U.S. retailers will be front and center on Wall Street next week as the United S...
SAN FRANCISCO - U.S. retailers will be front and center on Wall Street next week as the United States imposes new tariffs on $300 billion worth of Chinese imports, including clothing, televisions and jewelry.
The upcoming tariffs on Chinese goods will hit consumers more directly than duties already levied against $250 billion worth of imports. Retailers are scrambling to cut costs and find ways to minimize the damage to their bottom lines, while Wall Street analysts try to identify those best positioned to weather the taxes.
The U.S. government is set impose tariffs on the newest list of products starting Sept. 1, with tariffs on about half of those goods delayed until Dec. 15 in a bid to soften their impact on holiday shoppers. President Donald Trump last week upped the tariffs to 15% from an originally planned 10%. Trump’s aggressive stance and often mixed signals in his trade war with China have taken a toll across Wall Street in recent weeks, especially on the shares of companies that rely heavily on the world’s second-largest economy.
Wall Street rallied on Thursday after China's commerce ministry said both sides were discussing the next round of talks. Still, since Aug. 1, when Trump announced the September tariffs, the SPDR S&P Retail ETF (
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Markets Right Now: Stocks open broadly higher on Wall StreetStocks are opening broadly higher on Wall Street, putting the market on track for a big weekly gain following four straight weeks of losses.
Consulte Mais informação »
China denies visa, expelling Wall Street Journal reporterChinese authorities have declined to renew the press credentials of a Beijing-based Wall Street Journal reporter, effectively expelling a journalist who extensively covered President Xi Jinping and Communist Party politics. The de facto expulsion Friday of Singaporean reporter Chun Han Wong comes one
Consulte Mais informação »
Wall Street stalls to end weak August as China tariffs loom ahead of U.S. holidayWall Street ended the week with a lackluster session on Friday as investors were...
Consulte Mais informação »
Asian markets sink after Wall Street recoveryBEIJING (AP) — Asian stocks declined Thursday following Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension. Market benchmarks in Shanghai, Tokyo and Hong Kong...
Consulte Mais informação »