American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread 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
"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
"We have great partnerships there," Swan said Friday on "Squawk on the Street. "
"We're very committed to that market," said Swan, who is also executive vice president and chief financial officer. "Regardless of how things play out [with tariffs], our commitment to China and our customers to China will not waver. "
Swan said Intel has been operating in China for 30 years.
"We have big and growing customers," he said. "So it's a very important market for us."
But some investors fear the tariffs could put a dent in the booming semiconductor business. The SMH semiconductor-tracking ETF rose 36 percent last year. But the index has recently lost as much as 6 percent of its 2018 highs.
Still, Swan said Intel has been reviewing the tariffs and said the company sees relatively little impact from tariffs on the semiconductor industry.
"And virtually no impact on our company," he said. And the "third wave of tariffs that have been proposed, we're evaluating those now. I would just say at this stage we do not see any dramatic impact on our business of the third wave that's under discussion."