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
Electric vehicles are a must have segment for automakers looking to compete in the long term, although traditional engine types will continue to be important, Jonathan Browning, Volkswagen Group of America CEO, told CNBC on Monday,
Browning said that the German automaker's strategy is to roll out a 10-year growth plan, which includes a ramp-up in electric vehicle production. He said on "Squawk on the Street" that the first of an "array" of electric vehicles to be released by Volkswagen over the next few years is the e-Golf, which will be available to consumers in early 2015.
(Related: Cramer makes a 'buy' call on this automaker)
Consumer acceptance of electric cars is a combination of pricing, usage and confidence that people have in the vehicles, he said. "Electrification won't be the only solution," he said, as traditional combustion engines, hybrids and diesel technologies remain important for consumers. "Electric vehicles will be part of the landscape, but certainly not the only part," he said.
Browning pointed out that many precursors of the future technologies people expect are already present in cars, such as adaptive cruise control and radar systems. However, he expects that self-driving or autopilot cars will only serve a minority of consumers and the question is how these technologies can be employed in the market to improve safety, fuel efficiency and driving behaviors.
Volkswagen has been in talks with the United Auto Workers (UAW) regarding union membership for employees at the company's Tennessee manufacturing plant. "It is important to look at what's going on in Tennessee as a part of the global conversation," he said.
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"What we're trying to do in Tennessee is to allow our employees to have a voice in the business," he added. "Our employees will decide how they want to have representation. ... We're simply looking for the right structure to put that in place in the U.S. context"
—By CNBC's Paul Toscano. and get the latest stories from "Squawk on the Street."