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Trump says a trade agreement with China will be on US terms

4 days ago DieselGasoil Comments Off on Trump says a trade agreement with China will be on US terms
The is no purpose to a trade deal with Beijing if it is not on Washington’s terms, US president Donald Trump said, shortly after China threatened a retaliation to new US tariffs on its imports. “China, frankly, would love to make a deal, and it’s got to be a deal on proper terms. It’s got Read More

China to counter latest U.S. tariffs as Trump vows deal on U.S. terms

4 days ago DieselGasoil Comments Off on China to counter latest U.S. tariffs as Trump vows deal on U.S. terms
BEIJING/WASHINGTON (Reuters) – China on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, as U.S. President Donald Trump said any pact would have to be on America’s terms. Containers are seen at Yantian port Read More

Walmart’s earnings beat allays worry over tariff impact for now

5 days ago DieselGasoil Comments Off on Walmart’s earnings beat allays worry over tariff impact for now
WASHINGTON (Reuters) – U.S. retailer Walmart Inc (WMT.N) reported an estimate-beating jump in second-quarter U.S. comparable sales on Thursday as shoppers spent more at its stores and websites, sending its shares up 5% in premarket trading. FILE PHOTO: Walmart signs are displayed inside a Walmart store in Mexico City, Mexico, March 28, 2019. REUTERS/Edgard Garrido/File Read More

China’s economy worsens in July, industrial growth at 17-year low as trade war escalates

6 days ago DieselGasoil Comments Off on China’s economy worsens in July, industrial growth at 17-year low as trade war escalates
BEIJING (Reuters) – China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers. FILE PHOTO: Trucks transport containers at a port in Qingdao, Shandong province, China July 11, 2019. REUTERS/Stringer Activity Read More

Asian stocks cheer Trump’s delay of some China tariffs

6 days ago DieselGasoil Comments Off on Asian stocks cheer Trump’s delay of some China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More

Asian stocks bounce in relief as Trump delays China tariffs

6 days ago DieselGasoil Comments Off on Asian stocks bounce in relief as Trump delays China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More

Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump

6 days ago DieselGasoil Comments Off on Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales. The delay which, affects about half of the $300 billion target list of Read More

Tech leads Wall Street higher as tariff delay sparks rally

6 days ago DieselGasoil Comments Off on Tech leads Wall Street higher as tariff delay sparks rally
NEW YORK (Reuters) – U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally. Tech stocks, headed up by Apple Inc (AAPL.O), led all three major U.S. indexes into the black following the announcement, which calmed fears Read More

Shares, dollar rebound on thaw in U.S.-China trade war

6 days ago DieselGasoil Comments Off on Shares, dollar rebound on thaw in U.S.-China trade war
NEW YORK (Reuters) – U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth. President Donald Trump backed off his plan to impose 10% tariffs on Sept. Read More