• Trump tariffs a rounding error for U.S. economy so far, that may change

    1 month ago - By Reuters

    WASHINGTON - U.S. President Donald Trump's new trade tariffs will lop at most a couple of tenths of a percentage point off U.S. growth and add a similar amount to inflation, small fry for a $19 trillion economy that is experiencing its second longest economic expansion on record.
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  • A trade war looms as Trump slaps tariffs on Chinese imports

    1 month ago - By Chron

    WASHINGTON - President Donald Trump brought the world's two biggest economies to the brink of a trade war Friday by announcing a 25 percent tariff on up to $50 billion in Chinese imports to take effect July 6.
    Beijing quickly responded that it would retaliate with penalties of the same scale on American goods.
    In announcing the U.S. tariffs, Trump said he was fulfilling a campaign pledge to crack down on what he contends are China's unfair trade practices and its efforts to undermine U.S. technology and intellectual property.
    "We have the great brain power in Silicon Valley, and China and...
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  • U.S. trade tariffs push industrials, materials stocks lower

    1 month ago - By Reuters

    Shares in U.S. industrial and materials companies were under pressure on Friday on escalating trade tensions between the United States and China after President Donald Trump announced tariffs on China, which said it would fight back.
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  • Industrial stocks sink after Trump announces new tariffs on Chinese imports

    Industrial stocks sink after Trump announces new tariffs on Chinese imports

    1 month ago - By Business Insider

    President Donald Trump on Friday announced tariffs on $50 billion worth of imported Chinese goods.
    The new tariffs directly affect aerospace, industrial machinery, raw materials, and automotive sectors, the trade representative said.
    Stocks including Boeing , Caterpillar , and automakers fell in after the tariffs were announced.
    Industrial stocks sank Friday morning after the Trump administration announced new taxes on $50 billion worth of goods imported from China.
    Boeing was down about 1.8% at the time of writing, and Caterpillar was down 2.4%.
    "This list was compiled based on extensive...
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  • Industrial stocks sink after Trump announces new tariffs on Chinese imports

    Industrial stocks sink after Trump announces new tariffs on Chinese imports

    1 month ago - By Business Insider

    President Donald Trump on Friday announced tariffs on $50 billion worth of imported Chinese goods.
    The new tariffs directly affect aerospace, industrial machinery, raw materials, and automotive sectors, the trade representative said.
    Stocks including Boeing , Caterpillar , and automakers fell in after the tariffs were announced.
    Industrial stocks sank Friday morning after the Trump administration announced new taxes on $50 billion worth of goods imported from China.
    Boeing was down about 1.8% at the time of writing, and Caterpillar was down 2.4%.
    "This list was compiled based on extensive...
    Read more ...

     

  • Industrial stocks sink after Trump announces new tariffs on Chinese imports

    Industrial stocks sink after Trump announces new tariffs on Chinese imports

    1 month ago - By Business Insider

    President Donald Trump on Friday announced tariffs on $50 billion worth of imported Chinese goods.
    The new tariffs directly affect aerospace, industrial machinery, raw materials, and automotive sectors, the trade representative said.
    Stocks including Boeing , Caterpillar , and automakers fell in after the tariffs were announced.
    Industrial stocks sank Friday morning after the Trump administration announced new taxes on $50 billion worth of goods imported from China.
    Boeing was down about 1.8% at the time of writing, and Caterpillar was down 2.4%.
    "This list was compiled based on extensive...
    Read more ...