Markets

These everyday items are set to get more expensive because of the trade war

President Donald Trump is proposing new 25% tariffs on Chinese imports. A hearing on the proposals starts in Washington on Monday. The US Chamber of Commerce said in written testimony that the new tariffs would “dramatically expand the harm to American consumers, workers, businesses, and the economy.” Furniture, lighting products, […]
These everyday items are set to get more expensive because of the trade war
Markets

IMF: Clouds over the global economy are ‘darker by the day’

Christine Lagarde warned that trade tensions are leading to clouds accumulating on the horizon of the global economy which are “getting darker by the day.” “The clouds on the horizon that we have signalled about six months ago are getting darker by the day, and, I was going to say, […]
IMF: Clouds over the global economy are ‘darker by the day’
Markets

CHART: Australia’s Bluescope Steel and the new tariffs in the US

One-third of Bluescope Steel’s underlying earnings, about $549 million a year, come from the US where President Donald Trump says he will impose a 25% tariff on foreign steel. Bluescope hasn’t commented yet on the announcement, nor explained the impact of the tariffs, but the company, with the backing of […]
CHART: Australia’s Bluescope Steel and the new tariffs in the US
Markets

US Steel surges after new reports Trump will announce tariffs

US Steel spiked Thursday after reports suggested President Donald Trump is ready to impose tariffs on imported steel and aluminium. A tweet from Trump Thursday morning appeared to show his support for tariffs. Shares gained last week after a Bloomberg News report said Trump favoured the strongest of three tariff […]
US Steel surges after new reports Trump will announce tariffs
Tech

Countries agree to cut tariffs on $US1.3 trillion in tech products

Tariffs on technology products representing 10% of world trade – around $US1.3 trillion a year, will be phased out over the coming years, after an agreement was reached at the World Trade Organisation conference in Nairobi. According to the Department of Foreign Affairs and Trade, Australia imports more than $21 […]
Countries agree to cut tariffs on $US1.3 trillion in tech products