Scotch Whiskey Makers Alarmed by Mooted US Tariff Hike
Scotland’s whiskey makers rang alarm bells on Friday over a proposed hike to a damaging 25% tariff the U.S. administration imposed as part of its trade standoff with Europe.
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Trade
Online Shopping a Steep Learning Curve for Cuba
Cuba’s catch-up with the world of e-commerce, encouraged by its communist rulers during the coronavirus lockdown, has left many users angry.
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Stocks Edge Up, Helped by Rosy Remarks on Trade With China
Markets posted minor gains on Tuesday, overcoming initial jitters over a U.S.-China trade deal that proved to be less a dead albatross and more of a possum.
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Trump Goes 180 After Trade Adviser Stokes Investor Fears on China
Tensions with China again have taken the forefront of investors’ minds over the Covid-19 pandemic, with conflicting statements from the Trump administration whipsawing markets.
Read moreWith China & US on the Outs, EU Wades In
Top European Union officials were holding talks Monday with Chinese President Xi Jinping and Premier Li Keqiang at a time of rising tensions between major trading partners over the fallout from the coronavirus crisis and Beijing’s increasing control over Hong Kong.
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Trump Crony’s Gas Deal Reignites Conflict-of-Interest Concerns
On the campaign trail a year before his election, Donald Trump boasted in a radio interview that his real estate holdings in Istanbul could influence U.S.-Turkish foreign policy as president.
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Wall Street Loses Some Zip Thanks to Mounting Job Loss, Trade Gap
U.S. markets flattened on Thursday, capping a four-day rally, as unemployment and trade deficits both rise.
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In Test of Trump, China Says US Lacks Power to End Trade Status
China brushed off the threat that the United States will end a designation that gives Hong Kong’s special trading privileges, saying Thursday that such a sanction would violate World Trade Organization rules.
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Rising Dow Shows Markets Are Sitting Out Police Protests
As Main Streets across America burn, on Wall Street markets continue to rally.
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Rocky Road Seen Ahead for UK After Brexit
The Great Divorce between the United Kingdom and the European Union has been messy and agonizing, and it could get even messier as the two sides struggle to come up with a long-term divorce settlement over such critical areas as trade, law, security, border controls and fishing boundaries.
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First June Dow Opening Comes With Tiny Dip
Coming off a positive May, Wall Street looks to continue its successes in June, even as relations with China sour.
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Hong Kong-China Tensions Rattle Investors Ahead of Holiday Weekend
The chasm in Chinese-American relations deepened on Beijing’s move to further curtail Hong Kong’s autonomy, and markets have taken notice.
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Early Promise of Covid-19 Vaccine Sends Stocks Soaring
In a remarkable turnaround for Wall Street, investors rallied Monday around news of a potentially successful vaccine for Covid-19.
Read moreChina Promises ‘All Necessary Measures’ Against Huawei Rules
China’s commerce ministry says it will take “all necessary measures” in response to new U.S. restrictions on Chinese tech giant Huawei’s ability to use U.S. technology, calling the measures an abuse of state power and a violation of market principles.
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China Asks US to ‘Meet Halfway’ After Trump Threat
China on Friday urged the United States to meet it halfway and strengthen cooperation in the fight against the coronavirus pandemic after President Trump threatened to sever bilateral ties.
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Head of World Trade Organization Quitting Early
The head of the World Trade Organization said Thursday he will leave his post a year early, a “personal decision” that sets the stage for a succession contest at the trade body amid lingering U.S.-China tensions and a coronavirus pandemic that has strangled the global economy.
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Historic Unemployment Leaves Its Mark on Wall Street
Markets worldwide suffered on Thursday as unemployment due to Covid-19 continue its downward spiral and trade tensions with China increase.
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Burgundy Winemakers Say French Aid Not Enough to Offset Trump Tariffs
Burgundy winemakers in eastern France on Tuesday gave a thumbs down to the government’s package of financial relief for lost sales from the 25% tariff imposed by US President Donald Trump.
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Stocks Stay Flat Amid Mixed Messages on Trade With China
Wall Street is betting on an eventual resolution to escalating tensions between the United States and China, in spite of conflicting statements out of the Trump administration.
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Trade Gap Jumped Nearly 12% as Pandemic Shut Down Economy
The U.S. trade deficit expanded by 11.6% in March, when the Covid-19 crisis forced lockdowns across the country and brought commerce to a grinding halt.
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