The Senate Appropriations Committee approved an amended toll road bill Thursday, but the language allowing for toll roads remains in the bill as it heads to the Senate for consideration.
Trump blinked in the face of financial turmoil -- particularly, a rapid rise in government bond yields that could shake the dominant position of the dollar and the foundation of the U.S. economy. In so doing, he also gave away something to his main rival, Chinese leader Xi Jinping.
Facing trade tensions with the US, the EU is actively diversifying its trade partnerships, engaging with countries worldwide. Despite challenges in replacing the US market's demand, the EU is pursuing trade talks with various nations, including China, the UAE, and countries in Latin America. Balancing free trade with competitiveness remains a key goal for the EU amid global trade shifts.
China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% the latest salvo in an escalating trade war between the worlds two largest economies that has rattled markets and raised fears of a global slowdown.
Global shares wobbled Friday after the latest escalation in the China-U.S. trade war, with Japan and some European markets slipping while others stood firm.
