The United Statesis “opening fire” on the world with its threatened tariffs, China warned today, saying no one wants a trade war but it will respond the instant U.S. measures go into effect as Beijing ramped up the rhetoric in the heated dispute.
A modelby economists at Pictet Asset Management in London reckons a 10 percent tariff on U.S. trade fully passed on to the consumer could tip the global economy into a state of stagflation and knock 2 and a half percent off corporate earnings.
U.S. President Donald Trumpagain accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher and urged the oil producer group to do more. Trump has been complaining about OPEC at the same time that Washington is piling pressure on its European allies to stop buying Iranian oil.
Iran could reduce its co-operation with the U.N. nuclear watchdog, President Hassan Rouhani told the body’s head, after he warned Trump of “consequences” of fresh sanctions against Iranian oil sales.
britain
When Trump visits Britain next week,Prime Minister Theresa May will have to face a harsh reality: Brexit makes Britain more dependent than ever on an alliance with the most unpredictable U.S. president in living memory.
Across the Pond: How many days have different UK and U.S. leaders spent in the U.S. and UK? A Reuters graphic looks at the numbers: https://tmsnrt.rs/2No3omh
10:19 AM - July 5, 2018
Britain’s so-called ‘special relationship’with the United States was one of the most enduring alliances of the 20th Century, though Brexit and Trump have raised questions about its future. Read our Factbox on how the United States and Britain compare on key measures.
There was much bonhomie as a few dozen people, including members of Congress and U.S. administration officials, gathered last week for dinner in a posh Washington neighborhood in honor of Qatar’s foreign minister.
Singapore’s anti-trust body proposed fines on ride-hailing firms Grab and Uber, provisionally finding that their merger had reduced competition and suggesting remedies such as the sale of their car-leasing businesses.
Twenty years ago, Seth Goldman succeeded in his years-long quest to find an after-run drink that was tasty, yet low in sugar and calories. His Honest Tea is now ubiquitous in stores. For the latest in the Reuters series “Life Lessons,” Goldman shared more advice on his strategies in business and in life.
How do you teach a child to swim, and scuba dive, in a dark cave? That’s what rescue teams in Thailand are trying to figure out as they weigh their options for bringing the junior soccer team to safety: https://reut.rs/2tWGzOw
