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Billionaire Elon Musk told Italy League leader Matteo Salvini on Saturday that he hoped in the future the U.S. and Europe could create “a very close, stronger partnership” and reach a “zero-tariff zone.”
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China’s Foreign Ministry spokesperson Guo Jiakun posted on his Facebook page a screen showing the Dow Jones, S&P 500 and Nasdaq all declining by more than 5% on Friday, with the commentary, “The market has spoken.”
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China on Saturday night heaped more criticism on the U.S. tariffs, saying they had “seriously infringed upon the legitimate rights and interests of all countries, seriously violated the rules of the World Trade Organization, seriously damaged the rules-based multilateral trading system, and severely impacted the stability of the global economic order.”
It said China would continue to promote “high-level opening-up” rather than closing its economy with even higher tariffs.
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The British maker of Jaguar and Land Rover cars is pausing shipments to the U.S. as it works to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump administration.
apnews.com
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China’s Foreign Ministry spokesperson Guo Jiakun posted on his Facebook page a screen showing the Dow Jones, S&P 500 and Nasdaq all declining by more than 5% on Friday, with the commentary, “The market has spoken.”
**********************************
China on Saturday night heaped more criticism on the U.S. tariffs, saying they had “seriously infringed upon the legitimate rights and interests of all countries, seriously violated the rules of the World Trade Organization, seriously damaged the rules-based multilateral trading system, and severely impacted the stability of the global economic order.”
It said China would continue to promote “high-level opening-up” rather than closing its economy with even higher tariffs.
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The British maker of Jaguar and Land Rover cars is pausing shipments to the U.S. as it works to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump administration.
The Latest: Elon Musk says he hopes for zero tariffs with Europe someday
U.S. President Donald Trump’s big raise in tariffs has triggered an escalating trade war and sent global markets plummeting.