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
WHEN: TODAY, TUESDAY, October 17, 2017
WHERE: CNBC'S "SQUAWK ON THE STREET"
Following is the unofficial transcript of BREAKING NEWS from CNBC's Kayla Tausche today on CNBC's "Squawk on the Street."
All references must be sourced to CNBC.
KAYLA TAUSCHE: I LEARNED TOP TRADE NEGOTIATORS FROM CANADA AND MEXICO WILL MEET TODAY WITH THE U.S. TRADE REPRESENTATIVE BOB LIGHTHIZER WHEN THEY DO THAT, THEY PLAN TO FIRMLY REJECT THE U.S. PROPOSALS FLOATED IN THIS ROUND OF NAFTA NEGOTIATIONS THATS ACCORDING TO TWO PEOPLE BRIEFED ON THE COUNTRYS POSITIONING. DESPITE AN OUTRIGHT REJECTION OF SOME OF THE U.S. PROTECTIONIST DEMANDS THAT WERE BROUGHT FORWARD THIS ROUND, CANADA AND MEXICO, IM TOLD, WILL NOT WALK AWAY FROM THE NEGOTIATING TABLE. THAT LEAVES THE BALL IN THE U.S. COURT THE U.S. TRADE REPRESENTATIVES OFFICE HAD NO COMMENT. THE WHITE HOUSE DECLINED TO COMMENT AS WELL. SO CERTAINLY AN INTERESTING DEVELOPMENT. WE KNEW CANADA AND MEXICO WERE NOT HAPPY WITH WHAT THE U.S. PUT FORTH, BUT NOW I HAVE LEARNED FROM THESE PEOPLE BRIEFED ON THIS PLAN THAT THEY PLAN TO FIRMLY REJECT THEM OFFICIALLY TO AMBASSADOR LIGHTHIZER BUT SAY THEYRE WILLING TO KEEP NEGOTIATING.
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