Markets
Markets Right Now: Stocks opening down on Wall Street Monday
Those tariffs were a response to taxes the U.S. placed on steel and aluminum from Europe. The Dow Jones Industrial Average sank 328.09 points, or 1.3 per cent, to 24,252.80. The EU tariffs on $3.4 billion worth of US products are retaliation for duties the Trump administration is imposing on European steel and aluminum. The S&P 500 is up 43.46 points, or 1.6 percent. [Full Article...]
Trade war or not, China Inc already reining in American brands
The president had called for wide-ranging restrictions on Chinese investment in US companies, along with tariffs, as a way to prevent China from acquiring American-made technology. The legislation has bipartisan support in both the House and Senate. "It is no secret that China has been working tirelessly to become a global tech leader", said Theresa Payton, former White House Chief Information... [Full Article...]
Trump says Harley-Davidson is using trade tensions as excuse to move
Trump Threatens To Hit Harley-Davidson With Taxes If It Moves Overseas
But Trump says the tariffs are just an excuse and that the company had existing plans to move. Trump said tariffs helped to revive the steel industry which was at the bottom. President Trump has time and again pointed out to the iconic American motorcycle brand, as he pursues a protectionist trade policy, but instead Harley-Davidson seems to be facing the heat, following the retaliatory tariff... [Full Article...]
Trump Softens Threat Of New Curbs On Chinese Investment In US Firms
Interested in Donald Trump? According to a senior administration official, a slew of other options were considered before Trump settled on the use of CFIUS. Bush. On that date, the U.S.is to impose 25% tariffs on $34 billion worth of Chinese high-tech-related imports, with tariffs on another $16 billion in goods due shortly thereafter. [Full Article...]
United States to limit Chinese investment in American tech firms
BEIJING-China and the European Union (EU) agreed Monday to launch a group that will work to update global trade rules to address technology policy, subsidies and other emerging irritants and preserve support for worldwide trade amid U.S. The EU has long blamed China for flooding its markets with cheap steel, and has imposed its own steep tariffs on Beijing . "The rhetoric is getting stronger ra... [Full Article...]
Oil rises on supply losses, US push to isolate Iran
The group, which has been curbing output since 2017, said it would raise supply by returning to 100 percent compliance with agreed output cuts, after months of underproduction, largely due to unplanned disruptions in places including Venezuela and Angola. [Full Article...]
Budget analysts give grim projections for record USA debt
The current record for debt as a share of GDP was set in 1946 when it hit 106 percent. Overall federal spending is projected to rise from the current 19 percent of GDP to 23 percent over the next 30 years, principally due to spending on increasingly costly social programs for retirement, and health coverage for the poorest and elderly. [Full Article...]