Markets
Trump claims Fed rate hikes hinder U.S. economy

Germany forces more than 1,000 Tesla owners to forgo electric vehicle bonus

US Dollar Sinks as President Trump Hits Fed on Hikes
Trump . President Donald Trump has threatened tariffs on all Chinese goods imported by the US. After the interview, Trump reiterated criticism of planned interest-rate hikes by the Federal Reserve, saying in a Twitter post that tightening policy would diminish any USA advantage in trade and exacerbate losses from "BAD trade deals". [Full Article...]
Trump threatens tariffs on $500 billion of Chinese imports
Additionally, Business Insider reports that "manufacturers from China's Jiangsu and Hebei provinces, who have reportedly produced hundreds of "Make America Great Again" hats, have said the cost of their product is likely to spike due to impending tariffs". [Full Article...]
Microsoft beats 4Q expectations as annual revenue tops $100 billion

Trump amps up criticism of Fed interest rate rises
The dollar relinquished gains from earlier in the day and Treasury yields dropped following the president's remarks. Most economists believe the Fed's current policy of raising interest rates is sound monetary policy given USA consumer price inflation is at an annual rate of 2.9% and the unemployment rate was at 4% in June. [Full Article...]
Donald Trump threatens tariffs on all $505 billion of Chinese imports
The US$500 billion figure is about the value of Chinese goods imported into the USA previous year. In the same interview, taped on Thursday at the White House, Trump broke with a long-standing tradition at the White House and voiced displeasure about recent actions at the US Federal Reserve. [Full Article...]
Oil down on record USA output, stock build
