Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
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
Trade tensions have taken another negative turn, with the U.S. demanding that China come up with a specific plan to stop allegedly stealing technology.
Until Beijing does so, the U.S. will not resume trade negotiations, according to a report Thursday in The Wall Street Journal.
The latest impasse jeopardizes a meeting between President Donald Trump and China's Xi Jinping scheduled for the end of November at the G-20 meeting. There had been some hope that Trump and the Chinese president could make progress on the myriad trade issues between the two sides, a major focus being forced technology transfers.
China has sought to resume talks but the U.S. has refused until Beijing addresses the tech issue.
"If China wants [the G-20 session] to be a meaningful meeting, we need to do the groundwork," a senior White House official told the Journal. "And if they don't give us any information, it's just hard to see how that becomes fruitful."
The U.S. has slapped tariffs on $200 billion worth of Chinese goods, charging the country with unfair trade practices that have ballooned the deficit between the two. Trump has threatened to put duties on all imported goods from China.
A week ago, Larry Kudlow, director of the National Economic Council, said the U.S. has let its demands be known but has not seen a satisfactory response.
"They are unfair traders. They are illegal traders. They have stolen our intellectual property," Kudlow said in Detroit. "China has not responded positively to any of our asks."
The Journal reports that there are risks for China to tip its hand on its negotiation strategy. In 1999, the Clinton administration made public an offer from China when it entered the World Trade Organization, sparking a crisis at home that nearly killed China's entrance into the group.
Read the full Journal story here.