Trump Says US Is In a Trade War With China Already
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Global stock markets fell after China banned certain U.S. shipping firms. Treasury Secretary Scott Bessent said: “If they want to slow down the global economy, they will be hurt the most.” Asian and European indexes all dropped on the news,
Asian equities mostly followed Wall Street higher overnight as Mainland China's STAR Market and Korea outperformed, while the Philippines and Hong Kong's Hang Seng Tech Index underperformed. Mainland China's markets reopened for the first time since September 30th,
Oil prices edged lower on Wednesday, as investors weighed the International Energy Agency's prediction of a supply surplus in 2026 and trade tensions between the United States and China that could curtail demand.
Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. Earlier, markets in Asia dropped.
The Wharton finance professor said if the levies are lifted, the market is likely to pass new milestones.
Stocks ended mostly lower Tuesday as the resumption of U.S. trade tensions with China outweighed strong third-quarter results from several big banks.
U.S. stocks respond to China trade tensions and the big banks get the third quarter earnings season into gear.
Wall Street rebounds as Treasury warns of China tensions; banks report strong earnings amid trade uncertainties.
President Donald Trump faced pressure from 26 conservative groups to reject U.K. intellectual property reforms they said could undermine American patents.
Oil prices fell on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency's warning of a supply surplus in 2026 and U.S.-China trade tensions that could curtail demand.
President Donald Trump announced Friday he would implement new 100% tariffs on imports from China starting next month in response to what he called "aggressive" moves by China regarding export controls. In a social media post, Trump said the new tariffs would take effect Nov. 1.