The U.S. raised tariffs from 10 percent to 25 percent on $200 billion of Chinese goods on Friday, prompting a vow from China to implement retaliatory measures.
Bank of America warned clients of a"global recessionary scenario" if a full trade war erupts as tensions between China and the U.S. escalated over the implementation of new tariffs.
Wall Street analysts provided projections for a range of scenarios, including ominous predictions in the event of a full trade war. The three major U.S. stock indices dropped before trading opened on Friday, following President Donald Trump's tweet on Friday morning that"talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products."
Vice President Mike Pence said last week that"President Trump remains very hopeful" about concluding an agreement to solve tensions, and Treasury Secretary had recently called talks between the two nations"productive."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Three trade deal outcomes and what they could mean for the S&P 500: Bank of AmericaAs trade tensions percolate, our call of the day lays out three ways a trade deal might end up, and how that will affect U.S. stocks, from Bank of America...
Weiterlesen »
Senate revives beleaguered export bank after push by TrumpThe Senate agreed to replenish the board of the Export-Import Bank with three Trump appointees, after Republican opponents spent years blocking nominees to lead the trade-finance agency
Weiterlesen »
America raises tariffs on China, and the stakes in a trade warLast week a deal seemed close. Now the fear is of full-blown commercial conflict
Weiterlesen »
Bank of America Considers Scrapping First Data Payments PartnershipBank of America is looking to increase its presence in the lucrative business of connecting merchants and their customers—which could mean ending a venture with First Data
Weiterlesen »
Ford shares jump after Bank of America upgrades the stock to buyFord shares rallied in before the opening bell Friday morning after Bank of America Merrill Lynch upgraded the equity to buy form neutral.
Weiterlesen »
Bank of America brings high M&A hopes to oil patchIts bankers are so keen for client Occidental to prevail with its $38 bln offer for rival Anadarko that chief Brian Moynihan personally called Warren Buffett for help. After losing ground for a decade, BofA’s dealmakers and their new boss Matthew Koder could use the boost.
Weiterlesen »
Donald Trump’s trade war hots upAmerica ratchets up the pressure in its trade war with China
Weiterlesen »
Trade frictions raise questions about China's fentanyl promiseChina has pledged to stem a flood of the synthetic opioid fentanyl onto America&...
Weiterlesen »