In a stock market filing, the company said the EU’s reaction to Donald Trump’s steel tariffs, which will add $2,200 (£1,657) to the average price of a motorcycle exported from the US to Europe, will cost up to $100m over the next couple of years.
President also tells partners to drop tariffs, or else
Asian markets fall 1%
Trump’s latest threat against China has hit European markets.
Shares are down across the region in early trading, with Britain’s FTSE 100 and Germany’s DAX both losing 0.6%.
In the latest escalation of the trade war Trump has decided to take aim at Chinese investments. A draft series of restrictions on inbound Chinese investments are due to be published later this week, in a move which could have great long-term consequences on the US – Sino economic relationship.
Once again details remain very sketchy, with the scope of such a measure still under discussion. It is now very difficult to get away from the fact that neither side has any intention of backing down in this game of economic “chicken”.
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The twin initiatives, set to be announced by the end of the week, are designed to prevent Beijing from moving ahead with plans outlined in its “made in China 2025” report to become a global leader in 10 broad areas of technology.
#FTSE100 called -40pts at 7642 with oil lower after OPEC, GBP flat and metals lower on multiple trade war threats pic.twitter.com/0cPHmsh8Zx
The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A. Trade must be fair and no longer a one way street!
Michael Grimm and Dan Donovan will fight to gain votes from Trump fans in Greater New York’s only conservative stronghold
New York spawned Donald Trump, but since his rise to the presidency the city has come to feel like an independent state, a world away from the obsessions of the man in the Oval Office.
Once, it was a sign of peace. Now the child-catcher in chief is turning it into a weapon
Next Thursday is national handshake day, in the US at least – a day no one observes, or if they do, no one notices. Handshakes are boring, right? Men in suits, sealing a deal. Politicians playing for the camera. The escape hatch of awkward Britons, unsure whether two kisses are called for, or a kiss and a hug, and then bottling it altogether. Who cares? I’ll tell you – I care. As a teen, my social goals revolved around attaining an elaborately choreographed, best friends’ handshake – practised yet insouciant, a finger-slapping, synchronous back and forth with over-the-shoulder detail, and explosive sound effects. It is still all I want, and I have widened the remit to include it in my relationship and career goals, too.
Originally, the handshake was a greeting that allowed parties to check no one had a dagger up their sleeve. (Imagine life in the old days: “Great to see you! You’re not going to stab me, are you? Let’s drink, and slosh wine between our cups, to check we’re not trying to poison each other. Nice to catch up.”) The latest research suggests handshaking is a way to assess sexual compatibility and competition, as we frequently sniff our hands after shaking. I think I would find a dagger less unsettling.
Cigarettes sold in US, Europe and elsewhere contain leaf produced in tough conditions by children, impacting school and life chancesChild labour in tobacco is rampant
Adult film actor to be interviewed in New York about Donald Trump’s former personal attorney, says source
Stormy Daniels will meet federal prosecutors in New York on Monday as part of their investigation into the president’s former longtime personal attorney Michael Cohen, a source familiar with the matter has said.
Monday’s interview with prosecutors from the US attorney’s office in Manhattan is in preparation for a possible grand jury appearance as they work to assemble a case against Cohen, the person said.
Interview with Rabbi Shmuley Boteach first since racist tweet caused Roseanne cancellationRoseanne Barr has given an emotional interview, saying she feels remorse for the racist
Opposition has not conceded defeat, with counting of ballots still underway Recep Tayyip Erdoğan has claimed victory in Turkey’s presidential election, but the opposition has
