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Bloomberg President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes this week, according to six people familiar with the matter. Asked to confirm the plan in an interview with Bloomberg News in the Oval Office, Trump smiled and said it was “not totally ...

Bloomberg Swiss pharmaceutical company Novartis AG wants to increase its operating margins by making production and other processes more efficient as it positions for possible further declines in US drug prices, its chairman said in an interview. Joerg Reinhardt told the newspaper NZZ am Sonntag that his company is taking steps to increase its operating profit margin towards 35 percent ...

Bloomberg The head of the World Trade Organization has responded to President Donald Trump’s threat to leave the institution by warning such a move would cause chaos for US companies operating around the world. In an Oval Office interview with Bloomberg, Trump warned that he would withdraw from the WTO “if they don’t shape up.” The president also called the ...

Bloomberg Coca-Cola Co. is making an audacious move into coffee and retail outlets with the $5.1 billion purchase of UK chain Costa, its biggest acquisition in eight years and a push into the fiercely competitive java market. The soft-drinks company swooped in after Whitbread Plc announced a plan in April to spin off the business. The transaction gives Coca-Cola instant ...

When the North American Free Trade Agreement (Nafta) took effect in 1994, it was widely regarded — by friend and foe alike — as an ambitious experiment in economic engineering. To advocates, it promised the benefits of stronger economic growth for its three member countries: Canada, Mexico and the United States. To its adversaries, it threatened the loss of well-paid ...

Not all tech stars are equal. While US giants from Apple Inc. to Amazon.com Inc. march to or through the $1 trillion valuation mark, China’s darlings are getting dumped. The groups started to diverge two months ago, and the big American tech stocks have outperformed their Chinese counterparts by 19 percentage points since then. With more than $18 billion of ...

The collapse in Argentina’s currency underlines two facts about global finance that are well understood yet far too easily forgotten. First, the effort to normalize US monetary policy after a decade of extraordinary monetary stimulus has put many other economies, especially those at risk for domestic reasons, under greater financial pressure. Second, once a crisis of confidence gets going, it ...

The US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada appears to be on track. These breakthroughs, combined with an easing of tensions with the European Union, could allow a more coordinated approach to the toughest trade problem of them all: reaching an agreement with China. This is good news for ...

Apparently there’s a pot of gold in Indian retail, and big players from around the world want to dip in. Many of them are likely to come up empty-handed. The volume of high-profile announcements in the sector recently has been remarkable. Walmart Inc. led with a $16 billion deal to buy Flipkart Online Services Pvt. Ltd., India’s largest e-commerce retailer; ...

Electric vehicles, prized for their acceleration, are speeding up. Bloomberg NEF estimates the global electric vehicle market will this week pass the milestone of 4 million sold to date, according to a report published recently. Having taken about five years to get to the first million, the last million were sold in about six months. Four million vehicles sold in ...