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
President Donald Trump's tariff policy has failed to catch on in three states critical to this year's midterm elections.
A solid plurality of adults in Pennsylvania, Texas and Illinois say the duties will raise the cost of consumer goods and hurt the U.S. economy, according to NBC News/Marist polls released this week. The results do not bode well politically for Trump, who won the White House in part by promising to crack down on unfair trade practices and revive manufacturing in states such as Pennsylvania.
Firms in some industries, particularly steel and aluminum, have cheered Trump's tariffs on foreign metals imports or other duties imposed on major trading partners. But certain business and GOP lawmakers have slammed the president's widening trade conflicts with countries such as China, worrying that a back-and-forth tariff war could hurt consumers and damage American farmers.
Here's how tariffs are viewed in those three states: