Investing.com-- U.S. stocks fell sharply Thursday after investors digested relatively benign inflation data amid continuing concerns over the escalation in the Sino-U.S. trade war.At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average dropped 855 points, or 2.1%, the S&P 500 index fell 130 points, or 2.4%, and the NASDAQ Composite declined 465 points, or 2.7%.March CPI weaker than expectedD ...
By Maggie FickLONDON (Reuters) -U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients.Trump excluded them from his announcement of sweeping import tariffs last week, but in recent weeks he introduced tariffs on raw ingredients and supplies fro ...
NEW YORK/LONDON (Reuters) - Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario, even formal restrictions.More than half a dozen senior bankers and advisers told Reuters they are bracing for European Union governments and companies to do more busi ...
U.S. Donald Trump ratcheted up a trade war with China even as he did an about turn on steep new reciprocal tariffs on most trading partners on Wednesday.Trump hiked the tariff on Chinese imports to 125% from the 104% level that kicked in on Wednesday.Beijing may again respond in kind after slapping 84% tariffs on U.S. imports on Wednesday to match Trump’s earlier tariff salvo. It has repeatedly ...