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News Highlights: Top Global Markets News of the Day

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07/11/2018 | 07:16am CEST
Fresh Tariffs Make Markets Tremble 

Stocks fell across Asia after the U.S. threatened 10% tariffs on $200 billion in Chinese goods. Both the Shanghai Composite and Hong Kong's Hang Seng retreated by 1.3%, while Japan's Nikkei lost 1.4%.

U.S. Unveils Tariffs on $200 Billion More in China Imports 

The White House said it would assess tariffs on a further $200 billion in Chinese goods, deepening the dispute with Beijing, while sending a message to European trading partners that the U.S. won't back away from trade fights.

China Says U.S. Escalating Trade Friction 

The U.S. is escalating trade friction with China by looking to place tariffs on an additional $200 billion worth of Chinese goods, said Li Chenggang, an assistant minister of China's Ministry of Commerce, at a forum on Wednesday.

China Considering Measures to Offset Impact From U.S. Tariffs 

China is considering measures to offset the negative impact from U.S. tariffs, a member of the Chinese central bank's monetary policy committee told Xinhua News Agency on Wednesday, after the White House unveiled additional tariffs overnight.

As Trump Arrives, Europe Frets Over His Designs on Postwar Global Order 

European leaders await President Donald Trump's visit this week with a big question, Simon Nixon writes. Does he want to reform the multilateral system underpinning the West's security and prosperity-or destroy it?

SEC Brings Insider-Trading Suit Against Former Executive 

Regulator's civil complaint says former Heartland Payment CEO Robert Carr gave corporate details to a romantic partner.

As Trade Tensions Grow, 'Reshoring' of U.S. Supply Chains Sputters 

Report says imports of manufactured goods have been growing faster than U.S. output for years despite push to bring back American production.

Factory Workers' New Perk: Job Security 

A yearslong decline in the number of layoffs is providing a renewed level of job security to factory workers, who had seen their ranks thin since the late 1970s.

Deciphering Brexit: Q&A on the Latest Twists and Turns 

British Prime Minister Theresa May's administration is in upheaval as top ministers quit over her negotiating strategy.

Cabinet Clash Only First Test for U.K.'s New Brexit Strategy 

The resignation of two British ministers in response to Prime Minister Theresa May's proposal for a future relationship with the European Union suggests even tougher tests between now and March 29, when Britain is due to leave the EU.

Stocks mentioned in the article
ChangeLast1st jan.
CHINA-SHANGHAI COMP -0.35% 2788.44 End-of-day quote.-15.86%
HANG SENG -0.21% 28122.75 Real-time Quote.-4.68%
NIKKEI 225 0.43% 22794.19 Real-time Quote.-0.74%
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