Asian stocks gained at the open after a volatile session in the US, snapping a global selloff from concerns President Donald Trump’s trade war will hurt economic growth. US equity-index futures rose in early trading. Shares in Japan and Australia advanced along with equity-index futures for the S&P 500 and the Nasdaq 100, both gaining … Read more
US President Donald Trump’s tariffs on Canada, China, and Mexico drew criticism from investor Warren Buffett, who called the move an “act of war.” Trump announced the tariffs on Monday, stating they would take effect Tuesday. Canada and Mexico, he said, cannot avoid them. The tariffs, which take effect on Tuesday, are expected to impact … Read more
For the first two decades of the 21st century, many consumer products on America’s store shelves got less expensive. A wave of imports from China and other emerging economies helped push down the cost of video games, T-shirts, dining tables, home appliances and more. Those imports drove some American factories out of business, and they … Read more