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
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
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
Indian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries, which are already locked in a two-month standoff in another part of the disputed border.
A source in New Delhi, who had been briefed on the military situation on the border, said soldiers foiled a bid by a group of Chinese troops to enter Indian territory in Ladakh, near the Pangong lake.
Some of the Chinese soldiers carried iron rods and stones, and in the melee there were minor injuries on both sides, the source said.
China's defense and foreign ministries did not immediately respond to request for comment.
The two sides have frequently accused each other of intrusions into each other's territories, but clashes are rare. The Indian military declined to comment on the incident.
"There was an altercation near the Pangong lake," said a police officer in Srinagar, the capital of India's Jammu and Kashmir state, under which the area falls. An army source in Srinagar also spoke of an altercation following what he called a Chinese army "incursion in Pangong lake area".
The two armies are already engaged in a standoff in the Doklam plateau further east, in another part of their 3,500 km (2,175 mile) unmarked mountain border.
China has repeatedly asked India to unilaterally withdraw from the Doklam area, or else face the prospect of an escalation. Chinese state media have warned India of a fate worse than its crushing defeat in a brief border war in 1962.
The trouble started in June when India sent troops to stop China building a road in the Doklam area, which is remote, uninhabited territory claimed by both China and India's ally Bhutan.
New Delhi said it sent its troops because Chinese military activity in Doklam, near the trijunction of the borders of India, China and Bhutan, was a threat to the security of its own northeast region. But Beijing has said India had no role to play in the area and diplomatic efforts to defuse the crisis have not made much headway.
An Indian government minister said efforts were continuing to find a way to end the standoff. The minister, speaking on condition of anonymity because of the sensitivity of the issue, said Prime Minister Narendra Modi's government had no choice but to act to stop the Chinese road activity in the region because it had come too close for comfort.