President Trump’s recent tweets threatening to escalate his trade war with China sent soybean and corn futures plummeting Monday, in the latest hardship for U.S. farmers
.
The president’s tweets threatening higher tariffs on Chinese goods drove soybean futures to their lowest level in seven months. A Bloomberg index of speculative returns on grain prices plunged to the lowest level since 1977. The ongoing dispute threatens to affect more than just farmers. The trade war between the two largest economies in the world has clouded the economic outlook for the U.S. as well as China, and threatens to curb global growth in an increasingly interdependent financial system.
Belying his own assertions that his trade war has helped the U.S. economy, Trump and his representatives have been working to secure a trade deal with China that would end what the president describes as the lucrative tariffs he put in place. On Sunday, however, the president tweeted his frustration with the pace of negotiations.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trump rises tariffs on Chinese goods as a last ditch before trade talksThe USPresident Donald Trump announced increasing of tariffs on $200 billion of Chinese goods ahead of scheduled talks with China, causing the Asian markets to tumble in early trade on Monday.
Lire la suite »
Before new round of trade talks, Trump says he’ll raise China tariffsPresident Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods before the next round of scheduled trade talks.
Lire la suite »
Trump says he, Putin discussed new nuclear pact possibly including ChinaTrump, speaking to reporters as he met in the Oval Office with Peter Pellegrini, prime minister of the Slovak Republic, also said he and Putin discussed efforts to persuade North Korea to give up nuclear weapons, the political discord in Venezuela, and Ukraine during a call that stretched over an hour
Lire la suite »
Trump's trade fight with China sends Dow plunging 350 pointsStocks slid on Monday in early trading after President Donald Trump threatened over Twitter to hike tariffs on Chinese imports.
Lire la suite »
Tiger Woods will reportedly visit White House on Monday to celebrate Masters win with Donald TrumpDonald Trump, noted golf nut, has reportedly invited Tiger Woods to the White House to celebrate his recent Masters comeback triumph.
Lire la suite »
Trump to present Tiger Woods with Medal of Freedom on MondayWASHINGTON (AP) — President Donald Trump will present the Presidential Medal of Freedom to Tiger Woods next week.
Lire la suite »
Here are the biggest stock-market losers after Trump threatens more tariffsChina is still sending a trade delegation to Washington, but investors panicked Monday morning.
Lire la suite »