President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
More than a dozen Republican lawmakers are expected to meet Wednesday afternoon with President Donald Trump to discuss trade and farm issues, the White House said.
The meeting was announced a day after Agriculture Secretary Sonny Perdue confirmed a $12 billion stopgap aid proposal for farmers affected by the Trump administration's aggressive tariff policy. The aid package has heightened fears about the potential consequences of a trade war on U.S. industries.
Some pro-free trade Republicans delivered searing criticisms of Trump's trade policy on Tuesday, calling his tariffs "incoherent" and the farmers' bailout "gold crutches." One Republican senator even compared the Trump administration's increasing interference in markets with "a Soviet-type of economy. "
But the seven senators and six House members expected to meet with Trump on Wednesday afternoon have offered more muted responses, if any, to the bailout plan.
Sen. John Hoeven, R-N.D., chairman of the Senate Agriculture Appropriations Committee, said he supported a "temporary relief" program for his state's producers, while noting that "because agriculture has a positive balance of trade, our producers are heavily impacted by retaliatory tariffs."
Rep. Mike Conaway, R-Texas, told NBC News that the $12 billion plan "is a good step" for Trump to take in the ongoing fight over international trade.
"Our president stood up to a bully and now he is standing up for rural America so it’s a good move forward," Conaway added. "It’s the right fight to have, but in the meantime, our producers have to co-exist — you know, live — while this fight is going on."
Other senators invited to the meeting: John Boozman of Arkansas, Mike Crapo of Idaho, Montana's Steve Daines, James Lankford of Oklahoma, Kansas' Pat Roberts and junior Sen. Cindy Hyde-Smith of Mississippi, did not immediately respond to CNBC's requests for comment on a new policy proposal.
GOP members of the House House invited to the meeting — Ways and Means Chairman Kevin Brady of Texas, Tennessee's Diane Black, Washington's Dan Newhouse and Dave Reichert, and South Dakota's Kristi Noem — also did not immediately respond to CNBC's requests for comment.
The president, who met with leaders from the European Union for trade talks at the White House on Wednesday, appeared to respond to his critics in a morning tweet. U.S. leverage to strike deals with international trade partners, he said, is weakened "when you have people snipping at your heels during a negotiation."
The president of the European Commission, Jean-Claude Juncker, told Trump in the Oval Office at the start of their talks that the U.S. and the EU are "friends, not enemies."