News

Stocks fall with US dollar; oil slips before OPEC

Sinéad Carew, Reuters
Posted at Jun 22 08:44 AM

Also of concern was the US immigration crisis after Trump backed off an unpopular hardline policy that had led to children being separated from their parents when they crossed illegally into the United States from Mexico. Read more »

Levi's, Harley Davidson in crossfire of EU-US trade war

Agence France-Presse
Posted at Jun 22 08:24 AM

From blue jeans to motorbikes and whiskey, the EU's hit list of products to target for tariffs in the event of a trade war with the US reads like a catalog of emblematic American exports. Read more »

Global stocks mixed as trade war fears linger

Agence France-Presse
Posted at Jun 21 08:27 AM

World stock markets were a mixed bag on Wednesday as some investors fished for bargains and others gave in to anxiety over simmering trade tensions between China and the United States.   Read more »

Asia business sentiment slips from 7-year high on trade worries: poll

Liz Lee, Reuters
Posted at Jun 20 11:55 AM

The Thomson Reuters/INSEAD Asian Business Sentiment Index, representing a six-month outlook from 61 firms, fell to 74 in the second quarter from a seven-year high of 79 in the prior 3 months. The survey was conducted over June 1-15. Read more »

Trade fears hit stocks, commodities as investors eye safety

Sinéad Carew, Reuters
Posted at Jun 20 08:22 AM

US soybean futures were among the biggest casualties after President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods, a threat that China's commerce ministry described as "blackmailing," vowing to retaliate. Read more »

China slams US trade threats as 'blackmail', warns of countermeasures

Agence France-Presse
Posted at Jun 19 11:03 AM

China on Tuesday condemned Donald Trump's threat to impose 10 percent tariffs on $200 billion worth of Chinese goods as "blackmail" and warned it was prepared to take countermeasures if Washington goes through with them. Read more »

Trump escalates China trade war with extra tariffs

Agence France-Presse
Posted at Jun 19 08:20 AM

With the world's two largest economies already engaged in a confrontation long feared by markets and industry, Trump said he was pushing forward with fresh punitive measures over Beijing's "unacceptable" move to raise its own tariffs. Read more »

Asian shares fall as China-US trade spat intensifies

Hideyuki Sano, Reuters
Posted at Jun 18 09:00 AM

Fears of a trade war added to pressure on oil prices, which extended Friday's big fall amid expectations of higher output from OPEC and Russia. Read more »

IMF warns United States against protectionist trade policies

Lindsay Dunsmuir, Reuters
Posted at Jun 15 08:53 AM

The IMF, in a review of US economic policy, also said that while the country's economic growth was expected to be strong this year and next, recent tax and spending measures could cause greater risks from 2020 onwards. Read more »

Trump readies $50 billion in tariffs on Chinese goods

Jeff Mason and David Lawder, Reuters
Posted at Jun 15 08:45 AM

The list will contain 800 product categories, down from 1,300 previously, according to another administration official and an industry source familiar with the list. Read more »

Anti-US consumer boycott? Canadians may find it hard to pull off

Andrea Hopkins, Reuters
Posted at Jun 13 08:34 AM

Canadians outraged by US President Donald Trump's attack on their prime minister have called for a consumer boycott targeting the United States, but indignation may be hard to sustain in a nation enamored by US popular culture and larded with American goods. Read more »

Trade tensions swirl as US Fed opens policy meeting

Douglas Gillison, Agence France-Presse
Posted at Jun 12 11:54 AM

The US central bank was due to open a 2-day policy meeting Tuesday that markets overwhelmingly expect will produce the second interest rate hike of the year. Read more »

Trump G7 tweets 'sobering and depressing': Merkel

Agence France-Presse
Posted at Jun 11 08:40 AM

Looking ahead to the next major diplomatic encounter with Trump -- a meeting of NATO alliance leaders in July -- "it won't be easy", Merkel said. Read more »

Merkel: G7 agree on commitment to rules-based trade

Agence France-Presse
Posted at Jun 10 01:49 AM

But Merkel acknowledged that major differences remained between the US and its partners in the group which includes the world's seven most industrialized economies. Read more »

Macron, Trudeau support 'strong multilateralism' ahead of G7

Michel Comte and Laurence Benhamou, Agence France-Presse
Posted at Jun 07 08:01 AM

French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau expressed support for "strong multilateralism" in Ottawa Wednesday before the G7 summit, where US President Donald Trump's aggressive trade policies are sure to raise hackles. Read more »

Mexico bets on Philippines as 'door' to trade ties with ASEAN

Cathy Yang, ABS-CBN News
Posted at Jun 06 12:52 PM

Mexico said Wednesday it hoped the Philippines could serve as its "door" to Southeast Asia, as it diversifies trade relations in the face of US President Donald Trump's moves. Read more »

Aiming at Trump strongholds, Mexico hits back with trade tariffs

David Alire Garcia and Miguel Gutierrez, Reuters
Posted at Jun 06 08:20 AM

The new tariffs could also have political implications in some hotly contested races as the Republicans seek to maintain control of both chambers in Congress in November's election, illustrating the potential perils of Trump's aggressive efforts to set right what he sees as unfair trade balances with allies and rivals. Read more »

Trump adviser admits trade dispute a risk to US economy

Agence France-Presse
Posted at Jun 04 08:37 AM

President Donald Trump's top economics adviser acknowledged Sunday the trade dispute with US allies could jeopardize the booming American economy but dismissed criticism of the administration's stance as overblown.  Read more »

US isolated as trade outrage roils G7 ministerial meet

Delphine Touitou and Douglas Gillison, Agence France-Presse
Posted at Jun 03 08:00 AM

No joint final statement emerged from the G7 ministerial meeting, a sign of the strong discord now at the heart of the global economy. Read more »

Trade war looms as US tariffs roil G7 meet

Delphine Touitou, Douglas Gillison and Heather Scott, Agence France-Presse
Posted at Jun 01 02:02 PM

The world's largest economies stood at the precipice of all-out trade war as major US allies announced retaliation against stinging steel and aluminum tariffs that took effect on Friday. Read more »