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The lira surged 7% after Turkey hit back at US ‘attacks’ by slapping American cars, alcohol, and tobacco with huge tariffs
American automobiles will now be subject to a tariff of 120%, while alcohol will have a 140% tariff rate. The levy on leaf tobacco is at 60%.
A ship that was waiting off the coast of China for over month has docked on Monday at the Chinese port of Dalian and has been offloading its soybean cargo worth over $20 million, Reuters reported.
President Trump says he’s having dinner with Apple CEO Tim Cook, praises him for ‘investing big dollars in U.S.A.’
Apple CEO Tim Cook has been a prominent critic of Trump Administration policies with which he disagrees, including immigration and trade.
Turkey's currency plunged to fresh all-time lows against the dollar Friday after President Donald Trump announced in a tweet that he would double tariffs on aluminum to 20% and on steel to 50%.
ROUND 2: US, China announce newest round of tariffs as Trump’s trade war shows no sign of slowing down
The Trump administration announced that the US will impose a 25% tariff on an additional $16 billion worth of Chinese goods starting August 23. China replied with a tariff on US goods of equal size and scope. The move and countermove are the latest in the growing trade war between Trump and China.
China is preparing a counterattack to Trump’s latest tariff threat as the trade war continues to escalate
China on Friday said it would impose retaliatory tariffs on about $60 billion worth of US goods if the Trump administration continued to escalate a trade war between the two countries.
Trump's contrast between putting "America first" and concern for foreign workers recalls his previous attack on Koch, in which he labeled him a "globalist."
Trump could more than double his proposed tariffs on $200 billion of Chinese goods — and China is preparing to strike back against US ‘bla...
After a handful of quiet days in President Donald Trump's trade war, it looks as if a further escalation may be on its way following reports that another round of tariffs on China could be announced imminently.
Apple CEO Tim Cook says that President Trump's plan to levy tarrifs on China could backfire on American consumers.
Soybean prices jumped Tuesday on the prospect of easing trade tensions, heading for the longest streak of gains in nearly a year.