Trump accuses media of crashing the economy to ruin his presidency amid recession concerns

Trump accuses media of crashing the economy to ruin his presidency amid recession concerns

Donald Trump has once again lashed out at the media, but this time to blame reporters for trying to tank the US economy in a conspiracy to deny him a second term in the White House. The president’s attack comes after Mr Trump delayed imposing some further tariffs on China as the two countries engage in […]

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Trump imposes tariffs on $300bn more Chinese goods in sharp escalation of trade war

Trump imposes tariffs on $300bn more Chinese goods in sharp escalation of trade war

Donald Trump has hit China with tariffs on an extra $300bn (£248bn) worth of imports in a major escalation of the trade war between the two nations that threatens the health of the global economy. The US president’s announcement sent stock markets around the world into a tailspin, with the FTSE 100 dropping 2 per cent within minutes of […]

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Trump announces tariffs on $11bn of EU goods in response to Airbus subsidies

Trump announces tariffs on $11bn of EU goods in response to Airbus subsidies

Donald Trump said the US will impose tariffs on $11bn (£8.4bn) of EU goods including cheddar cheese, aircraft parts and motorbikes, in retaliation for European subsidies supporting Airbus. The US president tweeted on Tuesday: “The World Trade Organisation finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs […]

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Brexit: David Davis says pound crashing after no-deal departure would be ‘not a bad thing’

David Davis says the pound crashing after a no-deal Brexit would be “not a bad thing” – and insists “fear” will force the EU into further compromise. The arch-Brexiteer also branded Theresa May’s deal worse than staying the EU, as he urged MPs to drive a “stake through its heart”, in next week’s landmark vote. […]

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Millions of jobs at risk from continued global trade war, WTO warns

The global trading system could be plunged into crisis and millions of jobs could be lost unless politicians take steps to ease the current tensions simmering between many major economies, the World Trade Organisation has warned. Roberto Azevedo, director-general of the WTO, said in a speech in London that “without action to ease tensions and […]

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New US, China tariffs set to take effect, no compromise in sight

New US, China tariffs set to take effect, no compromise in sight (Reuters) The United States and China are set to impose new tit-for-tat tariffs against each other’s goods on Monday, the latest escalation in a heated trade war between the world’s two largest economies. U.S. tariffs on $200 billion worth of Chinese goods and […]

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Chinese stock markets enjoy best day’s trading in two years as Beijing acts to offset trade war risks

China’s stock markets surged on Friday before a long holiday weekend, with investor sentiment boosted by hopes that a government effort to boost domestic demand could help offset effects of an escalating trade war. Donald Trump escalated tensions between the US and China on Monday when he announced plans to impose tariffs on $200bn (£152bn) […]

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China vows to retaliate over US tariffs ‘blackmail’ as trade war escalates

China has accused the US of “blackmail” as the Trump administration considers more than doubling its proposed tariffs on Chinese goods amid an escalating trade war. President Donald Trump is reportedly considering upping his proposed tariffs on $200bn worth of Chinese goods from 10 per cent to 25 per cent. Chinese Foreign Ministry spokesman Geng […]

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Trump-Juncker meeting: US and EU strike deal to avoid trade war

The US and EU have agreed to try and create an environment of zero tariffs, barriers or subsidies – an undertaking that appears to have averted the prospect of a prolonged trade war between the two groups. In a surprise announcement of the Rose Garden of the White, Donald Trump and European Commission President Jean-Claude […]

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