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Tag Archives: tariffs

Trump announces ‘very substantial’ but partial China trade deal

Washington, United States | AFP | President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal that included a surge in purchase of American farm products. With the agreement — which also covers intellectual property, financial services and …

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Equities, yuan take hit as Trump dials up trade war with China

Hong Kong, China | AFP | Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars worth of imports. However, dealers pared earlier steep losses after the president said …

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Latest Trump tariffs to directly hit consumers

  New York, United States | AFP | Earlier US tariffs enacted in President Donald Trump’s trade war with China have dealt only a glancing blow to consumers, but those announced Thursday are different. “This hits consumers straight on,” Steve Pasierb, president of the Toy Association, said in an interview. “This …

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Auto industry dented by latest Trump tariffs

New York, United States | AFP | President Donald Trump’s plan to impose tariffs on Mexico will affect myriad industries, but few are as exposed as automakers. Shares of several major automakers and auto suppliers dived five percent or more following Trump’s announcement Thursday night that the United States would impose …

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