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Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies. Read More

 

Business News

  • Explainer: What tools could Trump use to get U.S. firms to quit China?

    WASHINGTON (Reuters) - Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.".

  • Fed's commitment to act upstaged by Trump's furor

    JACKSON HOLE, Wyo. (Reuters) - Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump.

  • Fed's Powell vs. Trump: who's got a 'feel' for markets now?

    JACKSON HOLE, Wyo. (Reuters) - Donald Trump once accused the Federal Reserve of not having a "feel" for the market and compared Federal Reserve Chair Jerome Powell to a golfer who can't putt, but on Friday it was the U.S. president that drove markets into the rough.

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Economic News

Money News

  • As bond e-trading takes off, debt sales business may be ripe for automation

    LONDON (Reuters) - With banks' bond trading desks increasingly going electronic, another of the last bastions of old-school banking - the business of helping companies and countries raise capital - may be about to succumb to the tide of technology.

  • Powell's speech support U.S. rate-cut bets

    NEW YORK (Reuters) - U.S. interest rates futures rose on Friday as Federal Reserve Chair Jerome Powell said the central bank will do what it can to preserve the longest U.S. economic expansion on record, supporting bets on a further decline in key borrowing costs.

  • U.S. rates futures gain on China's tariff, Fed's Bullard

    NEW YORK (Reuters) - U.S. interest rates futures rose on Friday, erasing their earlier losses after China announced retaliatory tariffs on about $75 billion of U.S. imports, rekindling bets the trade war between the world's biggest economies would not end soon.

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