| 10 things you need to know today | | | | | | 3.Trump and China threaten tariffs in trade dispute that spooks stocks | The Dow Jones Industrial Average plunged more than 700 points, or 2.9 percent, on Thursday as President Trump unveiled his plan to impose tariffs on about $60 billion in Chinese goods annually, stoking fears of a trade war between the world's two biggest economies. The White House plan aims to punish China for forcing U.S. companies to hand over their technology to local partners in exchange for access to the Chinese market. Early Friday, China criticized the proposed tariffs and said it would impose tariffs on $3 billion worth of U.S. goods, including pork, fruit, and scrap aluminum, in retaliation. "China does not want to fight a trade war, but it is absolutely not afraid of a trade war," China's Commerce Ministry said. [USA Today, The Washington Post] | | | | | 7.French public workers strike against Macron labor reforms | French civil servants and rail workers went on strike on Thursday to protest President Emmanuel Macron's labor reforms. About 30 percent of flights to and from Paris were canceled, as was travel by 60 percent of high-speed TGV trains. Schools, daycare centers, libraries, and other public services also were closed. French media estimated some 47,800 demonstrators filled the streets of the French capital. The country's powerful public sector employs more than 5 million people. Macron last year changed rules to make it easier to hire and fire public workers without much pushback, but he is facing greater resistance to coming proposals to cut 120,000 public-sector jobs, hire more contract workers, and deeply cut budgets. [France24, The Washington Post] | | | | | | | MOST POPULAR | | | CAPTURED: A PHOTO BLOG | Kathryn Krawczyk | | | | | Is this email not displaying correctly? View it in your browser. Unsubscribe from this list | Update subscription preferences | Privacy Policy © 2015 THE WEEK PUBLICATIONS, INC. ALL RIGHTS RESERVED. THE WEEK ® IS A REGISTERED TRADEMARK OWNED BY FELIX DENNIS. | | |
No comments:
Post a Comment