Shares of global automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to impose tariffs on imports from Mexico, potentially upending a global manufacturing business model established decades ago.
Global equities tumbled and safe-haven sovereign bonds surged Friday after President Donald Trump's unexpected threat of tariffs on Mexican goods added to fears that escalating trade wars will push the U.S. and other major economies into recession.
U.S. stocks fell on Friday after President Donald Trump's shock threat of tariffs on Mexico fueled fears that escalating trade wars could push the world's largest economy into recession.
U.S. President Donald Trump said on Thursday a tariff of 5% would be imposed on all goods coming from Mexico, increasing gradually each month until it reaches 25% on Oct. 1, unless Mexico takes immediate action to curb illegal immigration.
Mexico's president on Friday urged his U.S. counterpart, Donald Trump, to back down from threats to slap tariffs on Mexican goods entering the United States, in a dispute over migration that could create a major economic shock for Mexico.
Mexico's president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico's economy.
The United States raised the pressure on Western allies in a war of attrition over next-generation networks on Friday, saying countries that allow China's Huawei to build their telecoms infrastructure could be cut off from crucial intelligence data.
An increase in Chinese tariffs on most U.S. imports on a $60 billion target list took effect as planned on Saturday, with Beijing retaliating against Washington's escalation in the trade war between the world's two largest economies.
Less than two years after completing its first successful Crowdcube campaign, Cool Cold Brew, a UK-based healthier chilled coffee drinks brand, has returned to the equity crowdfunding platform to raise a minimum of £100,000. As previously reported, Cool Cold Brew was launched in 2010 by founder,... Read More
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The U.S. Federal Reserve's hesitance to react to world trade tensions may have been dealt a fatal blow Friday by President Donald Trump's surprise announcement of new tariffs on Mexico, levies that could slam investment and business confidence and leave little doubt the administration's combative stance is here to stay.
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