trade

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China to Impose Additional USD 16 Billion in Tariffs on U.S. Goods

China is imposing another 25% tariff on an additional USD 16 Billion worth of U.S. goods such as fuel, steel products, and auto and medical equipment, said the Chinese Commerce Ministry. The tariffs are set to take effect beginning August 23rd, the ..

Asia Stocks Rise as Wall Street Gains

Asia Stocks Rise as Wall Street Gains

Supported by positive Wall Street earnings, Asian stocks rose on Wednesday. However, trade tensions remained in focus before a meeting of the U.S. and European Commission Presidents.According to Reuters, now that the trade spotlight is on Europe, th..

Tesla Plan to Build Factory in China and Potential Dilemma

Tesla Plan to Build Factory in China and Potential Dilemma

Tesla Inc. (NASDAQ: TSLA) plans to build a new factory in China with the capacity to manufacture 500,000 electric vehicles per year. However, the factory and assembly line will take up to two years to build, according to a Tesla spokesperson.McKinse..

Amazon’s New Moves in the UK Grocery Business are Generating Jobs

Amazon’s New Moves in the UK Grocery Business are Generating Jobs

Amazon.com, Inc. (NASDAQ: AMZN) will add over 2,500 new permanent jobs in Britain this year, increasing its UK workforce to about 28,000, said the U.S. retailer on wednesday.It will include jobs in the head office, research and development, web ser..

China to Cut Auto Import Tariffs

China to Cut Auto Import Tariffs

China announced to make massive cut to auto import tariffs, a move to further open up the world’s largest auto market to international auto makers.China’s Finance Ministry said it will cut import tariffs on some of the vehicles to 15 per..

Fastenal Company Announced First-Quarter Results, Shares Dropped

Fastenal Company Announced First-Quarter Results, Shares Dropped

On Wednesday, Fastenal Company (NASDAQ: FAST) announced its financial results for the first quarter of fiscal 2018. Shares of the company dropped 3.0% in premarket trade today.According to the company, revenue for the first quarter increased 13..

U.S. Stocks Climbed After Chinese Chairman Xi Eases Trade Fears

U.S. Stocks Climbed After Chinese Chairman Xi Eases Trade Fears

U.S. stocks rose on Tuesday after Chinses Chairman Xi Jinping eased concerns about the trade war which has caused panic in the market recently. Reportedly, The Dow Jones Industrial Average rose 369 points, or 1.5%, to 24348. The S&P 500 climbed ..