trade

Dow Jones industrials cross 27,000 points for first time
Mark Lennihan/AP Photo, File
July 11, 2019 - 6:55 pm
By Alex Veiga (AP) — A turbulent day on Wall Street ended in the record books Thursday as the Dow Jones Industrial Average climbed above 27,000 for the first time and the S&P 500 index hit another all-time high. The milestones came on a day when the S&P 500 briefly moved above 3,000 for the...
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President Donald Trump speaks at the "Faith & Freedom Coalition 2019 Road To Majority Policy Conference," Wednesday, June 26, 2019, in Washington.
Evan Vucci/AP Photo
June 26, 2019 - 3:10 pm
By Paul Wiseman WASHINGTON (AP) — President Donald Trump said Wednesday that he's under little pressure to reach a trade deal with China when he meets late this week with President Xi Jinping and is prepared to impose further tariffs on Chinese imports. "The Chinese economy's going down the tubes...
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View of cars at the Volkswagen plant in Puebla, Mexico, on August 27, 2018.
Jose Castanares/AFP/Getty via CNN
June 02, 2019 - 11:34 am
By Veronica Stracqualursi and Donna Borak, CNN (CNN) -- The Trump administration announced Friday that it's ending special trade treatment for India, removing a status that exempts billions of dollars of the country's products from US tariffs. "I have determined that India has not assured the...
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President Donald Trump and Japanese Prime Minister Shinzo Abe
Kiyoshi Ota/Pool Photo via AP
May 27, 2019 - 8:20 am
TOKYO (AP) — President Donald Trump said Monday he is not "personally" bothered by recent short-range missile tests that North Korea conducted this month, breaking with Japanese Prime Minister Shinzo Abe, who is hosting the president on four-day state visit full of pageantry. Standing beside Trump...
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A deepening trade war between the world's two largest economies is bad news for the oil business.
Getty Images via CNN
May 23, 2019 - 4:15 pm
By Matt Egan, CNN Business (CNN) - - A deepening trade war between the world's two largest economies is bad news for the oil business. US oil prices plummeted nearly 6% to a 10-week low of $57.91 a barrel on Thursday as fears about the US-China trade standoff intensify in global financial markets...
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Shoppers walk by foreign fashion boutiques at the capital city's popular shopping mall in Beijing, Monday, May 13, 2019.
Andy Wong/AP Photo
May 13, 2019 - 8:51 am
BEIJING (AP) — Deepening a trade battle and sending financial markets spinning, China announced Monday it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. The Finance Ministry said Monday the new penalty duties of 5% to 25% on...
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Larry Kudlow, President Donald Trump's top economic adviser, said Sunday there is a "strong possibility" Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan.
Nicolas Asfouri/Getty Images via CNN
May 12, 2019 - 12:03 pm
By Sarah Westwood, CNN (CNN) -- Larry Kudlow, President Donald Trump's top economic adviser, said Sunday there is a "strong possibility" Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan next month and said he expects China to retaliate against the US for its increase...
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A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai Monday, May 6, 2019.
AP Photo
May 06, 2019 - 5:14 pm
By Joe McDonald and Paul Wiseman BEIJING (AP) — By threatening to raise taxes on Chinese imports, President Donald Trump is throwing down a challenge to Beijing: Agree to sweeping changes in China's government-dominated economic model — or suffer the consequences. The unexpected ultimatum,...
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Trump’s new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency finds.
Martin Mejia/AP Photo, File
April 18, 2019 - 6:01 pm
By Paul Wiseman WASHINGTON (AP) — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S...
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President of European Central Bank Mario Draghi waits for the beginning of a press conference following the Governing Council meeting in Frankfurt, Germany, Wednesday, April 10, 2019.
Michael Probst/AP Photo
April 10, 2019 - 11:37 am
By David McHugh, Associated Press FRANKFURT, Germany (AP) — The head of the European Central Bank warned that global friction over trade — such as U.S. threats to impose more tariffs — is holding back the economy and underlined the bank's readiness to deploy more stimulus if needed. Mario Draghi...
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