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Tag Archives: Donald Trump

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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Huawei expects no relief from US sanctions but is confident

The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs because of the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology. Ren Zhengfei also said he doesn’t want relief from U.S. sanctions if it requires China to make concessions in a tariff war, ...

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Tech and financial stocks help drive US stocks higher

Stocks marched broadly higher on Wall Street in early trading Monday, building on solid gains for the market after a rally late last week. Technology stocks accounted for a big share of the gains after the U.S. gave Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmaker Nvidia rose 4.8%. Financial stocks also rose as ...

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US recession fears stalk markets as stocks fall again

Global stock markets fell sharply again Thursday after Wall Street endured its worst day of the year as recession fears in the U.S. and around the world escalated. Investors across financial assets have been gripped by developments in the U.S. bond market. On Wednesday they focused on the fact the yield, or interest rate, on the benchmark 10-year Treasury bond ...

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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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‘Let our voices be heard’: March against immigration raids

CANTON — The children of Sacred Heart Catholic Church streamed out into Mississippi’s heat on a blistering Sunday afternoon, carrying what they said was a message of opposition against immigration raids their parents could not. “I will not sit in silence while my parents are taken away,” read a sign carried by two Hispanic boys. They were among a group ...

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Immigration raids to have long-term effects on poultry towns

Effects of the largest immigration raid in at least a decade are likely to ripple for years through six Mississippi small towns that host poultry plants. A store owner who caters to Latino poultry plant workers fears he will have to close. A school superintendent is trying to rebuild trust with the Spanish-speaking community. And the CEO of a local ...

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Largest U.S. immigration raids in a decade net 680 arrests in Mississippi

U.S. immigration officials raided numerous Mississippi food processing plants Wednesday, arresting 680 workers, most of whom are Latino, in what marked the largest work-place sting in at least a decade. The raids, planned months ago, happened just hours before President Donald Trump was scheduled to visit El Paso, Texas, the majority-Latino city where a man linked to an online screed ...

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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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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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