US President Donald Trump’s top economic adviser Gary Cohn is resigning, the White House has said. It is the latest in a series of high-profile departures from President Trump’s team. There has been speculation that Mr Cohn, a supporter of free trade, was angered by Mr Trump’s plans to impose tariffs on aluminium and steel … Read more
US President Donald Trump is launching a campaign to pinpoint nations and goods responsible for his country’s huge trade deficit. It’s a protectionist warning shot directed at trade partners like China and Germany. Top administration officials said Donald Trump would issue a pair of executive orders on Friday “aimed at rooting out the causes and … Read more
Germany’s influential weekly news magazine Der Spiegel has come under fire for a cover image showing US President Donald Trump beheading the Statue of Liberty. Some German newspapers criticised the cartoon, while the German vice-president of the European Parliament called it “tasteless”. The cartoonist, Edel Rodriguez, said the image represented “the beheading of democracy”. US-German … Read more
The dollar struggled to regain its poise on Wednesday after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage, adding to a risk-off mood that also kept stocks subdued. The U. S. currency suffered its worst January in three decades after President Donald Trump complained that every … Read more
U. S. stocks fell on Tuesday, dragged down by economic growth-sensible sectors, amid disappointing earnings and continued concern over the priorities of the Trump administration. Technology and financials were the sectors that weighed the most on the S&P 500 while healthcare helped cut losses. U.S. President Donald Trump met with top executives from some of … Read more
U. S. stocks extended losses in late morning trade on Tuesday, weighed down by technology and industrial stocks, amid disappointing earnings and weak consumer confidence data. The selling comes a day after Wall Street suffered its worst day of 2017, as investors turned wary about the consequences of President Donald Trump’s isolationist policies such as … Read more