You join us again to talk about trade wars. First things first, Mellody: are we in one now? As I mentioned in March, a trade war is the tit-for-tat raising of trade barriers – import duties, tariffs, or increased domestic subsidies – between countries. In the last six weeks, we have been moving in that […]
WASHINGTON (AP) — China vowed on Friday to fight the U.S. “at any cost” after President Donald Trump proposed slapping an additional $100 billion in tariffs on Chinese goods in an escalating trade dispute between the world’s two largest economies. Trump’s surprise move Thursday to instruct the U.S. trade representative to consider the additional tariffs […]
Today we are talking about trade. Why is trade on your mind? On Thursday, President Trump announced that his is planning to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum. This news rattled the markets – the S&P fell 1.4% while the Dow shed 1.5% – and had many talking […]
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