President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Deadly flooding in Colorado and the political climate in Washington are likely to drive up the price of flood insurance for people who live in high-risk areas around the country, according to one weather expert.
About 10 percent of Colorado home owners in high flood-risk areas actually have flood insurance, said Paul Walsh, vice president of weather analytics at The Weather Channel.
And because of the fiscal standoff in Washington, some real estate investors who do have flood insurance are expected to lose federal subsidies in October, he said.
"That has huge implications for real estate in those areas," Walsh said. "The biggest impact is probably going to be in Florida, where there's so many folks that have a second home. ... It takes an additional amount of dollars that you have to have to be able to afford [having] a house and to insure it. And we're not talking about small increases," Walsh said.
The cost of flood insurance could increase five to 10 times what homeowners currently pay in high flood-risk areas in Colorado as well as in Florida and other coastal areas, according to Walsh.
President Barack Obama has declared the Colorado floods a major disaster, making federal aid available to help the state recover and rebuild.
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