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US hits back at allies, China on metal tariffs in WTO move

Bloomberg The Trump administration is hitting back at what it considers unjustified retaliatory tariffs that were imposed in response to US steel and aluminum duties. The US Trade Representative said it launched formal challenges at the World Trade Organization (WTO) against China, the European Union, Canada, Mexico and Turkey for retaliating against steel and aluminum tariffs. The Trump administration earlier ...

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Amazon founder is richest man in modern history

Bloomberg Jeff Bezos is the richest person in modern history. The Amazon.com Inc. founder’s net worth cracked $150 billion in New York, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person. Bezos, 54, also has topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly ...

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US companies still upbeat despite trade war, tax cuts

Bloomberg Donald Trump’s economic policies have been a wash of sorts for US business investment. Ten percent of respondents surveyed by the National Association for Business Economics said they have accelerated spending as a result of the 2017 tax cuts. Meanwhile, 10 percent said they have delayed investment because of new tariffs and other trade policies, NABE’s survey of 98 ...

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