US President Donald Trump abruptly paused tariffs on most countries Wednesday after admitting they made the markets nervous, but doubled down on a brutal trade war with superpower rival China.Following days of market turmoil, Wall Street stocks saw historic surges in reaction to Trump’s announcement that he was halting a levy hike for almost all …
Trump stuns with tariff backtrack but punishes China Read More »
US President Donald Trump abruptly backed down Wednesday in his global trade war with a 90 day tariff pause for most countries — but slapped even more levies against China in what has become a brutal duel between the world’s two largest economies.Following days of global market turmoil, Wall Street stocks surged in reaction to …
Trump stuns with tariffs reversal but hits China harder Read More »
US Treasury Secretary Scott Bessent warned countries Wednesday against closer alignment with China on trade, as he defended President Donald Trump’s move to remake the world’s biggest economy through market-shaking tariffs.Bessent told a summit of bankers in Washington that economies potentially eyeing closer ties with Beijing over the US shift may want to think twice, …
US Treasury chief defends tariffs, warns against aligning with China Read More »
US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay “cool” despite his spiraling trade war.Trump dug in after superpower rival Beijing slapped massive 84 percent levies on US goods, just hours after his latest salvo of tariffs took effect on dozens …
Trump tells US to ‘be cool’ as China, EU strike back Read More »
President Donald Trump’s punishing tariffs on countries around the world, including a 104 percent increase in duties on China, bear the fingerprint of Peter Navarro, a Harvard-trained economist who has long warned against a rising Beijing.Saying Washington’s trade deficit was a sign of unfair competition, Trump announced blanket 10 percent tariffs on countries and territories …
Equities and oil plunged Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 percent as sweeping measures against the United States’ dozens of partners came into effect.After a brief respite Tuesday from the panic-selling at the start of the week, investors were once again scurrying for …
Equities resume selloff as Trump cranks up trade war Read More »
US President Donald Trump’s punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war.Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates on imports to the …
Trump’s new tariffs take effect, with 104% on Chinese goods Read More »
Like many Canadian border cities, Sarnia has seen a surge of patriotism in response to President Donald Trump’s aggressive behavior, but residents of the community on Lake Huron have focused on one threat in particular: local waters. Trump’s trade war has raised fears of a Canadian recession and his repeated references to annexation have sparked outrage.But …
Canadians in Great Lakes city bristle at Trump water threats Read More »
Wall Street stocks sank again Tuesday while US oil prices hit a multi-year low as worries about President Donald Trump’s escalating trade wars erased rebound hopes following gains in Europe and Asia.After trillions of dollars were wiped from the combined value of global equity markets since last week, share prices across the globe clawed back …
The top US trade official on Tuesday defended President Donald Trump’s sweeping tariffs on nearly every other nation, telling US senators that with dozens of countries seeking a deal the strategy was “already bearing fruit.”Jamieson Greer’s appearance in Congress came with Republicans ringing alarm bells over Trump’s escalating trade war and Wall Street clamoring for …
Trump’s trade representative says tariffs ‘bearing fruit’ Read More »
