Trump's Fart Bill Would Foul up International Trade, Critics Say

US companies ranging from whiskey distilleries to automakers like Ford and Tesla could be hit if China ramps up retaliatory measures.

Germany's DAX lost 0.1 percent to 12,337 while the CAC 40 of France rose 0.3 percent to 5,329.

U.S. markets are closed for Independence Day following a move lower on Tuesday.

With trading limited in the U.S. for the 4th July celebrations, Wall Street can catch its breath after the S&P 500 shed 0.49 percent at close yesterday, while the Nasdaq Composite dropped 0.86 percent.

A person with knowledge of the plan earlier told Reuters China's threatened tariffs on $34 billion (25.74 billion pounds) of usa goods would take effect from the beginning of the day on Friday.

"U.S. citizens visiting or residing in China have been arbitrarily interrogated or detained for reasons related to 'state security, ' " the State Department advisory said. In an interview with Fox News he dismissed suggestions that his attacks on the EU were counterproductive and that he should instead strengthen relations with European countries to tackle the Chinese trade issue together.

It's also identifying an additional $200 billion in Chinese goods for 10 percent tariffs, which could take effect if Beijing retaliates.

Canadian Brooke Henderson shares top spot at KPMG Women's PGA Championship
My biggest regret is 17. "I think after I won the Meijer Classic, that's the attitude I have to have for this year". The final round was pushed to an earlier start with thunderstorms forecast for late afternoon in Northern Illinois.

Andy Murray Pulled Out of Wimbledon
Murray's place in the draw goes to Jason Jung of Taiwan, the world number 154 who has just one win on the main tour in 2018. Murray has only played three competitive matches since he took time off from the game to recover from hip problems.

Richard Swift, The Shins and Arcs Musician, Dies at 41
Swift's most recent solo effort was 2009's The Atlantic Ocean . "He is uninsured and the cost of the care he is getting is a lot". On June 19, representatives announced that Swift had been hospitalized due to a "life-threatening condition".

The proposed "United States Fair and Reciprocal Trade Act" would give the president unilateral power to renegotiate with individual countries or apply tariffs, bypassing worldwide WTO rules for collective negotiation. But Washington needs to join in that effort, Merkel said.

Yesterday, the EU's top two officials warned about greater trade tensions with the U.S. as Mr Trump weighs tariffs on foreign cars after irking American allies with metal-import levies.

In the currency market, the yuan bounced back from an 11-month low following moves by China's central bank on Tuesday to calm jittery financial markets.

ANALYST VIEWPOINT: "The statement puts paid to any fears that the PBOC could be engineering a depreciation to cushion the economy", Chang Weiliang of Mizuho Bank said in a commentary.

In a commentary on Wednesday, China's official Xinhua news agency said China and Europe "should resist trade protectionism hand in hand".

Brent oil prices rose, driven higher by a threat from an Iranian commander and a drop in US crude inventories for the second week in a row caused by an outage at a Canadian facility.

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