All the day’s economic and financial news, as investors worry that Donald Trump will launch a tit-for-tat trade battle with BeijingIntroduction: Larry Kudlow seeks ‘coalition’ to crack down on ChinaLatest: China says Americans should work harderGermany worried about trade warExperts: Trade war would hurt growthUnilever picks Rotterdam over London 1.50pm GMT The president is defending himself over today’s story that he challenged Canada’s prime minister over trade without knowing the facts (see earlier post).We do have a Trade Deficit with Canada, as we do with almost all countries (some of them massive). P.M. Justin Trudeau of Canada, a very good guy, doesn’t like saying that Canada has a Surplus vs. the U.S.(negotiating), but they do…they almost all do…and that’s how I know!Said the man who just publicly admitted lying about the trade deficit figures to PM Trudeau. Said the man whose own Council of Economic Advisers says we have a trade surplus with Canada. https://t.co/mTJt9VvIOn 1.44pm GMT Worries over trade wars seem to be hitting Boeing again.Shares in the aircraft maker are down almost 1.7% in early trading, making it the worst performer on the Dow. Continue reading…
Via: Trade war fears weigh on markets as Trump's new adviser blasts China – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…