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Trump stops trade negotiations with Turkey and raises steel tariffs to 50%

Statement by President Donald J. Trump on Turkey's action in northeastern Syria I will shortly be issuing an executive order to impose sanctions on current and former officials of the Turkish government and on those who are destabilizing Measures of Turkey, approved in northeastern Syria. Likewise, the steel tariffs will be raised again to 50 percent, which corresponds to the …

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The WTO officially supports US tariffs on EU goods

GENEVA – The United States has taken the final procedural hurdle to raise $ 10 billion in tariffs on European products at a meeting of the World Trade Organization (WTO) governing body this Monday. The administration of President Donald Trump no longer has legal obstacles to their already-planned sanctions on European goods, which could come into effect on Friday after …

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Trump will hit the EU with $ 7.5 billion in tariffs after the Airbus ruling

The decision marks the highest sentence ever imposed by a WTO arbitrator. An EU ruling on parallel proceedings against US subsidies for Airbus arch rival Boeing is expected in about eight months. While Brussels prefers to negotiate an enclosed resolution for both cases, the European Commission is considering options for swift retaliation should Washington act on the ruling, EU Trade …

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Louisiana governor hammers Trump over tariffs after a steelmaker goes bankrupt in his state – Raw Story

Democratic Louisiana Gov. Bloomberg reports that hundreds of jobs have been filed in jeopardy after the Bayou Steel Group filed for bankruptcy earlier this week. 400 workers near New Orleans. The company cited a "severe lack in liquidity" as its reason for going bankrupt, but Gov. Trump's trade with China, which has resulted in American agricultural and manufacturing industries is …

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Trump wanted to double Chinese trade tariffs after recent retaliation

President Donald Trump awaits the arrival of Emir Sheikh Tamim bin Hamad Al-Thani of Qatar at the White House in Washington on July 9, 2019. Carlos Barria | Reuters President Donald Trump wanted to double tariffs on Chinese goods last month, after Beijing's latest retaliation in a booming trade war had agreed to a smaller increase, three sources told CNBC. …

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Dow drops 400 points on new tariffs and global economic problems

US stocks have opened broadly down, with the Dow [194559002] ( INDU ) falling sharply and losing more than 400 points. The S & P 500 ( SPX ) and the Nasdaq Composite ( COMP ) each noted 1, 1% lower. The stocks increased their losses after unexpectedly poor production data. The August Institute of Supply Management production index was …

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Reuters: Oil slips as the US and China introduce more tariffs on trade war news

21:37, 02. September 2019 Economy 20 The United States began charging 15% duty on a number of Chinese goods on Sunday – including shoes, smart watches, and flat panel TVs – as China imposed new tariffs on US crude oil, the latest escalation in a bloody trade war , [19659005] flickr.com "src =" https://images.unian.net/photos/2019_01/1547220574-3214.jpg?0.7406203572646957 "title =" flickr.com "/> flickr.com Oil …

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5 US industries are hit hardest by Trump's latest China tariffs

This week, more than $ 100 billion of new US import duties of around $ 300 billion has been put into effect, with the remainder due in December. By the end of the year, nearly every commodity imported from China is taxed by the US government – worth about $ 550 billion worth of goods – paid for by the …

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Chinese tariffs could cost you $ 1,000 a year, but Apple can help

JPMorgan estimates that Chinese tariffs could cost an average of $ 1,000 a year as tariffs skyrocketed for many products imported from China yesterday. Gadget lovers could be the hardest hit as most of the technical products are made in China. The tariff applies to a wide range of products from milk to sports equipment, with many Apple products … …

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