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Full-on trade war: Trump jacks up tariffs on $550bn of Chinese goods, blasts ‘unfair’ response

2 hours ago DieselGasoil Comments Off on Full-on trade war: Trump jacks up tariffs on $550bn of Chinese goods, blasts ‘unfair’ response
US President Donald Trump has announced yet another major hike of existing and future tariffs on some $550 billion in Chinese goods, criticizing Beijing’s attempt to offset the losses as ‘unfair’ and ‘politically motivated.’ Duties on $250 million worth of Chinese goods already taxed at 25 percent will increase to 30 percent starting on October Read More

Key dates in the U.S.-China trade war

3 hours ago DieselGasoil Comments Off on Key dates in the U.S.-China trade war
(Reuters) – Hopes for settlement of the yearlong U.S.-China trade war dimmed further on Friday as China said it will slap retaliatory tariffs on about $75 billion worth of U.S. goods, the latest escalation in the dispute between the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Read More

US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump

3 hours ago DieselGasoil Comments Off on US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump
Washington — The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1, and raise the current 10% tariff on another $300 billion of Chinese imports to 15% on September 1, President Trump tweeted late Friday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

3 hours ago DieselGasoil Comments Off on Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Read More

Trump administration considers boost to biofuel mandates to ease farmer anger: sources

4 hours ago DieselGasoil Comments Off on Trump administration considers boost to biofuel mandates to ease farmer anger: sources
NEW YORK/WASHINGTON (Reuters) – The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad use of waivers for small refineries, but is not planning to rescind any of the exemptions it has granted so far, four sources familiar with the Read More

Trump hikes existing & future tariffs on Chinese goods in major trade war escalation

4 hours ago DieselGasoil Comments Off on Trump hikes existing & future tariffs on Chinese goods in major trade war escalation
US President Donald Trump has announced further tariffs on $250 billion in Chinese goods, upping existing 25 percent duties to 30 percent. Another $300 billion in goods due to be taxed at 10 percent will be taxed at 15 percent. The 25 percent tariff is already in effect, and will become a 30 percent tariff Read More

Wall Street plunges as U.S.-China trade war intensifies

5 hours ago DieselGasoil Comments Off on Wall Street plunges as U.S.-China trade war intensifies
NEW YORK (Reuters) – Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Dow Jones tanks 600+ points as Trump trades barbs with Beijing and the Federal Reserve

5 hours ago DieselGasoil Comments Off on Dow Jones tanks 600+ points as Trump trades barbs with Beijing and the Federal Reserve
The Dow Jones saw a steep drop of 700 points after a threat from Beijing to slap new tariffs on billions of dollars in American goods, and a harsh response from US President Donald Trump, but picked up before ending 621 down. The precipitous fall in the Dow on Friday came after China unveiled its Read More

Oil declines as China plans tariffs on imported US crude, escalating trade fight

5 hours ago DieselGasoil Comments Off on Oil declines as China plans tariffs on imported US crude, escalating trade fight
New York — Oil settled lower Friday amid renewed concerns that spiraling US-China trade tensions could blunt global energy demand growth. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX October WTI settled down $1.18 at $54.17/b, and ICE October Brent was 58 cents lower on the day at Read More