Europeans, IMF tell Trump to step back from trade war [Radio Pakistan] 07 Mar, 2018

LONDON (Reuters) - Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his top economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminum.The departure of Gary Cohn, seen as a bulwark against Trump’s economic nationalism, hit shares, oil and the dollar on Wednesday, as investors saw an increased likelihood of tit-for-tat trade measures that would depress global growth.Trump plans to impose a duty of 25 percent on steel and 10 percent on aluminum to counter cheap imports, especially from China, that he says undermine U.S. industry and jobs.

More News

British PM facing potential pincer movement on Brexit

16 Jul, 2018 DailyTimes

Prime Minister Theresa May faces potentially highly damaging attacks from both sides in parliament this week over plans for Britain’s future tra ... Detail

Kabul Explosion Leaves Seven Dead  

16 Jul, 2018 AbbTakk

Kabul Explosion Leaves Seven Dead  Kabul (July 15, 2018): At least seven people were killed and 15 others injured as a suicide attacker blew himself u ... Detail

Trump and Putin test ties in Baltic showdown

16 Jul, 2018 DailyTimes

After months of anticipation, Donald Trump and Vladimir Putin meet Monday to put to the test the US president’s ambition to forge a personal bon ... Detail

Trump Suggests To Sue EU Instead Of Negotiations: May   

16 Jul, 2018 AbbTakk

Trump Suggests To Sue EU Instead Of Negotiations: May   London (January 15, 2018): British Prime Minister Theresa May on Sunday revealed that US Presi ... Detail

China economic growth slows to 6.7% in second quarter

16 Jul, 2018 DailyTimes

Chinese growth slowed slightly in the second quarter as the world’s number two economy faced a snowballing trade fight with the United States.Th ... Detail

Post Your Comments
Type your Comments / Review in the space below.
Name:
Email:
City:
Verify Code