Businesses warn Trump of consequences of new Mexican tariffs
Despite pushback from U.S. business, Mexico and Capitol Hill, President Donald Trump is doubling down on his threat to slap a 5% tariff on Mexican imports unless America's southern neighbor cracks down on Central American migrants trying to cross the U.S. border.
How Trump's Mexico threat imperils his own economic agenda
President Donald Trump's vow to impose new tariffs on Mexican imports risks sabotaging not just his drive to forge more favorable trade deals but also a U.S. economy that he says has strengthened under his watch.
The U.S. Justice Department is preparing an investigation of Alphabet Inc's Google to determine whether the tech giant broke antitrust law in operating its sprawling online businesses, two sources familiar with the matter said.
from Reuters: Business News https://reut.rs/2QEqCq5
Labor Tensions Fade at Southwest Airlines but Rise at American Airlines
American, the world's largest airline, has become embroiled in a labor dispute that looks a lot like one that broke out at Southwest earlier this year.
The U.S. Justice Department is preparing an investigation of Alphabet Inc's Google to determine whether the tech giant broke antitrust law in how it operates its sprawling online businesses, two sources familiar with the matter said.
from Reuters: Business News https://reut.rs/2Kendxa
The Possible Upside the Market Is Missing in GE and Siemens
Both companies are, for understandable reasons, being cautious with regard to assumptions over gas turbine demand. But what if they're being too pessimistic?
The U.S. Justice Department is preparing an anti-trust investigation of Alphabet Inc's Google, the Wall Street Journal reported on Friday, citing sources.
from Reuters: Business News https://reut.rs/2Kq0Ipl
Johnson & Johnson told to pay $300M in talc powder lawsuit: reports
Johnson & Johnson will reportedly launch an appeal after they were ordered Friday to pay $300 million in punitive damages to a woman who alleged that her cancer associated with asbestos was triggered by the company’s talc powder.
China factory activity falls contracts in May amid dispute
China's factory activity fell into contraction territory in May amid an ongoing trade dispute with the U.S. that has seen higher tariffs slapped on Chinese exports.
China's President Xi Jinping and U.S. President Donald Trump are likely to find it "difficult" to make major progress toward ending their countries' trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday.
from Reuters: Business News https://reut.rs/2KelAiX
Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines - from chardonnays to zinfandels - out of warehouses in the city's free trade zone before they are hit with an extra tariff that kicks in on Saturday.
from Reuters: Business News https://reut.rs/2I6BUzI
U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting much higher until the flow of people ceases.
from Reuters: Business News https://reut.rs/2Xj3qjM
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers.
from Reuters: Business News https://reut.rs/2I80CQi