Trade war looms after Beijing retaliates against U.S. with tariffs
The United States and China appeared to be inching closer to a trade war after Beijing revealed it would be retaliating against Washington with tariffs of its own on American goods. NBC News’ Janis Mackey Frayer and Aaron Gilchrist break down China’s rapid-fire retaliation to President Trump’s tariffs.
China faces a “toxic combination” of deflation and devaluation which Japan did not experience. It may be a sign of greater ...
China’s economy has been sluggish in recent years, and tepid consumer appetites and concerns about the property market remain ...
China's stocks and currency came under pressure as markets returning from a week-long break were greeted by a new trade ...
Unlike Canada and Mexico, China hasn't yet announced retaliatory tariffs after Trump unveiled his long-awaited levies on ...
China has entered into more than 30 bilateral currency swap agreements since December 2008. As of May 15, 2015, the total value of effective currency swap agreements was RMB 2.9 trillion (US$ ...
Asian equities rebounded, and tariff talk became more bark than bite for Canada and Mexico as the U.S. dollar fell.
Global stocks fell on Wednesday, after disappointing earnings from Alphabet knocked Wall Street futures, while the dollar ...
China extended its support for the yuan by setting its daily reference rate for the managed currency at a level stronger than 7.2 per dollar, as escalating trade tensions with the US add to the ...
Donald Trump's decision to impose tariffs on imports from Canada, Mexico, and China led to a steep drop in bitcoin and ...
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HSBC cuts Philips’ currency transactions in ChinaNetting’ cut Philips’ cross-border transactions from 4,000 yearly to just one a month. HSBC has launched a cross-currency netting solution in China that helped Koninklijke Philips NV — known globally ...
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