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
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
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Sapporo beer is taking a walk on the dark side.
Hoping to keep pace with a growing number of consumers looking for the next new thing, the Japanese beer maker is releasing Premium Black, its first new beer since its Premium Light was launched in 2004. Sapporo is the top imported Asian beer brand in the U.S., a perch it has held for over 30 years.
"Our sales representatives had been receiving requests for new product from wholesalers, retailers and consumers for a long time," said Jiro Ohkawa, senior marketing manager Sapporo USA. "So Sapporo Black is the answer to their requests."
Premium Black is slated for nationwide release on September 1.
Premium Black might be the tonic to boost an ailing imported-beer market. According to Chicago-based market research firm IRI, which measure sales at multi-outlet and convenience stores, sales of Asian imports are down 9.9 percent year to date, with Sapporo Premium Draft down 2.4 percent through the period ending July 10.
Brewery officials say that while Sapporo tends to be the preference on occasions where Asian food is served, the challenge going forward is finding opportunities for the brand to branch out.
"Many consumers say, 'I enjoy drinking Sapporo when I eat sushi,'" said Ohkawa. "It's a great compliment, but we want people to enjoy Sapporo at other occasions too."
Sapporo hopes part of that answer can be found in Sapporo Premium Black, a dark lager brewed with roasted dark malts that has an alcohol-by-volume of 5 percent.
"The biggest challenge is to break through the consumer's perspective of a Japanese beer," said Ohkawa. Premium Black "diversifies our portfolio and allows us to reach a broader consumer."
Founded in the city of Sapporo in 1876, Sapporo is the oldest beer brand in Japan, as it first hit U.S. shelves in 1964. Sapporo USA was established in 1984.