Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
U.S. officials have concluded that the North Korean government ordered the hacking attack on Sony Pictures Entertainment — a breach that led to the studio cancelling the planned release of "The Interview" — and a U.S. official told NBC News that the country "can't let this go unanswered."
The officials told NBC News the hacking attack originated outside North Korea, but they believe the individuals behind it were acting on orders from the North Koreans.
"We have found linkage to the North Korean government," according to a U.S. government source.
An official said the U.S. is discussing what form a response could take, and couldn't detail what options the government has available.
The security breach embarrassed several high-profile Sony executives and led to the studio cancelling the Dec. 25 release of "The Interview," a comedy starring Seth Rogen and James Franco that depicts a fictional assassination attempt on North Korean dictator Kim Jong Un. Amid fallout from the Sony hack, a New Regency film tentatively titled "Pyongyang" and starring Steve Carell "will not be moving forward."
Sony on Wednesday dropped its plans to release "The Interview" on Christmas Day after some of the country's largest theater chains said they were holding back or dropping the movie following threats of violence made by the same group that claimed it hacked Sony, Guardians for Peace.
"Sony Pictures has been the victim of an unprecedented criminal assault against our employees, our customers, and our business," Sony said in a statement Wednesday, saying that it reached the decision after the top cinema chains pulled out. Regal, Cinemark, Carmike and Cineplex were among the chains that said it would not show the film on the planned Dec. 25 premiere, citing security concerns.
The White House National Security Council said in a statement Wednesday that "the U.S. government is working tirelessly to bring the perpetrators of this attack to justice" and expressed support for Sony. "The United States respects artists' and entertainers' right to produce and distribute content of their choosing. … We take very seriously any attempt to threaten or limit artists' freedom of speech or of expression."