Category Archives for "Money"

China strikes back at United States with higher tariffs on American goods – CNN

More trade war news.

From the article:

London (CNN Business) China is striking back at the United States as the trade warbetween the world’s two biggest economies continues to escalate.
Beijing said Monday that it will raise tariffs on $60 billion worth of US goods on June 1.
The move follows Friday’s increase in US tariffs on $200 billion worth of Chinese exports from 10% to 25%. The Trump administration moved to turn up the pressure on Beijing after months of trade talks failed to produce a breakthrough.

Source: China strikes back at United States with higher tariffs on American goods – CNN

Dow futures point to 500-point drop at the open after China retaliates with tariff hikes

Trade War is ON!

Let’s see who blinks first.

From the article:

Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.
The Dow Jones Industrial Average traded down 457 points, while a 2.3% drop in the tech sector pushed the S&P 500 down by 1.5%. The Nasdaq Composite dropped 2.2%.

Source: Dow futures point to 500-point drop at the open after China retaliates with tariff hikes

Trump Blow Up US-China Relations, Trade War Ensues

Trump Blow Up US-China Relations, Trade War Ensues 1

Donald Trump lays down his law by placing increased tariffs on $250 billion of Chinese goods. China will return the favor.

NOBODY wins in a trade war. But Trump isn’t smart enough to know this. It’s just another big fat tax you get to pay when you shop.


Source: Trump Xi trade war: Trump defiant as trade penalties kick in, warns China there is more to come – The Washington Post