By Joe Cash and Trevor HunnicuttBEIJING/WASHINGTON (Reuters) -President Donald Trump’s "reciprocal" tariffs on dozens of countries were set to take effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.Trump’s punishing tariffs have shaken a global trading order that has persisted for decades, ...
(Reuters) - Meta Platforms (NASDAQ:META) is planning on spending nearly $1 billion on setting up a data center project in central Wisconsin as part of its investment in artificial intelligence technology, Bloomberg News reported on Friday.Wisconsin in February reached an agreement with an unnamed company using an alias to develop a data center in the state with an expected multiyear investment of ...
(Reuters) -The tech-heavy Nasdaq Composite index confirmed on Friday that it is in a bear market, after a 22.7% fall from its Dec. 16 record close, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.The index ended down 5.8% on Friday, after China announced additional tariffs of 34% on U.S. good ...
By Dawn Chmielewski, David Shepardson(Reuters) -A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President Donald Trump’s reciprocal tariffs announcement, according to two sources familiar with the matter.The deal, the structure of which was largely finalized by Wednesday, according to one of the sources, would h ...