Mr Congeniality: Trump says $200bn China tariffs are better than a ‘phenomenal’ trade deal May 10, 2019 US President Donald Trump has issued an impassioned defence of his tariff hike on $200bn worth of Chinese goods, saying they will bring in more wealth than “even a phenomenal” trade deal. Read more: China threatens retaliation as Trump rolls out $200bn tariff hike In a series of tweets, Trump said talks with China were [...]
US-China trade war: China threatens retaliation as Trump rolls out $200bn tariff hike May 10, 2019 China has warned it will strike back at the US after President Donald Trump’s tariff hike on Chinese goods came into force today. China’s commerce ministry said it “deeply regrets” the move, which sees tariffs raised to 25 per cent on goods worth $200bn (£154bn), and said it would take necessary countermeasures. Read more: US-China [...]
US-China trade deficit falls ahead of crunch negotiations May 9, 2019 The US’s trade deficit in goods and services with China decreased in March, in news that will cheer the Trump administration as it prepares to ramp up tariffs on its largest trading partner. Read more: Global markets in tailspin after Trump threatens huge China tariff rise The country's deficit with the rest of the world [...]
Huawei CFO hopes to avoid US extradition after Trump’s ‘corrosive’ comments May 9, 2019 Lawyers for Huawei’s chief financial officer have said she will seek a stay of extradition, citing a string of civil rights abuses including comments made by US President Donald Trump about the case. Meng Wanzhou, who is the daughter of Huawei founder Reng Zengfei, was arrested in Vancouver in December on allegations relating to the [...]
We must not attempt to bring the failed Iran Deal back to life May 9, 2019 The Joint Comprehensive Plan of Action (JCPOA), signed in a fanfare of publicity in 2015 between Iran and six countries, was hailed at the time as the way to curtail Iran’s nuclear ambitions. In exchange for suspending its nuclear programme, Iran would secure massive sanctions relief. The world would be free from the menace of [...]
Tensions mount as Trump and Congress face off over Mueller report May 8, 2019 The political battle on Capitol Hill escalated this evening as Congress sparred with President Donald Trump over access to special counsel Robert Mueller’s full report on Russian interference in the 2016 US presidential election. Read more: Trump says he knows why China U-turned on US trade deal Trump moved to block an effort by House Democrats [...]
Trump claims China stalled on trade deal in hopes of dealing with Democratic president May 8, 2019 US President Donald Trump has claimed that China was seeking to U-turn on the trade deal struck between the two countries in the hope that it could renegotiate with a Democratic president following the 2020 election. Read more: Global markets in tailspin after Trump threatens huge China tariff rise He also said that China's vice-premier [...]
Trump claims tax revelations detailing historic $1bn losses are ‘fake news hit job’ May 8, 2019 Donald Trump has hit back at reports that he lost more than $1bn dollars between 1985 and 1994, saying the fact he was a real estate developer gave him leeway with his taxes. Read more: The art of the deal: Five things we learned from Trump’s tax returns Responding to the publication of his long-sought [...]
The art of the deal: Five things we learned from Trump’s tax returns May 8, 2019 Hours after one of Donald Trump’s closest White House allies, Treasury secretary Steve Mnuchin, formally refused the Democrats’ request for the President’s tax returns late on Monday, the cat was out of the bag. Trump’s much-sought after tax returns reveal massive losses throughout the eighties and nineties for the self-styled master of the deal, topping more [...]
Global stocks continue downwards trend as poor Chinese data adds to trade fears May 8, 2019 Global stock markets have continued to slide today as investors digested the impending increase of US tariffs on goods from China and weaker-than-expected Chinese exports. Read more: Global markets in tailspin after Trump threatens huge China tariff rise The UK benchmark FTSE 100 had fallen 0.4 per cent to 7,234.96 shortly after midday UK time [...]