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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...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
Tres Knippa believes the troubles in Japan are far worse than they seem, and the fund manager has backed up his pessimism in the form of a leveraged short position against Japanese government bonds.
"They're going to have a default," Knippa told CNBC on Tuesday during an interview with "Squawk on the Street. "
Knippa, who runs Kenai Capital Management in Chicago, foresees Japanese officials accelerating debt problems in an ill-fated attempt to protect the country from a bond crisis. If the yen weakens enough, Japanese government bond holders won't hold onto those securities as returns decline along with the yen, he said.
His comments came after Japan's Nikkei stock index ended Tuesday about 14 percent down for the year. Knippa joins noted hedge fund manager Kyle Bass in his opinion on a looming Japanese debt crisis. driven by a stagnant economy and rapidly aging population.
(Read more: Japan's Debt Time Bomb Is Ticking: Kyle Bass)
Japanese investors are now traveling the world looking for investments outside their own currency, Knipp said. He predicts the yen to weaken to 200 to 300 versus the U.S. dollar, as the country's central bank attempts to engineer a steady 2-percent inflation rate after decades of deflation.
"Think about what a bond is," Knippa said. "It's an IOU. So if I lend you money in yen and I hold this piece of paper and you're dropping the value, and that's what you're going to pay me back in? No way I'm going to hold the security."
(Read more: How bad will the Nikkei meltdown get?)
Recalling a recent trip to Mexico, Knippa said Japanese investors have bought up land and energy sources there to protect their assets from financial troubles at home.
"Anything they can to get their money out of yen," Knipp told CNBC. "They don't want to sit there and hold yen. They want to try and diversify around the world."
(Read more: Japan's rocky January doesn't deter bulls)
To make matters worse, Japan will see a productivity crisis from its aging population and declining production rates, Knippa said. By 2030, Japan will have three retired people for every person in the workforce, he predicted.
"How in the world is that sustainable?" Knippa said.
—By CNBC's Jeff Morganteen. Follow him on Twitter at and get the latest stories from "Squawk on the Street." Reuters contributed to this report.