• U.S. threat of more tariffs on China hits yuan, Aussie

    2 monthes ago - By Reuters

    The Chinese yuan skidded toward an 11-month low and the Australian dollar fell on Wednesday after the Trump administration threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict.
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  • Oil falls on trade fears after Trump tariff threat

    2 monthes ago - By Reuters

    Oil prices fell on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China, deepening a trade dispute that could depress global economic growth and reduce energy demand.
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  • Stocks tumble as Asia braces for more US tariffs on China

    2 monthes ago - By Chron

    SINGAPORE - Asian markets have tumbled after the Trump administration's move to impose tariffs on another $200 billion of Chinese exports was criticized by Beijing, upping the ante in the trade war between the world's two largest economies.
    KEEPING SCORE: Japan's benchmark Nikkei 225 lost 1.2 percent to 21,932.21 and South Korea's Kospi lost 0.6 percent to 2,281.12. Hong Kong's Hang Seng shed 1.7 percent to 28,208.91. The Shanghai Composite index tumbled 2.3 percent to 2,761.90. Australia's S&P/ASX 200 dropped 0.8 percent to 6,211.20. Shares also fell in Taiwan and Southeast Asia.
    WALL...
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  • Oil falls on trade fears after Trump's tariff threat

    2 monthes ago - By Reuters

    Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China.
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  • China vows retaliation for latest US tariff threat

    2 monthes ago - By Chron

    BEIJING - China's government has criticized the latest U.S. threat of a tariff hike as "totally unacceptable" and vowed to retaliate in their escalating trade war.
    The Commerce Ministry on Wednesday gave no details, but Beijing responded to last week's U.S. tariff hike on $34 billion of imports from China by increasing its own duties on the same amount of American goods.
    The U.S. Trade Representative's office announced a $200 billion list on Wednesday of Chinese goods for possible 10 percent tariffs including fish, apples and burglar alarms.
    A Commerce Ministry statement said, "It is...
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