US and European stock markets wobbled Wednesday as key US inflation data showed an uptick, with traders also weighing US President-elect Donald Trump’s tariff threats and a political standoff in France.Wall Street saw red with both the Dow and S&P 500 retreating from records on the eve of the Thanksgiving holiday. The Nasdaq also declined.European …
Stock markets waver as traders weigh Trump tariffs, inflation Read More »
Mexico said Wednesday the United States will be shooting itself in the foot if President-elect Donald Trump implements his threats to impose 25-percent tariffs on Mexican imports.Trump on Monday fired the warning shot in a looming trade war with the top three US trading partners by threatening to impose huge tariffs on Mexico, Canada and …
Mexico says Trump tariffs would cost 400,000 US jobs Read More »
France does not get to decide whether a free trade deal between the EU and South America’s Mercosur bloc goes ahead — only Brussels does, Brazilian President Luiz Inacio Lula da Silva said on Wednesday.Lula added firmly: “I intend to sign this agreement this year.”Brazil’s position, stressed by Lula in a speech on Brazilian industry, …
Brussels, not Paris, will decide EU-Mercosur trade deal: Lula Read More »
European stock markets mostly retreated Wednesday on concerns Europe could be the next tariffs target for US president-elect Donald Trump, who has announced a tough-negotiating hawk as his trade envoy.Trump plans to hit China, Canada and Mexico with hefty tariffs from January.”Investors are growing increasingly concerned that Donald Trump’s next tariff target is continental Europe,” …
