trade war

BRUSSELS  | European and Asian leaders to boost ties, trade, security

BRUSSELS  — After failing to reach a breakthrough on Britain’s divorce terms from the European Union, EU leaders are rolling straight into another summit Thursday, this one aimed at forging closer links with Asia. The Asia-Europe meeting that starts Thursday night with a dinner attended by Belgian King Philippe will bring together 30 European leaders … Continue reading BRUSSELS  | European and Asian leaders to boost ties, trade, security

WASHINGTON | Trump imposes tariffs on $200B more of Chinese goods

WASHINGTON — The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires. The tariffs will start at 10 percent, beginning Monday of next week, and then rise … Continue reading WASHINGTON | Trump imposes tariffs on $200B more of Chinese goods

FRANKFURT, Germany | ECB’s Draghi: Trade war chief worry for global economy

FRANKFURT, Germany — The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region’s growth. But its president, Mario Draghi, warned that the United States’ trade dispute with several major powers has become a key economic concern. The chief monetary authority for … Continue reading FRANKFURT, Germany | ECB’s Draghi: Trade war chief worry for global economy

NEW YORK | US stocks climb ahead of China trade talks; Walmart surges

NEW YORK — U.S. stocks are surging Thursday morning as China and the U.S. prepare to hold their first trade discussions in months, a potential sign of progress toward ending the trade war between them. Walmart is surging after the retailer said its sales climbed in second quarter. KEEPING SCORE: The S&P 500 index climbed … Continue reading NEW YORK | US stocks climb ahead of China trade talks; Walmart surges

SINGAPORE | Stocks drop after Trump says he’s ready to step up trade war

SINGAPORE — World stock markets fell sharply Friday after U.S. President Donald Trump said he was prepared to put new tariffs on all Chinese imports, escalating the rhetoric in a trade war that could hit global economic growth. KEEPING SCORE: From being up slightly earlier in the day, European indexes were trading lower. Germany’s DAX … Continue reading SINGAPORE | Stocks drop after Trump says he’s ready to step up trade war

WASHINGTON | Fed says trade war downturn could pose challenges

WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that the central bank has tools it can use to cushion the potential economic fallout from a trade war. But he told Congress the effort could be challenging if higher tariffs push inflation up too sharply. If the retaliatory tariffs imposed by other countries slowed U.S. … Continue reading WASHINGTON | Fed says trade war downturn could pose challenges

BRUSSELS  | European bank officials caution on trade war impact

BRUSSELS  — Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains “broadly on track” but expressed concern that rising trade protectionism could dampen business confidence and blunt the recovery. The assessment was contained in the written account of the bank’s June 14 policy meeting where … Continue reading BRUSSELS  | European bank officials caution on trade war impact

NEW YORK | Stocks sink as trade war heats up with new tariff threats

NEW YORK — Global stock indexes are falling Wednesday after the Trump administration released a list of $200 billion in goods that could be hit with tariffs and China said it would to retaliate. In the U.S., industrial companies and basic materials makers are taking some of the worst losses. KEEPING SCORE: The S&P 500 … Continue reading NEW YORK | Stocks sink as trade war heats up with new tariff threats