President Trump heralded a tentative trade deal with Mexico on Monday as a big win for his get-tough trade policies, which he said put Canada on the spot to start its own negotiations with the U.S. or face higher tariffs on autos.
U.S. and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict, but there was no evidence that the low-key discussions would halt a new round of U.S. tariffs due on Thursday.
The United States and China escalated their acrimonious trade war on Thursday (Aug 23), implementing punitive 25 percent tariffs on US$16 billion worth of the other’s goods.
Stock markets hit a new all-time high Tuesday as they approached the longest bull market in modern history, despite President Trump’s recent statements on trade and monetary policy that have unnerved some business leaders.
Global dividends jumped 12.9 percent year-on-year in the second quarter to $497.4 billion, hitting a new record, according to a report on the Janus Henderson Global Dividend Index.
U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.
China said Wednesday it will impose a 25-percent tax on hundreds of U.S. products, the latest retaliation in a trade war that’s raising anxiety among American farmers and other businesses about their prospects for the rest of the year.
The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, in a bid to pressure Beijing into making trade concessions, a source familiar with the plan said on Tuesday.
At least four incidents of Christian persecution were reported from the former Soviet country of Uzbekistan this week. According to an analysis and report researched and written by Fernando Perez for the World Evangelical Alliance – Religious Liberty Commission, a Christian woman was beaten into concussion, another woman was fined $1,465 by a court for giving the New Testament to a child, a Christian man was threatened with axe attack by a police official and another man was assaulted by police.