Berat Albayrak’s remarks on the currency crisis cap off a week where the lira hit a record low of 7.24.
tariffs
Posted inBusiness, Nation & World, News, Politics
Prospect of progress on China, U.S. trade war lifts stock market
Thursday marked the Dow’s largest gain since April, the latest in a wild week for the market.
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Posted inBusiness
Tariffs will make fixing your car more expensive
Dozens of businesses including Daimler, Hyundai and General Motors have said they already see or anticipate higher prices driving up manufacturing costs or reducing earnings.
Posted inBusiness, Nation & World, News
China retaliates with tariffs on $16 billion worth of U.S. imports
China’s imposition of 25 percent tariffs targeting cars, oil and natural gas is in direct response to U.S. tariffs announced Tuesday.
Posted inBusiness, Nation & World, News, Politics
Trump administration announces more tariffs on Chinese imports
The United States will impose 25 percent tariffs on $16 billion in goods starting on Aug. 23.
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Commerce Department upholds tariffs on Canadian newsprint
The agency does reduce most of them from the initial levels, but the harm is already being done to U.S. newspapers.
Posted inBusiness, Nation & World
U.S. crops ready for picking, but farm workers in short supply
The difficult jobs that last only part of the year don’t appeal to Americans, and as undocumented laborers dwindle, businesses scramble and look to automate.
Posted inBusiness, Nation & World, Politics
Trump pressures China with threat to crank up size of proposed tariffs
The extra U.S. tax on $200 billion worth of imported Chinese goods would rise to 25% from 10% amid a trade war.
Posted inBusiness, Nation & World, Politics
Trump, European Union leaders announce a trade path toward ‘zero tariffs’
The two sides agree to hold off on further tariffs as part of trade talks aimed at averting a crippling trade dispute involving the lucrative automobile market.
Posted inBusiness, Nation & World, Politics
White House plans to give $12 billion in aid to farmers hit by Trump tariffs
It’s the latest sign that growing trade tensions between the U.S. and other countries will not end soon.