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Trump tariff vow drives choppy day for markets
European markets closed lower on Tuesday while Wall Street bounced as investors digested incoming US president Donald Trump’s warning that he would impose huge new tariffs on China, Mexico and Canada, raising fears of a trade war.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners with tariffs …
US lawmakers warn Hong Kong becoming financial crime hub
US lawmakers have urged the government to rethink banking ties with Hong Kong, citing its “increasing role” in money laundering, sanctions evasions and reported funneling of banned technology to Russia.The bipartisan US Select Committee on the Chinese Communist Party called Monday on outgoing President Joe Biden’s treasury secretary to reevaluate Hong Kong’s unique trade privileges, …
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Stocks, dollar mixed on Trump tariff warning
Choppy trading hit stock markets on Tuesday as investors digested Donald Trump’s warning that he would impose huge new tariffs on China, Mexico and Canada when he takes over as US president in January.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners with tariffs in a bid …
China’s Huawei unveils ‘milestone’ smartphone with homegrown OS
Chinese tech giant Huawei on Tuesday unveiled its first smartphone equipped with a fully homegrown operating system, a key test in the firm’s fight to challenge the dominance of Western juggernauts.Apple’s iOS and Google’s Android are currently used in the vast majority of mobile phones, but Huawei is looking to change that with its newest …
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Stocks retreat, dollar mixed on Trump tariff warning
Stock markets retreated and the dollar was mixed Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada immediately on taking over as US president in January.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners in response to the illegal drug …
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