Tariffs on US$500 billion of Chinese imports is unlikely to
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Indeed, the move represents a two per cent change during a year when the currency has already moved by 10 per cent, suggesting the shift is largely symbolic, said Porter. Shoppers are expected to feel the most pain from Trump latest salvo in the trade wars though cross border supply chains that depend on Chinese imports could also be disrupted. Tariffs on US$500 billion of Chinese imports is unlikely to inflict severe damage on the US$17 trillion economy of Canada largest trading partner.However, the escalation in trade tensions between the world two biggest superpowers is far from good news for Canada.is a trading nation and the rules of trade are changing because the biggest economy in the world says it doesn like how things are going, said Ian de Verteuil of CIBC World Markets.
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WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) at a little over US$20 billion, less than half the US$47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday. Office space sharing start up lack of a roadmap to profitability, and its co founder Adam Neumann firm grip on its governance, are weighing on its IPO prospects.A dramatic drop in the We Company valuation could also prove to be a seminal moment for the valuation expectations of Silicon Valley unicorns. It still fared better than We Company stands to, given that Uber IPO valuation was higher than its most recent valuation of US$76 billion in the private fundraising market.The We Company has not yet launched its IPO road show to formally solicit feedback from investors.