Wall St. turns higher as Trump likely to delay auto tariffs
Wednesday, 15 May 2019 () U.S. stocks reversed course to trade higher on Wednesday after a report that President Donald Trump may delay a decision to impose auto tariffs, offering respite to markets worried about slowing global growth after a batch of weak economic data.
According to Reuters, the Trump administration is expected to delay imposing auto tariffs on Europe. Officials with the administration said the delay could last up to six months to avoid another international dispute over trade. The Trump administration has drafted a document to formally delay the...
Walmart says US-China trade war will lead to higher prices. The news comes after the Trump administration raised tariffs last week to 25%. According to Fortune, the administration says another round of..