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Stock impact report

Trump ratchets up tariff threat after talks show no progress [Reuters]

Alamo Group, Inc. (ALG) 
Last alamo group, inc. earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: alamo-group.com/investor-relations
Company Research Source: Reuters
Trump ratchets up tariff threat after talks show no progress - Reuters 5 Min Read WASHINGTON (Reuters) - U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war. Trump’s move would subject about $300 billion worth of Chinese imports to punitive tariffs, U.S. Trade Representative Robert Lighthizer said in a statement. Lighthizer said a final decision has not been made on the new duties, which would come on top of an early Friday tariff rate increase to 25% from 10% on $200 billion worth of Chinese imports. Despite the escalation in tariffs, Trump and Chinese Vice Premier Liu He said they would press on with more talks, avoiding the worst-case scenario of a complete breakdown of negotiations between the world’s two largest economies. “Over the course of the past two days, the United States and Show less Read more
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