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China to fight back against U.S. tariff move: People’s Daily

5 hours ago NAMEX Comments Off on China to fight back against U.S. tariff move: People’s Daily
FILE PHOTO: Containers are seen at Yantian port in Shenzhen, Guangdong province, China July 4, 2019. Picture taken July 4, 2019. REUTERS/Stringer BEIJING (Reuters) – China will fight back against the latest U.S. step to increase tariffs on Chinese goods, the ruling Communist Party’s People’s Daily said on Sunday amid an escalating trade war between Read More

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

9 hours ago NAMEX Comments Off on Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Read More

China warns U.S. to stop ‘wrong’ trade actions or face consequences

9 hours ago NAMEX Comments Off on China warns U.S. to stop ‘wrong’ trade actions or face consequences
FILE PHOTO: U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration/File Photo BEIJING (Reuters) – China said on Saturday it strongly opposes Washington’s decision Read More

World needs to end risky reliance on U.S. dollar: BoE’s Carney

11 hours ago NAMEX Comments Off on World needs to end risky reliance on U.S. dollar: BoE’s Carney
JACKSON HOLE, Wyo. (Reuters) – Bank of England Governor Mark Carney took aim at the U.S. dollar’s “destabilizing” role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency. Federal Reserve Chair Jerome Powell and Governor of the Bank of England, Mark Carney Read More

Fed’s commitment to act upstaged by Trump’s furor

11 hours ago NAMEX Comments Off on Fed’s commitment to act upstaged by Trump’s furor
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump. Powell had barely completed a key Friday morning speech when Read More

China warns U.S. to stop ‘wrong’ trade actions or face consequences

16 hours ago NAMEX Comments Off on China warns U.S. to stop ‘wrong’ trade actions or face consequences
FILE PHOTO: U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a China’s yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration/File Photo BEIJING (Reuters) – China said on Saturday it strongly opposes Washington’s decision Read More

UK PM Johnson to tell Trump to de-escalate trade tensions

16 hours ago NAMEX Comments Off on UK PM Johnson to tell Trump to de-escalate trade tensions
Britain’s Prime Minister Boris Johnson arrives in Biarritz for the G7 summit, France, August 24, 2019. REUTERS/Dylan Martinez/Pool BIARRITZ, France (Reuters) – British Prime Minister Boris Johnson said he would be telling President Donald Trump at this weekend’s G7 summit to pull back from a trade war which is already destabilising economic growth around the Read More

U.S – China Trade Conflict Worsen

20 hours ago NAMEX Comments Off on U.S – China Trade Conflict Worsen
DieselGasoil 1 month ago STOCKHOLM (Reuters) – Volvo plans to cut fixed costs by 2 billion Swedish crowns ($214 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure… Read More

Economists Call For Recession In 2021

20 hours ago NAMEX Comments Off on Economists Call For Recession In 2021
DieselGasoil 2 months ago China’s Ministry of Commerce has announced plans to establish six new pilot free-trade zones (FTZs), as well as the expansion of the Shanghai free-trade zone. The move will further… Read More