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The falls followed a bloodbath session in Asia, where some indices lost as much as 4% during the day.
Chinese officials blasted the decision by President Trump to impose tariffs against the import of Chinese goods.
Even in a mild trade war, the US could see its GDP growth shrink and become the slowest-growing major economy, according to Macquarie.
Trump just slammed China with tariffs on $50 billion worth of goods in a move that ‘could escalate into a global trade war’
President Donald Trump on Thursday announced restrictions on more than $50 billion worth of Chinese exports, escalating a trade fight between the US and China.
President Trump will announce new tariffs on $50 billion worth of Chinese goods on Thursday.
President Donald Trump is expected to announce tariffs on $60 billion worth of Chinese goods ranging from electronics to kid's toys by Friday.
Paul Ryan jokes that Guinness beer tastes better in Ireland, but ‘this isn’t the year to bring up trade issues’
"The Guinness does taste better in Ireland, but I realize this isn't the year to bring up trade issues," Paul Ryan said, alluding to Donald Trump's tariffs.
U.S. President Dona...
43 top economists were polled on Trump’s latest big policy — not a single one said it would help Americans
43 top economists were asked whether President Trump's new tariffs on steel and aluminum were good for Americans. not a single one said yes.
President Donald Trump wants to use an investigation into Chinese intellectual property theft to impose large tariffs and trade restrictions, per a new report.