The Donald Trump administration slapped tariffs on roughly $110-billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy.
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Donald Trump and Emmanuel Macron’s governments have struck a deal to end a feud over France’s tax on some tech giants, the French president said.
US President Donald Trump said China has asked to restart trade talks, hours after Beijing’s top negotiator publicly called for calm in response to a weekend of tit-for-tat tariff increases that sent global stocks plunging.
Mark Carney has laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a libra-like virtual one.
Huawei Technologies expects US export restrictions to reduce annual revenue at its consumer devices business by about $10-billion.
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The US will extend for another 90 days a narrow set of exemptions that had protected rural networks and other US customers from a ban on doing business with China’s Huawei Technologies.
The relationship between Donald Trump and the largest US technology companies has often been frosty but a common opponent – France’s plan to tax US tech giants – will bring the two sides together, at least temporarily.
Trump pushed back on media reports this weekend that the US commerce department is poised, as soon as Monday, to renew Huawei Technologies’ temporary general licence to buy supplies for the US.