Investing.com-- Chinese companies selling products on Amazon (NASDAQ:AMZN) are considering price hikes or exiting the U.S. market entirely as President Donald Trump’s latest tariff hike delivered an "unprecedented blow," Reuters reported on Thursday citing the head of China’s largest e-commerce association.Trump announced on Wednesday that tariffs on Chinese imports would rise to 125%, up ...
By Liz Lee, Andrea Shalal and Susan HeaveyBEIJING/WASHINGTON (Reuters) - U.S. President Donald Trump’s stunning decision to pause most of the hefty duties he had just imposed on dozens of countries brought relief for battered global stock markets on Thursday, even as he ratcheted up a trade war with China. Trump’s turnabout on Wednesday, which came less than 24 hours after steep new tariffs ki ...
Investing.com-- U.S. stock index futures fell sharply Thursday, reversing earlier gains as investors fretted about the escalation in the Sino-U.S. trade war, even as U.S. President Donald Trump announced a 90-day pause on most reciprocal tariffs.At 04:20 ET (08:20 GMT), Dow Jones Futures dropped 520 points, or 1.3%, S&P 500 Futures fell 95 points, or 1.7%, and Nasdaq 100 Futures decl ...
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 ...