Sign In
Free Newsletter
China raises its retaliatory tariff on the US to 84% as it vows to ‘fight to the end’
BANGKOK (AP) — China is boosting tariffs on American goods to 84% and vowed Wednesday to “fight to the end” in an escalating battle that threatens to disrupt trade between the world’s two largest economies. The new rate, which takes effect Thursday, comes in response to President Donald Trump‘s move to raise the tariff on […]
China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs
BEIJING (AP) — China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said the U.S.‘s imposition of “so-called ‘reciprocal tariffs‘” on China is “completely groundless and is a typical unilateral[...]
The Latest: Stocks plummet as global markets feel the impact of Trump’s tariffs
U.S. stocks careened after President Donald Trump threatened to crank his tariffs higher on Monday. The S&P 500 was down 0.8% in late trading, but only after a day of heart-racing reversals as battered financial markets try to figure out what Trump’s ultimate goal is for his trade war. If it’s to get other countries to agree to trade deals, […]
As markets implode, US trading partners puzzle over whether there’s room for negotiations
BRUSSELS (AP) — America’s trading partners wrestled with responses to U.S. President Donald Trump‘s blast of tariff hikes and some planned to send negotiators to Washington, while the head of the European Union’s executive commission offered mutual reduction of tariffs – while warning that retaliation was an option too. “We stand ready to negotiate with the United [&h[...]
5 Virginia companies among 27 firms targeted by China for further trade constraints
BANGKOK (AP) — China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump‘s “Liberation Day” slate of double-digit tariffs. The new tariff matches the rate of the U.S. “reciprocal” tariff of 34% on Chinese […]
China retaliates as Trump’s tariffs affect world markets
BANGKOK (AP) — Countries and industries were scrambling Friday to respond as President Donald Trump‘s latest tariffs hikes upend global trade and world markets. China responded to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all U.S. products beginning April 10. […]
Trump says things are ‘going very well’ after worst stock market drop in years over tariffs
WASHINGTON (AP) — President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it’s going very well.” “The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White […]
Global markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports
Global markets slid further and Wall Street was on track for another day of crushing losses Friday after China responded to U.S. President Donald Trump‘s latest set of tariffs with some of their own. Futures for the S&P 500 fell 3.6% before the bell, while futures for the Dow Jones Industrial Average shed 3.4%, falling […]
Amazon’s last-minute bid for TikTok comes as a US ban on the platform is set to take effect Saturday
WASHINGTON (AP) — Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said the Amazon offer was made in a […]
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
WASHINGTON (AP) — President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, threatening to upend much of the architecture of the global economy and trigger broader trade wars. Trump held up a chart […]
No batteries? Thinner packaging? US businesses look for ways to offset tariffs
NEW YORK (AP) — Gadgets sold without batteries. Toys sold in slimmed-down boxes or no packaging at all. More household goods that shoppers need to assemble themselves. These are some of the ways consumer product companies are retooling their wares to reduce costs and avoid raising prices as President Donald Trump levies new import taxes on key […]
Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal. Buyers in the U.S. have been stocking up on copper ahead of potential tariffs. Future prices for the base metal hit $5.21 per pound […]
