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Tag Archives: Tariff

Jamie Dimon: Trump's tariff strategy could have worked

"It could have worked as a negotiating strategy," said Dimon to Poppy Harlow of CNN. The comments are in stark contrast to at least one Trump advisor. Former White House economist Gary Cohn, who used to be deputy commander at Goldman Sachs, said flatly last week that "fares do not work". If anything, Cohn told the Freakonomics podcast, the tariffs …

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US and Chinese Trade War: CSI 300 jumps after Trump's tariff delay

Shanghai Composite [194559002] ( SHCOMP ) jumped 5.6% on Monday, according to Reuters the highest percentage daily gain since July 2015. This led to a bull market, which was defined as an increase of at least 20% from a recent low. Part of the encouragement came from US President Donald Trump, who announced that he would delay a significant increase …

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Wall Street flat as tech gains reassure tariff nerves By Reuters

© Reuters. Traders Working at the New York Stock Exchange (NYSE) in New York By Amy Caren Daniel (Reuters) – US equities were unchanged on Tuesday as technology stocks rallied after the low point of their session, leading to Calming the nerves that were triggered by President Donald Trump were the last customs threat. Trump said he expects to raise …

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Exclusive: U.S. asks for WTO panel over metals tariff retaliation

WASHINGTON / OSLO (Reuters) – The United States is requesting a World Trade Organization. tariffs on steel and aluminum, according to a official familiar with the matter. The PAO steel mill in Farrell, Pennsylvania, US, March 9, 2018. REUTERS / Aaron Josefczyk The requests, filed on Thursday, cover tariff by China, the European Union, Canada and Mexico, which is a …

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Chinese oil importers avoid US crude despite tariff reversal

Chinese oil importers are reluctant to buy US crude oil, fearing that Beijing's decision to remove it from the customs list in a trade dispute between major economies will be temporary. Not a single tanker has loaded crude Oil from the United States, which flew to China since the beginning of August, showed the ship data of Thomson Reuters Eikon, …

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Donald Trump plans to hit China with a tariff increase; Wall Street is sinking under trade fears

Updated August 2nd, 2018 09:14:38 photo: Donald Trump continues to pressure China. (AP: Markus Schreiber) US President Donald Trump has attempted to increase pressure on China for trade concessions by proposing a higher 25 percent tariff on Chinese imports worth US $ 200 billion ] US Trade Representative Robert Lighthizer said Trump has led the increase – from a previously …

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Asian stocks are rising, but the US tariff is fueling trade fears

SHANGHAI (Reuters) – Most Asian stocks rallied on Wednesday after a solid Wall Street close, but gains were dampened by weak data in the region and growing fears over volatile Sino-US trade relations. A woman in high winds, caused by Typhoon Lan, passes an electronic billboard showing the graphs of the recent Japanese Nikkei average moves outside a brokerage firm …

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