Friday, 2 March 2018

Daily Investor Update: 'Trade wars are good,' Trump says, defying global concern over tariffs

'Trade wars are good,' Trump says, defying global concern over tariffs

WASHINGTON (Reuters) - U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminum triggered threats of retaliation from trading partners and a slide in stock markets.

Ford Motor Co warns Trump metal tariffs may hike commodity prices

WASHINGTON (Reuters) - Ford Motor Co said on Friday that U.S. President Donald Trump's announced steel and aluminum tariffs could boost domestic commodity prices and harm the "competitiveness of American manufacturers."

Stocks, dollar tumble on global trade war fears

NEW YORK (Reuters) - World equity markets slid further and the U.S. dollar dropped to its lowest in more than two years against the yen on Friday as concern over protectionism added to investor uncertainties about rising inflation and the outlook for U.S. interest rates.

Outlook for Fed: Cloudy with chance of trade war

WASHINGTON (Reuters) - The Federal Reserve digested the Trump administration's massive tax cuts and plan to boost spending with barely a hiccup, but Washington's sudden push for steep tariffs on steel and aluminum imports could saddle the U.S. central bank with the worst of both worlds - rising inflation and a slowing global economy.

Rust-belt Democrats praise Trump's threatened metals tariffs

WASHINGTON (Reuters) - Republican President Donald Trump's market-jolting promise to slap heavy U.S. tariffs on steel and aluminum imports has earned him praise from an unusual quarter - Democratic lawmakers.

Canada taking nothing for granted about tariff exemption: source

MEXICO CITY (Reuters) - Canada is taking nothing for granted when it comes to a possible exemption from U.S. tariffs on steel and aluminum, especially given President Donald Trump's approving comments about trade wars on Friday, a well-placed Canadian source said.

Wall Street falls, on track for weekly losses on trade war fears

(Reuters) - The Dow and S&P 500 fell on Friday and were on track for weekly losses as investor anxiety built over a possible global trade war following President Donald Trump's threat to impose import tariffs on steel and aluminum.

BlackRock poses tough questions to gunmakers and sellers

BOSTON (Reuters) - Asset manager BlackRock Inc said on Friday it is pressing gunmakers and weapons retailers in its portfolios to explain how they monitor firearm sales and use, and it is studying the creation of new index-based portfolios that would exclude gunmakers and retailers.

Europe targets U.S. bourbon, bikes, blue jeans for trade riposte

BRUSSELS (Reuters) - Europe has drawn up a list of U.S. products from bourbon to Harley Davidson motorbikes on which to apply tariffs if U.S. President Donald Trump follows through on a plan to impose global duties on aluminum and steel.

WTO chief makes rare warning of trade war over U.S. tariff plan

GENEVA (Reuters) - World Trade Organization Director General Roberto Azevedo expressed concern at U.S. President Donald Trump's plan for tariffs on steel and aluminum on Friday, an extremely rare intervention into a WTO member's trade policy.

Norway's Hydro issues force majeure notice at Brazil alumina plant

March 2 (Reuters) - The world's largest alumina refinery in Brazil, Alunorte, has declared force majeure after authorities ordered it to halve its production over fears of water contamination, its owner Norwegian Norsk Hydro said on Friday.

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