U.S. stocks jumped Friday in another manic day on Wall Street, while the falling value of the U.S. dollar and other swings in financial markets suggested fear is still high about escalations in President Donald Trump's trade war with China. The S&P 500 rallied 1.8%, after veering repeatedly between gains and losses, to cap a chaotic and historic week full
China said on Friday it would raise tariffs on US goods to 125 percent, further deepening a trade war between the world's two largest economies. "The US's imposition of abnormally high tariffs on China seriously violates international trade rules, basic economic laws and common sense," Beijing's State Council Tariff Commission said in a statement shared
China announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated a new trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries. China notably had said it would fight the American tariffs with its own countermeasures, calling Trump's
It began with a speech. Then a threat. Then a global market tremor. In just over two weeks, U.S. President Donald Trump has dramatically reshaped the international trade landscape with a barrage of tariffs that few anticipated at such scale. The measures – sweeping in scope and aggressive in tone – have unsettled supply chains, shaken stock markets,
EU chief Ursula von der Leyen said Thursday the bloc will put planned tariffs on US goods on hold "to give negotiations a chance" after President Donald Trump's U-turn on massive duties. The 27-nation bloc on Wednesday greenlit its first measures targeting US products, in retaliation for duties on steel and aluminium exports. It had yet to announce
The European Union's executive commission said Thursday it will put its retaliation measures against new U.S. tariffs on hold for 90 days to match President Donald Trump's pause on his sweeping new tariffs and leave room for a negotiated solution. European Commission President Ursula von der Leyen said that the commission, which handles trade for the
Maltese-American politician Pete Buttigieg stated that US President Donald Trump’s decision to impose a 90-day pause on tariffs except those on China is him “backing down”. “Sometimes, when he fails badly enough, Trump can be forced to do the thing he says he never does: back down,” the former mayor of South Bend and US Secretary of Transportation
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. After days of turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump's announcement that he was halting a levy hike for almost all nations
President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he'd imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America's trading
The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic meltdown. "You've got the markets seeing