Trump Says U.S. Trade Deal With China Is Done
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Furniture and bedding from China have been among the top areas where higher tariffs on goods from China have begun to impact consumer prices, according to a new chart from TD Securities. Other areas,
Despite a weaker US dollar, Asian equities were off overnight on growing chatter of a coming Middle East crisis and Trump’s tariff threat reiteration.
PARIS/LONDON (Reuters) -Negotiators representing French cognac producers suggested minimum prices for exports to China of between $20 and around $300 per litre as an opening bid in talks aimed at ending a tariff stand-off with China, a document seen by Reuters shows.
(Reuters) -U.S. Commerce Secretary Howard Lutnick said on Wednesday that the 55% tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries.
As President Donald Trump on Wednesday announced progress on trade negotiations with China, Wall Street continues to ask questions on how much tariffs the nation’s retail chains can handle.
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Shares of Oxford Industries were falling Thursday after the company slashed its fiscal-year outlook due to increased tariff costs, leading analysts to caution investors about the challenging economic environment.
The potential stunting of innovation follows an economic slowdown during the coronavirus pandemic, when companies also had to put projects on hold. Some experts think the on-again-off again tariffs may have more enduring consequences because they rewire markets and upend business strategies.