The United States and China have sharply raised tariffs on each other’s imports over the last week, raising the prospect of a long and painful trade war between the world’s two largest economies. Even as investors rallied to his decision to…
Browsing: Economic
As the United States and China barreled headfirst into full-fledged trade war this week, one of Beijing’s most fashionable shopping districts was still bustling. People browsed a high-end perfumery, lounged outside coffee shops and waited in a wraparound line for…
A sharp sell-off in U.S. government bond markets has sparked fears about the growing fallout from President Trump’s sweeping tariffs and retaliation by China, the European Union and others, raising questions about what is typically seen as the safest corner…
The stock market staged a brief rally Tuesday on hopes that President Donald Trump would turn from raising tariffs to cutting deals, before sinking amid renewed tough talk by administration officials. The S&P 500 index closed down 1.5 percent, bringing…
Beijing on Wednesday called for “dialogue” with Washington even as it vowed to take “forceful measures” to protect the Chinese economy from President Donald Trump’s 104 percent minimum tariffs. A worsening trade war between the world’s two biggest economies has…
The acting head of the IRS plans to resign after being bypassed over a new agreement to share the tax data of undocumented immigrants with Homeland Security personnel, according to two people familiar with the situation. Acting IRS commissioner Melanie…
President Donald Trump said Wednesday that he will impose a new 10 percent tariff on all imported goods along with higher import taxes tailored for each of about 60 countries that his advisers say maintain the largest barriers against U.S.…
