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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

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

Responding to Trump, UPS, FedEx say they already fight illegal drug shipments

8 hours ago DieselGasoil Comments Off on Responding to Trump, UPS, FedEx say they already fight illegal drug shipments
(Reuters) – United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N) on Friday said they already work closely with law enforcement to stop illegal shipments from entering the country, after U.S. President Donald Trump called on delivery firms to refuse packages of synthetic opioid fentanyl from China. FILE PHOTO: The logo of United Parcel Service Read More

Trump presses U.S. companies to close China operations

10 hours ago DieselGasoil Comments Off on Trump presses U.S. companies to close China operations
FILE PHOTO: U.S. President Donald Trump speaks in front of a portrait of former U.S. President Abraham Lincoln prior to presenting the Presidential Medal of Freedom to Boston Celtics legend and Basketball Hall of Famer Bob Cousy at the White House in Washington, U.S., August 22, 2019. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – President Donald Trump Read More

The Koch Empire: What we know about deceased US billionaire David Koch

10 hours ago DieselGasoil Comments Off on The Koch Empire: What we know about deceased US billionaire David Koch
David Koch – one of America’s wealthiest men, with a net worth of more than $40 billion, and a major political donor – passed away on Friday aged 79. RT looks at the Koch business empire. Koch was the 11th richest person on the planet and, at the time of his death, had a net Read More

China to slap retaliatory tariffs on $75 billion-worth of US goods, targeting soybeans, oil & cars

11 hours ago DieselGasoil Comments Off on China to slap retaliatory tariffs on $75 billion-worth of US goods, targeting soybeans, oil & cars
Beijing has finally unveiled its response to Washington’s latest tariffs, vowing to hike levies on $75 billion-worth of US exports and to resume 25 percent tariffs on American automobiles. Beijing’s response measures will be implemented at the same stage as Washington’s, which plans to levy tariffs on $300 billion-worth of Chinese products on September 1 Read More

Billionaire industrialist and conservative donor David Koch dies at age 79

12 hours ago DieselGasoil Comments Off on Billionaire industrialist and conservative donor David Koch dies at age 79
WASHINGTON (Reuters) – Billionaire industrialist David Koch, a driving force behind conglomerate Koch Industries who as one of the world’s richest people became a major financier of conservative causes and political candidates, has died at age 79, his brother said on Friday. FILE PHOTO: Businessman David Koch arrives at the Metropolitan Museum of Art Costume Read More

China to slap retaliatory tariffs on $75 billion-worth of US goods, resume levies on American cars

13 hours ago DieselGasoil Comments Off on China to slap retaliatory tariffs on $75 billion-worth of US goods, resume levies on American cars
Beijing has finally unveiled its response to Washington’s latest tariffs, vowing to hike levies on $75 billion-worth of US exports and to resume 25 percent tariffs on American automobiles. Beijing’s response measures will be implemented at the same stage as Washington’s, which plans to levy tariffs on $300 billion-worth of Chinese products on September 1 Read More

Stocks, dollar inch up ahead of Powell’s Jackson Hole speech

14 hours ago DieselGasoil Comments Off on Stocks, dollar inch up ahead of Powell’s Jackson Hole speech
LONDON (Reuters) – World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. FILE PHOTO: The German share price index DAX graph is pictured Read More