• Stocks slide on trade war worries; oil, metals fall

    4 monthes ago - By Reuters

    U.S. stocks extended losses on Wednesday, set to snap their four-day winning streak, and metals prices slumped as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world's two biggest economies closer to a full-scale trade war.
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  • After Trump backs it into corner, 'inevitable' China hits US supply chains next, UBS economists say

    4 monthes ago - By CNBC

    UBS economists say their prior assumption was wrong and now - following the Trump administration's announcement that it plans tariffs on a further $200 billion in Chinese goods - they believe the U.S. trade war with China is escalating and could hurt the economy.
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  • China vows to hit back over U.S. proposal for fresh tariffs

    4 monthes ago - By Reuters

    China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods and rattling global markets.
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  • Wall Street on track to snap four-day rally; latest trade threat weighs

    4 monthes ago - By Reuters

    U.S. stocks looked set on Wednesday to snap a four-day winning streak after Washington's threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy.
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  • Dollar hits 6-month high against yen as trade fears trumped

    4 monthes ago - By Reuters

    The U.S. dollar strengthened on Wednesday as the market put aside trade tension fears and focused on the Labor Department's expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year.
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  • China just slammed massive tariffs on $34 billion worth of US goods - here's what will get hit

    China just slammed massive tariffs on $34 billion worth of US goods - here's what will get hit

    4 monthes ago - By Business Insider

    President Donald Trump and China are engaged in a nasty trade war, with both sides hitting the other with large tariffs on a variety of goods.
    In response to Trump's tariffs on Friday, China released a tariff list that will apply to $34 billion worth of US exports to China.
    The list of goods affected by the tariffs includes soybeans, pork, fish, orange juice, and whiskey.
    Here's a rundown of the major goods that will be subject to the new tariffs.
    After months of threats and negotiations, the trade war between the US and China officially launched on Friday with both countries imposing...
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  • Trade war to hit US tech giants, warns S&P

    4 monthes ago - By eFinancial News

    S&P analysis suggests the US tech giants may find Trump's trade war rebounds upon them
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