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GOLDMAN SACHS: Staying away from these 20 stocks could help you avoid the pain of Trump’s trade war with China
Goldman Sachs says investors should stay away from these 20 companies that will be hit the hardest by rising tariffs and interest rates.
A trade war between the US and China has been heating up for much of this year, and it could continue to escalate. That could have serious consequences for both countries' economies.
Trump is pulling the US out of an obscure 144-year-old treaty to take a shot at China in the trade war
President Donald Trump pulled the US out of the Universal Postal Union treaty, a 144-year-old postal agreement with 192 member countries. The target of the move appeared to be Trump's new rival: China.
President Donald Trump's tariffs on steel and Chinese goods are starting to impact the bottom line of major automakers like BMW, Ford and Honda. BMW exports form South Carolina have taken a dip following the China tariffs, while Ford and Honda are losing millions from the steel tariff.
President Donald Trump warned on Thursday there was much more he could do that would hurt China's economy further, showing no signs of backing off an escalating trade war with Beijing.
In a move influenced by a larger company-wide restructuring effort, Ford plans to cut jobs from the company's global salaried workforce. According to The Detroit News, Ford employs 86,000 workers in the US and 202,000 people globally.
China's government has hit out at the Trump administration, accusing the US president of "bullying" over his aggressive tactics in the trade conflict between the two nations and saying it will "rise up" should things escalate further.
Trump is planning a big change to your gasoline as a boost for one of the states hit hardest by his trade war
President Donald Trump is set to visit Council Bluffs, Iowa, on Tuesday. Trump is expected to announce changes to fuel standards that would increase the use of ethanol in a boost to Iowa corn farmers designed to counteract the damage from Trump's trade war.
Walmart, Gap, and Coca-Cola are among the companies who say they will be forced to raise prices because of Trump's tariffs on foreign imports.
The US trade deficit increased in the month of August due to a nosedive in exports, especially soybeans. The trade deficit with Canada also increased. President Donald Trump has made the reduction of the trade deficit one of the key goals of the tariffs and trade war policy.