Tag: trade war

Saturday, August 24th 2019 - 09:16 UTC
US/China trade war further escalates: where does it end before reaching a point of no return?

President Donald Trump declared on Friday he would further raise American tariffs on all Chinese imports hours after China announced tariffs on American goods, the second escalation within the day of a trade war between the world’s two biggest economies that has shown no sign of ending soon.
Thursday, August 22nd 2019 - 09:13 UTC
Farmers furious with USDA estimates and frustrated about unsold crops caused by Trump's trade war

The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and sources said the threat of violence was made during a phone call from an angry farmer.
Wednesday, August 21st 2019 - 09:48 UTC
The word that begins with “R” that scares Donald Trump

United States President Donald Trump on Tuesday insisted that recession - a potentially dangerous blow to his re-election next year - is not in the cards. But he indicated he's preparing just in case.
Wednesday, August 7th 2019 - 09:33 UTC
Trump vows to protect US farmers against China and promises further aid

US President Donald Trump on Tuesday vowed to protect US farmers against China by signaling to provide further aid if needed, a day after Chinese firms stopped agricultural purchases and Beijing threatened more tariffs on US farm products.
Tuesday, August 6th 2019 - 09:15 UTC
World stock markets plunge as Beijing lets its currency to devalue and halts purchase of US farm produce

World stock markets plunged on Monday as Beijing parried US President Donald Trump's latest tariff announcements by moving to let China's Yuan currency devalue and halting purchases of US agricultural products.
Tuesday, August 6th 2019 - 09:06 UTC
Fed expected to further lower interest rate as trade tensions with China increase

Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.
Friday, August 2nd 2019 - 09:46 UTC
US business lobbies warn extra tariffs will hurt American consumers

President Donald Trump's threat to impose 10% tariffs on the remaining US$300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned on Thursday.
Friday, August 2nd 2019 - 09:43 UTC
Trump slaps additional 10% punitive tariff on US$ 300 billion of Chinese goods

President Donald Trump announced on Thursday he will hit China with punitive tariffs on another US$300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.
Thursday, July 25th 2019 - 05:06 UTC
US to compensate a minimum US$ 15 per acre to farmers hurt by trade war with China

The U.S. government will pay a minimum of US$ 15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said.
Monday, July 22nd 2019 - 09:49 UTC
Chinese investment in the US plummeted 88% since Trump took office

Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90% since President Donald Trump took office.