, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession.
The President also said he was ordering the US Postal Service and private companies like FedEx, Amazon and UPS to search packages from China for the opioid fentanyl and refuse delivery."The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP.
Wall Street plunged in a broad sell-off on Friday as China and the US traded their latest salvos, spooking investors and erasing slight gains following a generally positive speech by Powell. The CBOE Volatility index, a gauge of market anxiety, jumped 3.85 points to 20.49, its highest reading in a week.
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US companies 'hereby ordered' by Trump to look for alternatives to ChinaStocks tumble on Wall Street as President Donald Trump tweets that US companies should immediately start looking for an alternative to doing business in China after Beijing announced a series of retaliatory tariffs.
Source: abcnews - 🏆 5. / 83 Read more »
Trump calls on American companies to abandon China | Sky News AustraliaPresident Donald Trump has furiously responded to China's decision to impose new retaliatory tariffs on American goods.\n\nIn a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States instead.\n\nEarlier, China announced retaliatory hikes on more than $100 billion of American products. \n\nHowever, the president cannot compel American companies to abandon China and he gave no detail on how he might proceed with any such order.\n\nPresident Trump tweeted: 'Our country has lost, stupidly, trillions of dollars with China over many years”.\n\nImage: News Corp Australia
Source: SkyNewsAust - 🏆 7. / 78 Read more »