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Wall Street Dips as Boeing Shares Slide Amid Trade Tensions
Trading on Wall Street was reserved on Tuesday – and ultimately fell below zero. Boeing – which is affected by President Donald Trump's trade war – sank 2.
China Halts Boeing Aircraft Deliveries Amid Trade Tensions
China's government has ordered the country's airlines not to accept further deliveries of aircraft from the American aircraft manufacturer Boeing, reports Bloomberg with reference to anonymous sources. A decree has also been issued that Chinese airlines should stop purchasing equipment and parts for aircraft from American companies.
WTO Warns of Major Trade Decline as US-China Tariff War Escalates
China raised the new tariffs on goods from the USA to 84 percent. The USA's President Donald Trump in turn raised the tariffs on Chinese goods to 125 percent.
New Support Measures from China's Government
China will increase the financial support to debt-ridden local authorities out in the country and the country's major banks. According to the country's Finance Minister Lan Fo'an, there will be equivalent to 3,370 billion kronor available until the turn of the year.
Foreign Adoptions of Children in China Stopped
China's government stops all adoptions of Chinese children to foreign adoptive parents. The only exception concerns children or foster children adopted by relatives, according to the government's spokesperson Mao Ning.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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