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Tariffs have hit confidence, to slow US economy, says Fed's Williams

Friday, December 7, 2018, 9:14 AM

Higher trade tariffs have had a "relatively small" effect on the economy so far but they have hurt confidence and some business investments, which hurts U.S. employment and economic growth, Federal Reserve Bank of New York President John Williams said on Thursday. "That's a negative for jobs in the short run...and a factor that slows the economy relative to what it could be."
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U.S. to impose new duties on Chinese aluminium sheet products

Thursday, November 8, 2018, 3:56 PM

The decision marks the first-time that final duties were issued in-a-trade remedy case initiated by U.S. government since 1985. The Trump administration has promised a-more-aggressive approach to trade enforcement by having the Commerce Department launch more anti-dumping and anti-subsidy duties on behalf of private industry. A worker checks aluminium rolls at a-warehouse inside an industrial park in Binzhou, Shandong province, China April 7, 2018.
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Alibaba's Jack Ma calls US-China trade war "most stupid thing"

Tuesday, November 6, 2018, 7:27 AM

The US-China trade-war is "most stupid thing in this world," Jack Ma, chief of Asia's most valuable public company, Alibaba Group Holding Ltd, said. The two-countries have set tariffs on hundreds of billions of dollars of each other's goods and US President Trump has threatened to slap tariffs on remainder of China's $500 billion-plus exports to US if the trade dispute cannot be resolved.

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