The S&P 500 was trading flat on Friday as Microsoft’s robust results helped offset escalating tariff worries after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China.
Japan’s Prime Minister Shinzo Abe said on Friday imports of Japanese automobiles pose no threat to U.S. national security, vowing to convince President Donald Trump not to impose tariffs that could damage the global economy.
U.S. President Donald Trump on Friday said he was poised to impose tariffs on $500 billion of goods from China, threatening in an interview with CNBC to escalate the current trade clash with the Asian nation.
The Government today said it is concerned about the imposition of additional duties by the US on items from India and has moved the WTO Appellate disputes settlement committee which will hear both sides on July 19 and 20.
The U.S.-driven trade war has become the biggest “confidence killer” for the global economy, China’s foreign ministry warned on Wednesday, saying the whole world would fight back if the United States continued to be “wilful”.
Foreigners withdrew money from Asian bond markets for the third consecutive month in June amid concerns that increasing trade frictions between the United States and China will disrupt the region’s economic growth.
Total global corporate funding in the solar sector touched USD 5.3 billion in the first half of this year, up 15 per cent over last year, amid uncertainty in the industry owing to Trump tariffs and the Chinese subsidy pullback, global consulting firm Mercom Capital Group said.
World stocks rose for a second consecutive week on Friday as investors prepared for an expected run of strong earnings in the United States, although fears about the U.S.-China trade conflict kept gains in check and pushed the dollar higher.
China, the world’s top soybean buyer, can fully meet the needs of its state soybean reserves without importing from the United States, an official with the state stockpiler told state TV.
Stocks and commodity markets regained some poise on Thursday, having suffered wild tailspins in the previous session as the United States ratcheted up trade war threats on China.