press enter »
placeholder
placeholder

Trump’s Love for Tariffs Began in Japan’s ’80s Boom

Trump’s Love for Tariffs Began in Japan’s ’80s Boom

WASHINGTON — Donald J. Trump lost an auction in 1988 for a 58-key piano used in the classic film “Casablanca” to a Japanese trading company representing a collector. While he brushed off being outbid, it was a firsthand reminder of Japan’s growing wealth, and the following year, Mr. Trump went on television to call for a 15 percent to 20 percent tax

U.S. blacklists China's Huawei as trade dispute clouds global outlook

U.S. blacklists China's Huawei as trade dispute clouds global outlook

WASHINGTON (Reuters) - The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding a new incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates

U.S. Treasury secretary plans China visit as trade war clouds world economy

U.S. Treasury secretary plans China visit as trade war clouds world economy

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets. Mnuchin did not elaborate on the timing of future negotiations but characterized two days of high-level

Mnuchin to visit China soon as trade war clouds global economy

Mnuchin to visit China soon as trade war clouds global economy

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to China soon to continue talks as Washington and Beijing seek to resolve a trade war that has cast a pall over the global economy and financial markets. Mnuchin did not elaborate on the timing of future negotiations, but characterized two days of

China’s state party posts defiant message about trade war with U.S. on social media site

China’s state party posts defiant message about trade war with U.S. on social media site

CLOSE 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. Here's how it could affect the U.S. economy and consumers. (June 15) AP President Trump loves to badger China on Twitter. Now China is fighting back

Dow Jones ‘rises by £60billion’ after Donald Trump’s branded China trade war just ‘a little squabble’ and insisted a deal WILL happen

Dow Jones ‘rises by £60billion’ after Donald Trump’s branded China trade war just ‘a little squabble’ and insisted a deal WILL happen

THE Dow Jones recorded its best day in a month rising by $60billion yesterday after Donald Trump branded his trade war with China “a little squabble.” The US President’s remarks gave investors hope that Washington and Beijing would work out a deal resulting in all three major indexes closing in the black on Tuesday. Reuters Donald Trump’s remarks over

Why the U.S.-China Trade War Won’t Be Ending Anytime Soon

Why the U.S.-China Trade War Won’t Be Ending Anytime Soon

This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here . Good morning, Clay Chandler writing for Adam today. President Trump will sign an executive order this week barring U.S. companies from using telecommunications equipment produced by firms deemed a risk

US-China trade war: How did it start, how much is at stake, what has Trump said about it?

US-China trade war: How did it start, how much is at stake, what has Trump said about it?

THERE are hopes talks will resume in June between the US and China over their ongoing trade war dispute. The two world powers are currently locked in an increasingly bitter row over trade deals with both sides threatening to hike tariffs on their respective imports. Trump is confident he can win the trade war with China AP:Associated Press How did

Mnuchin says China trade talks likely to continue in Beijing

Mnuchin says China trade talks likely to continue in Beijing

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel to Beijing at some point soon to continue trade talks with Chinese counterparts, adding that there was “still a lot of work to do.” Mnuchin did not give lawmakers at a congressional hearing details about the timing for future negotiations, but said