Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
Trade tensions between the United States and China exploded last month as the countries started threatening each other with new tariffs.
The Trump administration is looking to stop what it calls unfair trade practices, targeting perceived imbalances, including alleged widespread intellectual property theft. The Commission on the Theft of American Intellectual Property estimates that China's purported IP theft costs the U.S. between $225 billion and $600 billion each year.
Case studies aren't hard to find.
Take California-based Paulson Manufacturing, which makes protective eyewear and shields for industrial workers and firefighters.
"Within a year of anything new that I put out, I'm being copied somewhere in the world," CEO Roy Paulson said. It was at a trade show in China that he first learned his company was being copied, he said.
"They even used our company name, duplicated all the products that we have that you can see on our website and have them for sale as a Paulson product in China," Paulson said. It's a theft that's costly. "It's not just lost money to me, that's really lost money to my employees and to the community."
Marlin Steel, based near Baltimore, engineers and manufactures steel molds from wire to make storage racks, baskets and deep fryers from recycled steel. The seemingly simple products require complex engineering, said CEO Drew Greenblatt, and several years ago he began seeing his products in Google searches for Chinese competitors.
"We come up with innovative, creative novel ideas. We spend so much money on that. They cut and paste it and steal from us," Greenblatt said.
"It's hard to measure exactly how many jobs we lost here," he said. "It's hard to measure because people don't call or send you an email and say, 'By the way, I bought from your competitor.'"
Greenblatt lobbied the administration to take action and is glad they are doing something, he said. "It's such a mess how they just steal from us on so many different fronts. I think the end goal has to be for these two countries, America and China, to sit down, and I think this was [President Donald] Trump's way to do an opening salvo."
Steven Lang, CEO of New Jersey-based Mon Cheri Bridal, also worries Chinese counterfeiting could cost him his business.
"Without protection from my government, I'm not on a level playing field," Lang said.
Still, Lang worries Trump's embrace of tariffs could lead to a trade war. "The way he's approaching it, like a cowboy, is a very dangerous mission." He hopes, as most businesses do, that a trade war will be averted through negotiations.