China's tariff blow sets Wall St. for lower open ahead of Powell speech [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
China's tariff blow sets Wall St. for lower open ahead of Powell speech - Reuters 4 Min Read (Reuters) - Wall Street was set to open lower on Friday as China’s threat to impose tariffs on $75 billion worth of U.S. goods ratcheted up trade tensions ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell. China’s commerce ministry said it would impose additional tariffs on a total of 5,078 U.S. products that include agricultural products, crude oil, small aircraft and cars. Tariffs on some products would take effect on Sept. 1 and others on Dec. 15. Shares of oil majors Exxon Mobil Corp ( XOM.N ) and Chevron Corp ( CVX.N ) fell more than 1% in premarket trading, while those of carmakers General Motors Co ( GM.N ) and Ford Motor Co ( F.N ) dropped about 2%. Business jets maker Textron Inc ( TXT.N ) was down 3.3%. “Of course China is going to retaliate. That is part of the trade war,” said Scott Brown, chief economist at Raymond James, in St. Petersburg, Flor
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XOM
Earnings
- 2/2/24 - Miss
XOM
Sec Filings
- 4/22/24 - Form PX14A6G
- 4/18/24 - Form PX14A6G
- 4/11/24 - Form DEFA14A
- XOM's page on the SEC website