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
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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread 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
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...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
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
The United States and China are exploring a trade pact that would halt further tariffs from Washington in exchange for new talks looking at major changes to Beijing's economy policies, officials from both governments told The Wall Street Journal.
Discussion between the two nations has reportedly occurred via telephone over the past several weeks, with both sides eager to quell mounting trade tensions ahead of a meeting between President Donald Trump and China President Xi Jinping at a Group of 20 summit in Buenos Aires.
The new talks would center around so-called trade "architecture," the Journal reported, a broad term referring to a barrage of issues the U.S. has wanted Beijing to remedy, including protection for intellectual property and subsidies to state-owned enterprises.
Though both sides appear hopeful a trade truce can be reached, there has been little room for optimism that the two economic powerhouses will reach a deal in the near-term.
A official confirmed to CNBC's Eamon Javers that White House trade policy advisor and well-known China hawk Peter Navarro will be attending the crucial meeting between Trump and Xi this week. Navarro, a proponent of the Trump administration's use of tariffs said earlier this min that any agreement between the two countries will be on Trump's terms and not subject to Wall Street intervention.
The White House has slapped multiple rounds of tariffs on goods imported from China throughout 2018 as a part of the president's move to protect American business interests. Trump, along with U.S. Trade Representative Robert Lighthizer, hope that the sanctions will force overseas counterparts to entertain more favorable trade deals.
The president has had mixed success with the tactic, producing both a revised version of the North American Free Trade Agreement as well as headaches for longtime economic allies like Canada and the European Union. Trump has specifically targeted Beijing with tariffs for alleged intellectual property theft as well as contributing to the massive trade imbalance between the two nations.
In September, the White House announced a round of tariffs on another $200 billion of products imported from China at a 10 percent rate. Should Trump and Xi fail to broker a trade truce before 2019, the tax will climb to 25 percent.
Click here for the original story from The Wall Street Journal.