Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
The U.S. and China are not in a trade war, but there is potential pain ahead if the proposed tariffs on both sides go through, foreign policy expert Ian Bremmer told CNBC on Thursday.
"If we see the policies that the Americans and Chinese are talking about actually become implemented as policy, this is the two most important economies in the world, the most important bilateral relationship in the world becoming much more dangerous," the president of geopolitical risk firm Eurasia Group said on "Power Lunch."
"The impact on the global economy, the impact for geopolitical stability is clearly much greater if that goes badly."
On Wednesday, China announced it may impose tariffs on $50 billion worth of U.S. goods. The move came after President Donald Trump unveiled a list of Chinese imports that he aims to target as part of a crackdown on what he deems to be unfair trade practices.
However, on Wednesday, National Economic Council Director Larry Kudlow told reporters it's "possible" the proposed tariffs on China may not actually take effect.
"It's part of the process. I mean, I would take the president seriously on this tariff issue," Kudlow said. "You know, there are carrots and sticks in life, but he is ultimately a free trader. He's said that to me, he's said it publicly. So he wants to solve this with the least amount of pain."
Bremmer says in order to go after China, it would be better for the U.S. to do it with its allies. However, getting rid of the Trans-Pacific Partnership is not the easiest way to get them on board, he said.
"You want to have both a big stick and a big carrot. The size of Trump's stick is a little smaller because a lot of American allies are saying, 'We don't know if we can count on the United States long term. Do we really want to align with them?'" he added.
That said, Bremmer sees some of Trump's foreign policy gambits paying off, particularly since the U.S. remains the world's only superpower.
"If you have a president … who says he's willing to break things and push other countries around, whether or not those countries like it, they don't want to get in a fight with the United States, and they're willing to let the president put a few points on the board."
For example, he says he thinks there will ultimately be a new bilateral trade deal inked with South Korea that will be an improvement for the U.S.
The two nations recently reached an agreement on a revised trade pact that would effectively cut South Korea's steel exports to the U.S. by about 30 percent.
"You have to give Trump credit for that," Bremmer said.