China immediately slapped retaliatory tariffs on U.S. imports on Friday after the U.S. imposed duties on $34 billion worth of Chinese products, signaling the start of a full-blown trade war between the world’s two largest economies.
TOKYO (Reuters) - Oil prices inched up in early Asian trading on Monday, with many investors focused on any fallout from the U.S. imposition of tariffs on Chinese goods at the end of last week, which prompted immediate retaliation from China.
SYDNEY (Reuters) - Asian share markets crept higher on Monday following favorable U.S. jobs data, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.
LONDON (Reuters) - China’s yuan will have failed to reverse June’s losses against the U.S. dollar even in a year from now, according to a Reuters poll of foreign exchange strategists that was conducted before the U.S. was due to impose steep tariffs on Chinese exports.
SINGAPORE (Reuters) - Oil prices dipped on Friday as markets grew more nervous ahead of a raft of import tariffs set to be imposed later in the day by the world’s two biggest economies, the United States and China, threatening global growth.
WASHINGTON (Reuters) - U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve’s last policy meeting on June 12-13 released on Thursday showed.