American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread 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
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
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread 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
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
President Donald Trump on Thursday announced a number of energy initiatives, including a review of U.S. nuclear energy policy and efforts to make sure new coal plants are built overseas.
The announcements came during a speech on achieving American "energy dominance."
The position is similar to previous administrations' goals of achieving "energy independence," dating back to the 1970s. President Barack Obama paved the way for Trump by lifting a 40-year ban on exporting U.S. crude oil and by approving about two dozen liquefied natural gas export licenses.
On Thursday, Trump said his administration will attempt to expand the nuclear energy sector by launching a "complete review" of current policy to identify ways to revive the industry.
Nuclear reactors currently generate about 20 percent of the country's power, but that share is expected to decline to 11 percent by 2050 as some of the nation's aging nuclear power plants retire.
The viability of new large-scale nuclear plants has come into question. Industry leader Westinghouse filed for bankruptcy in March as delays and cost overruns piled up at new nuclear plants in Georgia and South Carolina. Energy Secretary Rick Perry told CNBC the administration is focusing to some degree on new, lower-cost nuclear technologies.
The Treasury Department will attempt to "address barriers" to financing high-efficiency coal plants overseas, Trump said. The administration hopes to increase U.S. coal exports by encouraging the construction of coal plants abroad, he said.
The prospect for new coal plants in many parts of the world is murky because prices for cleaner-burning natural gas are cheap and most countries are aiming to reduce carbon emissions in order to mitigate global warming.
Trump announced this month he will pull the United States out of the Paris climate agreement. Many top Trump officials deny the scientific consensus that carbon emissions from human activity are driving global warming. The president, who has called climate change a hoax, refuses to say whether he now believes in it.
Trump also said the Interior Department would move forward with a new five-year leasing program for offshore drilling, which will replace Obama's plan. The move was widely anticipated, as Trump instructed Interior to create a new plan in April.
The president also touted the approval of a new petroleum pipeline to Mexico and licenses to export liquefied natural gas from a proposed export terminal in Lake Charles, Louisiana.