A third source who had direct knowledge of the administration’s thinking said the tariffs, associated with a “Section 301” intellectual property investigation, under the 1974 U.S. Trade Act begun in August last year, could come “in the very near future.”
The west’s leading economic thinktank has warned Donald Trump that a trade war prompted by US protectionism threatens to derail a recovery in global growth, which has reached its highest level in seven years.
SYDNEY (Reuters) - Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U.S. President Donald Trump agreed to a meeting that could come before May.
TOKYO (Reuters) - Global stocks and the dollar slumped on Wednesday after a strong White House advocate for free trade resigned, fanning fears that President Donald Trump will proceed with protectionist tariffs and risk a trade war.
Italy's stock market slid on Monday following the country's unclear election outcome,
steel tariffs could signal trouble for Nafta?
The US economy “remains strong”, the Federal Reserve chairman, Jerome Powell, told Congress on Tuesday as he signaled the central bank is on course to carry on gradually increasing interest rates in the coming months.
At this point, it’s more likely a matter of when -- not if -- the 10-year Treasury yield hits 3 percent. And that apparent inevitability raises a pressing question: How to trade when it happens?
The Board decided to leave the cash rate unchanged at 1.50 per cent.
The interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.