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Full-on trade war: Trump jacks up tariffs on $550bn of Chinese goods, blasts ‘unfair’ response
3 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
Trump hikes existing & future tariffs on Chinese goods in major trade war escalation
5 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 MoreFed’s Clarida says global economy has worsened since July: CNBC
6 hours ago DieselGasoil Comments Off on Fed’s Clarida says global economy has worsened since July: CNBC
Federal Reserve Vice Chair Richard Clarida reacts as he holds his phone during the three-day “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby (Reuters) – U.S. Federal Reserve Vice Chairman Richard Clarida said on Friday the global economic outlook has worsened since July. “The global economy is slowing Read MoreFed’s commitment to act upstaged by Trump’s furor
6 hours ago DieselGasoil Comments Off on Fed’s commitment to act upstaged by Trump’s furor
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy, stopping short of committing to rapid-fire rate cuts and drawing fire from President Donald Trump. Powell’s words were barely out of his mouth when Trump ratcheted up his war of words Read MoreWall Street plunges as U.S.-China trade war intensifies
6 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
6 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
Made in USA: Trump calls on American firms to abandon China
7 hours ago DieselGasoil Comments Off on Made in USA: Trump calls on American firms to abandon China
By Ganesh Rao, business reporter President Donald Trump has furiously responded to China’s decision to impose new retaliatory tariffs on American goods. In a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States Read More
TC Energy’s Keystone XL moves closer to 2020 construction with Nebraska ruling
7 hours ago DieselGasoil Comments Off on TC Energy’s Keystone XL moves closer to 2020 construction with Nebraska ruling
Houston — TC Energy’s hope to start construction on the 830,000 b/d Keystone XL heavy oil pipeline in 2020 took a step forward Friday with a favorable ruling from the Nebraska Supreme Court, one of the final legal obstacles facing the project after US President Trump granted a permit. Not registered? Receive daily email alerts, Read More