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Tag Archives: China

Stocks soar after US delays plans for some China tariffs

And back up goes the stock market. Investors flipped back into buying mode Tuesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. China also said the two sides held discussions on trade overnight and would talk again the next two weeks. The ...

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US delays tariffs on some Chinese goods, drops others

The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning to go ahead with 10% tariffs on about $300 billion in Chinese ...

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How a ‘currency war’ could weaken US economy

President Donald Trump’s trade conflict with China escalated this week when Beijing let its currency fall to its lowest level against the dollar in 11 years and suspended its purchases of U.S. farm goods — and the Trump administration promptly branded China a “currency manipulator.” Trump’s response has little immediate practical impact. But together, the new developments raised the dangerous ...

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Stocks slide as rate cuts stoke fear of an economic slowdown

U.S. stocks tumbled in early trading Wednesday as central banks around the world cut interest rates and increased fears that global growth is being crimped by the U.S.-China trade war. Every major U.S. index fell in the early going, putting stocks back on a course for losses after briefly breaking a six-day losing streak on Tuesday. Investors were back in ...

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US stock indexes slide as China’s currency hits 11-year low

U.S. stocks nosedived in early trading on Wall Street Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and under the politically sensitive level of seven per dollar. A weaker Chinese currency can ...

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China threatens retaliation for Trump’s planned tariff hike

China on Friday threatened retaliation if U.S. President Donald Trump’s planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions. Trump rattled ...

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Stocks slump after Trump raises tariffs on Chinese goods

Stocks dropped sharply Thursday and bond prices spiked after President Donald Trump announced the U.S. will slap a new 10% tariff on some $300 billion worth of goods from China beginning next month. The news erased a broad rally on Wall Street, sending the Dow Jones Industrial Average from a gain of more than 250 points and fell as much ...

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Trump says US to place new 10% tariff on $300 billion in Chinese imports amid slow-moving trade talks, effective Sept 1

President Donald Trump announced Thursday the U.S. will apply a new tariff of 10% on about $300 billion worth of products from China beginning Sept. 1, escalating the two countries’ festering trade dispute. Trump tweeted amid slow-moving talks with China that negotiations will continue. But he blamed China for not following through on stopping the sale of fentanyl to the ...

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China may restrict tech access in spiraling US trade dispute

China is creating a system to protect its technology, according to state media, as the U.S. restricts the access of Chinese companies to American technology in a spiraling trade dispute. The People’s Daily newspaper said Sunday that the system will build a strong firewall to strengthen the nation’s ability to innovate and to accelerate the development of key technologies. “China ...

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Cattle prices falter despite good news

News that China is lifting a 13-year import ban on U.S. beef is not helping prices as much as some cattlemen would have hoped. Brian Williams, agricultural economist with the Mississippi State University Extension Service, said the news has not resulted in any long-term impact on cattle markets. “China was already importing beef from the U.S., primarily on the black ...

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