Sun. Sep 27th, 2020

Wall Street slides as Trump intensifies trade worries – business live

Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French cheese, wine, handbags and porcelain

2.44pm GMT

Ouch! America’s stock market has fallen 1% at the start of trading in New York.

2.43pm GMT

Trump then repeats his earlier argument that it’s wrong for France to tax US companies, through its digital services tax.

[America’s complaint is that the French plan is based on the revenues of US tech firms, not simply the profits they make in France]

Continue reading…Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French cheese, wine, handbags and porcelainLatest: Trump says China deal could wait until after 2020 electionTrump says France shouldn’t tax US companiesTrump: If anyone takes advantage of US firms, it’s us!Introduction: Trade war deepensFrench fizz, cheese, handbags all face 100% tariffFrance: We’ll hit back 2.44pm GMTOuch! America’s stock market has fallen 1% at the start of trading in New York. 2.43pm GMTTrump then repeats his earlier argument that it’s wrong for France to tax US companies, through its digital services tax.[America’s complaint is that the French plan is based on the revenues of US tech firms, not simply the profits they make in France] Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *