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Economic Report: U.S. trade deficit soars 12% in March as coronavirus slams exporters and tourism
The U.S. trade deficit widened by almost 12% in March as the coronavirus pandemic caused massive disruptions in commerce, grounded international flights and froze the global tourism industry......»»
Oil prices are bouncing despite warnings that global energy demand in 2020 is set to slump 7 times more than during the financial crisis
Petty Officer Third Class Aidan Cooney/US Coast Guard Oil prices rose on Thursday despite a forecast by the IEA showing an expected 6% fall in global energy demand in 2020. The International Energy Agency said on Thursday in a statement: "Energy de.....»»
Coronavirus: Latest Trump travel ban shrinks Orlando’s tourism pipeline
The Orlando travel industry continues to feel a growing share of the economic brunt of the global coronavirus outbreak. The White House is set to expand President Donald Trump’s 30-day Europe travel ban to include the United Kingdom and Ireland, acco.....»»
World travel may shrink 25% on coronavirus in 2020, shed 50 million jobs - WTTC
The coronavirus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year, Asia being the most affected continent, the World Travel and Tourism Council said on Friday......»»
Trump travel restrictions are "bad for business": CMC markets analyst
A London market analyst says President Donald Trump's decision to restrict travel between the U.S. some European nations sent out "a dire message" that the international coronavirus outbreak would result in a "huge global crisis.".....»»
U.S. blames "state actors" for shocking oil markets, pleads for calm
The Trump administration on Monday accused "state actors" of touching off an historic slump in global oil prices, and urged Russia's ambassador to the United States to consider the importance of calming the markets......»»
The U.S. is losing big-spending foreign tourists — and Trump"s one reason why
The U.S. has fallen as a global destination. Visitors may be miffed by Presi.....»»
After China trade deal, Europe and UK next on Trump"s to-do list
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships......»»
After China trade deal, Europe and U.K. next on Trump"s to-do list
U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships......»»
U.S. slowdown deepens as economic growth slips to 1.9 percent pace in third quarter
Trump promised at least 3 percent growth a year, an annual pace he has yet to achieve. Consumers are still spending, but businesses have pulled back sharply as the trade war and global tensions escalate......»»
Key Words: Christine Lagarde says Trump is hurting global economic stability
Christine Lagarde, former head of the International Monetary Fund, says President Donald Trump is responsible for many of the risks facing the global economy, and warns that the rise of nationalism is not the answer to economic fears......»»
The US share of world exports is slipping, and Trump"s China spat has led to an "alarming" slump in global trade
REUTERS/Svitzer/Handout America's share of global exports has slid over the last year, as the trade war has taken its toll on global trade according to Pantheon Macroeconomics. The economics firm said in a note that America's trade defici.....»»
Trump arrives in France for G-7 summit amid global tensions
The president arrived Saturday morning for the international summit following his announcement of larger tariffs on China......»»
Stocks slip on Trump"s warning to China; sterling"s slump carries on
A gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began with a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower......»»
Asia shares up on policy easing hopes, yuan slips on PBOC signals
Asian shares were slightly higher on Friday on expectations global central banks will soon embark on an easing cycle in the face of international trade frictions and fears of a world recession......»»
Stocks slump on Trump Mexico tariff threat
Stocks tumbled worldwide and U.S. government bond yields tested new 20-month lows after a White House threat to slap a 5% tariff on Mexican goods added to concerns punitive measures will slow the global economy......»»
Wall St. slump continues on U.S.-China trade uncertainty
U.S. stocks lost ground again on Thursday, as conflicting comments on trade talks from President Donald Trump and Beijing reinforced investor nervousness that a lengthy battle could be in the offing and harm global growth......»»
Global stocks climb on muted trade hopes, dollar slips
World equity markets rebounded on Friday from the previous day's sharp fall, after U.S. President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal......»»
Global shares, oil slump after Trump vows China tariff hike
Global financial markets tumbled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal in the midst of negotiations, saying he would hike U.S. tariffs on Chinese goods this week......»»
Asian stocks retreat from eight-month high as Trump opens new trade war front
Asian shares slipped from eight-month highs on Wednesday as the International Monetary Fund lowered its global growth outlook and as the United States and Europe locked horns over tariffs in a fresh escalation of trade tensions......»»