By Joe Cash, Andrea Shalal and Sudip Kar-GuptaBEIJING/WASHINGTON/BRUSSELS (Reuters) - U.S. President Donald Trump’s sudden decision to pause most of the hefty duties he had just imposed on dozens of countries brought relief to battered global markets and anxious European leaders, even as he ratcheted up a trade war with China. Trump’s turnabout, which came less than 24 hours after steep new ta ...
Investing.com-- U.S. stock index futures remained sharply lower Thursday after the release of relatively benign inflation data, as investors continued to fret about the escalation in the Sino-U.S. trade war.At 04:50 ET (08:50 GMT), Dow Jones Futures dropped 600 points, or 1.5%, S&P 500 Futures fell 113 points, or 2.1%, and Nasdaq 100 Futures declined 490 points, or 2.6%.March CPI wea ...
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 ...