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
Investors should look beyond the upcoming U.S. midterm elections in gauging the tense geopolitical situation between the U.S. and China, according to Barclays' head of macro research.
The issues at the heart of U.S.-China relations go beyond trade tensions, which some analysts have said may ease after the U.S. midterm elections, Barclay's Ajay Rajadhyaksha told CNBC at the Barclays Asia Forum in Singapore. While some have speculated that U.S. President Trump may simply be escalating the trade war with China, to distract voters from troubles at home.
But investors hoping to wait out the tensions until the Nov. 6 midterms may be in for a surprise: "They still need to keep waiting for a while," said Rajadhyaksha.
"This is not the U.S. and NAFTA. This is not the U.S. and the European Union ... There is a significant part of the U.S. administration that is worried about China's technology ambitions," he said, adding that trade frictions will not settle down anytime soon.
The issue of technology transfers has cast a shadow on relations between the two economic powerhouses, with the Trump administration initially imposing tariffs on Chinese imports to penalize China for trade practices that it said involved stealing American companies' intellectual property.
The world's second-largest economy has a "Made in China 2025" program, which is a strategic plan to make China a leader in key global industries. Among those sectors targeted by Beijing is the high technology space.
Rajadhyaksha said: "The administration wants fundamental change in how the Chinese treat intellectual property, how they talk to technology companies looking to invest in China. This is not about the trade deficit. If it was, it would be easy to solve."