×

Economic Measures Trade

  • WASHINGTON/ FRANKFURT/ BEIJING, June 21- An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim- Germany's auto sector. The first test of whether a tariff war will indeed start comes on July 6, the date on which Trump has threatened to enact the first portion of duties...

  • *India to raise tariffs on range of farm, steel products. NEW DELHI, June 21- India, the world's biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against President Donald Trump's tariff hikes on steel and aluminium. New Delhi, incensed by Washington's...

  • And the highest-stakes fight still looms: In two weeks, the United States is to start taxing $34 billion in Chinese goods. The tit-for-tat conflict between the United States and China— the world's two largest economies— is poised to escalate from there. "We oppose the act of extreme pressure and blackmail by swinging the big stick of trade protectionism," a...

  • June 21- ICE cotton futures settled up in narrow range trading on Thursday, as investors remained cautious after a sharp selloff earlier in the week amid worries of a trade war between the United States and China- the world's biggest cotton exporter and top consumer, respectively. *China's Commerce Ministry on Thursday accused the United States of being "...

  • German automaker stocks falling on tariff tensions

    CNBC's Phil LeBeau reports on Daimler, BMW and Volkswagen shares falling due to tariff tensions with the E.U. and China.

  • JSW USA CEO: We are in lockstep with the president on trade

    John Hritz, JSW USA president and CEO, announces that the global parent company will be investing $1 billion to restore a steel plant in Ohio following the steel and aluminum tariffs levied by the U.S. government.

  • India hits back at US with higher import duties

    CNBC's Seema Mody reports on how India is reacting to U.S. trade actions.

  • Silver Oak Cellars CEO on trade impact on wine

    David Duncan, Silver Oak Cellars president and CEO, discusses how trade tensions with China are affecting the domestic wine industry, as well as how they are wooing wine-drinking millennials.

  • Trump's tariffs very harmful to American consumers, says expert

    Sara Fagen, DDC Public Affairs partner, and Jimmy Pethokoukis, American Enterprise Institute fellow, discuss whether Trump's trade negotiation tactics with China are effective in combating intellectual property theft.

  • We want to be a stock picker for the rest of the year, portfolio manager says

    Quincy Krosby, Prudential Financial chief market strategist, and Sandy Villere, Villere Balanced Fund co-portfolio manager, discuss how to approach the market amid global trade tensions.

  • FRANKFURT, June 21- Germany's Daimler cut its 2018 profit forecast and BMW said it was looking at "strategic options" because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry. Daimler said late on Wednesday that import tariffs on cars exported from the United States to China would hurt sales of...

  • OTTAWA, June 21- Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said. Canada is considering whether to penalize companies from countries that have caused it...

  • LONDON, June 21- European shares ended the day deep into the red after an early bounced on Thursday, shaken by the appointment of eurosceptics at key positions in the Italian parliament and after German carmaker Daimler warned higher tariffs would hit profits. The autos sector fell 3.5 percent, its biggest loss in about two years, while the pan-European STOXX 600...

  • GENEVA, June 21- Japan has launched a complaint at the World Trade Organization to challenge South Korean anti-dumping duties on Japanese stainless steel bars, a WTO filing showed on Thursday. Japan said a South Korean "sunset review" had concluded the duties should stay in place, but South Korea had failed to make the case that prolonging the duties would comply...

  • JAPAN LAUNCHES COMPLAINT AGAINST SOUTH KOREA AT WORLD TRADE ORGANIZATION OVER ANTI-DUMPING DUTIES ON JAPANESE STAINLESS STEEL BARS- WTO FILING.

  • *India to raise tariffs on range of farm, steel products. NEW DELHI, June 21- India, the world's biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against President Donald Trump's tariff hikes on steel and aluminium. New Delhi, incensed by Washington's...

  • Market is sending a message on trade and the dollar, strategist says

    Tobias Levkovich, Citi chief U.S. equity strategist, and Liz Ann Sonders, Charles Schwab chief investment strategist, discuss the market impact of global trade tensions.

  • U.S. stocks are closing lower as investors sold car makers and technology companies on fears the growing U.S.- China trade dispute will hurt earnings. General Motors lost 2 percent and Tesla fell 4.1 percent Thursday after German automaker Daimler lowered its profit forecast, partly because of planned Chinese tariffs on cars imported from the U.S.

  • BRUSSELS/ FRANKFURT June 21- Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a "tit-for-tat" trade war grew as Europe readied retaliatory tariffs against the United States. Auto stocks sank to a nine-month low on European markets after Daimler cut its 2018 profit forecast and German...

  • *Loonie touches its weakest since June 22, 2017 at C $1.3336. The price of oil, one of Canada's major exports, fell as crude exporters in OPEC appeared to be nearing a deal to. U.S. stock index futures dipped as the impact of an ongoing trade spat between the United States and China began to appear in company earnings forecasts, while a media report said Beijing could...