Tesla halts orders for cars in China
The trade war between the U.S. and China appears to have a taken hold of someone close to president trump… Elon Musk.
The trade war between the U.S. and China appears to have a taken hold of someone close to president trump… Elon Musk.
China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown.
Delta Air Lines is warning investors that the current trade war is causing turbulence for the airline.
President Donald Trump on Wednesday raised tariffs on China to 125%, hours after China boosted taxes on American imports to 84% and vowed to “fight to the end” in an escalating battle that threatens to disrupt trade between the world’s two largest economies.
China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.
Undeterred by a panicked stock market, President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war.
One American automaker is now offering employee pricing on many of its vehicles to all its customers in the U.S.
The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the U.S. economy, Federal Reserve Chair Jerome Powell said Friday.
The U.S. government has banned American government personnel in China, as well as family members and contractors with security clearances, from any romantic or sexual relationships with Chinese citizens, The Associated Press has learned.
The Senate passed a resolution Wednesday night that would thwart President Donald Trump’s ability to impose tariffs on Canada, delivering a rare rebuke to the president just hours after he unveiled sweeping plans to clamp down on international trade.