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The probe is being conducted under Section 301 of the Trade Act of 1974, the same unfair trade practices statute Trump invoked to impose tariffs of up to 25% on some $370 billion worth of Chinese ...
U.S. markets were closed Monday for the Martin Luther King Jr. Day holiday. Japan's benchmark Nikkei 225 slipped 0.1% in morning trading to 38,951.77. Australia's S&P/ASX 200 gained 0.5% to 8,392.80.
It was released just days after U.S. President Donald Trump took off ... American firms in China fearful of US-China trade turmoil at 5-yr high, survey shows. Casey Hall. ... USA TODAY Sports.
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
By the end of August 2023, Yang Huiyan, Country Garden's largest shareholder and China's richest woman two years previously, had seen her personal wealth decline by 84%, around US$28.6 billion. [73] On 30 August, Country Garden warned it was on the "brink" of default in a filing to the Hong Kong Stock Exchange, according to The Washington Post ...
August 8: The Office of the United States Trade Representative published its finalized list of 279 Chinese goods, worth $16 billion, to be subject to a 25% tariff from August 23. [84] [119] [120] In response, China imposed 25% tariffs on $16 billion of imports from the US, which was implemented in parallel with the US tariffs on August 23. [121]
Looking back to the US trade war with China during Trump's first term, Fed researchers noted a persistent decline in S&P 500 returns after each tariff announcement. "These stock-market price ...
The United States International Trade Commission (USITC or I.T.C. [3]) is an agency of the United States federal government that advises the legislative and executive branches on matters of trade. It is an independent, bipartisan entity that analyzes trade issues such as tariffs and competitiveness and publishes reports.