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Economy Premium

Trump alienates allies needed for a trade fight with China

China’s predatory trade behavior is threatening sectors much more vital than steel and aluminum

Corporate News

US manufacturers touted by Trump count the costs of his tariffs

CHICAGO: When Donald Trump became president last year he vowed to make American manufacturing giants, such as Harley-Davidson and Caterpillar great again. But a year later, the two companies stand to take a hit from his policies.

Business

UBS warns of ‘deep trade war’

SINGAPORE: Raw materials are at great risk as Donald Trump’s White House prepares to pull the trigger on tariffs. UBS Group AG warned metals to energy prices will be hurt should US levies spark a global trade war, while commodity powerhouse Australia forecast only a damaging race to the bottom.

Business

Lagarde says nobody wins a trade war

IMF chief says US import tariffs could hit global growth

Business

US weighs broad curbs on Chinese imports, takeovers

Move to punish Beijing for alleged theft of intellectual property

Business

Market down on threat of global trade war

Local bourse seen to trade range-bound this month

Markets

S&P ends down slightly as US talks tariff exemptions

NEW YORK: The S&P 500 ended slightly lower after Wednesday's volatile session as investors struggled to get a read on U.S. trade policy after President Donald Trump promised hefty import tariffs but then said Mexico and Canada could be exempt.

World

After tariff fight loss, Trump economic adviser Cohn quits

WASHINGTON (Reuters) - Gary Cohn, the top economic adviser to U.S. President Donald Trump and a voice for Wall Street in the White House, said on Tuesday he would resign, a move that came after he lost a fight over Trump's plans for hefty steel and aluminum import tariffs.

World

After tariff fight loss, Trump economic adviser Cohn quits

WASHINGTON (Reuters) - Gary Cohn, the top economic adviser to U.S. President Donald Trump and a voice for Wall Street in the White House, said on Tuesday he would resign, a move that came after he lost a fight over Trump's plans for hefty steel and aluminium import tariffs.

Markets

Broad market closes weaker with nearly 1,000 counters down

KUALA LUMPUR: US President Donald Trump's trade war threat loomed large over key Asian markets on Wednesday, further worsened by a top economic advisor's resignation.