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Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
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Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
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"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
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President Donald Trump, who drew a line in the sand Monday with China in officially announcing tariffs on another $200 billion in Chinese imports to the U.S., is now threatening "great and fast" economic retaliation if China targets American farmers, ranchers or industrial workers.
China said Tuesday it has "no choice" but to retaliate, according to a statement released Tuesday by its Commerce Ministry. It announced additional duties on $60 billion of American imports in a forced response to U.S. trade protectionism.
Before the news from China was announced, Trump unleashed his threats in a pair of posts on Twitter Tuesday morning. Trump said China is "actively" trying to change the U.S. election by attacking these American workers "because of their loyalty to me."
"China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers because of their loyalty to me What China does not understand is that these people are great patriots and fully understand that....
.....China has been taking advantage of the United States on Trade for many years. They also know that I am the one that knows how to stop it. There will be great and fast economic retaliation against China if our farmers, rancher and/or industrial workers are targeted!"
On CNBC earlier Tuesday, Commerce Secretary Wilbur Ross said the new tariffs are aimed at modifying China's behavior and leveling the playing field for American companies competing there.