Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
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Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
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The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
The wearables company has retained advisors to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes, while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Hours earlier, EU Trade Commissioner Cecilia Malmstrom told the European Parliament's trade committee that the EU is "willing to bring down even our car tariffs to zero, all tariffs to zero, if the U.S. does the same."
Trump said that the offer is "not good enough," adding that European "consumer habits are to buy their cars, not to buy our cars."
Currently, the U.S. imposes a 25 percent tariff on light trucks and pickups and 2.5 percent on smaller cars. The EU imposes a 10 percent tariff on all passenger vehicles.
Last month, European automotive stocks soared after Trump met with European Commission President Jean-Claude Juncker, and the two leaders agreed to work towards eliminating tariffs for non-auto industrial goods. Malmstrom's statement on Thursday went further than Trump and Juncker's agreement, which caused European auto stocks to jump initially before paring their gains.
Trump also said in the interview that the EU is "almost as bad as China, just smaller." The president told aides he supports tariffs on an additional $200 billion in Chinese goods as early as next week, according to Bloomberg.