei arrest friction
2 monthes ago - By Reuters
U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies.
Read more ...We just got a new sign that the pain from Trump's trade war is getting worse, and it's spreading to even more businesses like restaurants
2 monthes ago - By Business Insider
Despite better political signals on the trade front, US businesses are reporting pain from President Donald Trump's tariffs.
According to the Federal Reserve's Beige Book, more US industries are starting to notice the effects of tariffs.
There are two big reasons the tariff pain is spreading: an increasing number of goods subject to tariffs, and the length of time the tariffs have been in place.
The US-China trade war may be showing signs of easing up on the political front, but more US businesses than ever say they are feeling the pain from President Donald Trump's trade war.
Just days...
Read more ...Walmart CEO reveals why Trump's trade war with China still has him worried over rising prices
2 monthes ago - By Business Insider
Walmart CEO Doug McMillon told CNBC that consumers will take the hit if the US trade war with China escalates.
He added that US President Donald Trump's tariffs have created "uncertainty as it relates to pricing."
Walmart has established itself as a major critic of Trump's trade policies as they pertain to China.
Walmart CEO Doug McMillon is sounding the alarm on the US-China trade war once more.
"We worry about next spring, next summer, next fall what customers will have to pay if tariffs do escalate," McMillon told CNBC on Thursday.
McMillon's expressed concerns about a worsening trade...
Read more ...
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