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Tag Archives: China

Huawei asks court to throw out US telecom funds ban

SHENZHEN, China — Chinese tech giant Huawei is asking a U.S. federal court to throw out a rule that bars rural phone carriers from using government money to purchase its equipment on security grounds. The lawsuit announced Thursday is Huawei Technologies Ltd.’s second legal challenge this year to Trump administration efforts to reduce its already minimal U.S. market presence. The ...

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With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump’s trade war with China. After that, no one — not even the Fed itself — seems sure what it will do. The economic landscape looks too hazy ...

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Stocks move broadly higher on hopes for US-China trade talks

Stocks marched broadly higher in afternoon trading on Wall Street Thursday, driving the Dow Jones Industrial Average to a gain of more than 300 points. Investors were holding out fresh hope that new talks between the U.S. and China set for September can lead to progress in the nations’ ongoing trade war. That spurred the rally, which was on track ...

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US stocks fall sharply as US-China trade war escalates

Stocks tumbled on Wall Street after President Donald Trump said he “hereby ordered” U.S. companies to consider alternatives to doing business in China. He also said he would respond to Beijing’s latest tariff increase later Friday. The Dow Jones Industrial Average sank nearly 500 points after the president made the announcements on Twitter. Trump also said he was “ordering” UPS, ...

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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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