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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread 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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
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Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
U.S. government debt yields rose on Thursday amid news the U.S. could lower tariffs on Chinese goods as both countries continue negotiation on the trade front.
The yield on the benchmark 10-year Treasury note broke above 2.75 percent to its high of the day on the report. The 2-year yield also hit 2.57 percent before slipping back to 2.55 percent.
That idea was floated by Treasury Secretary Steven Mnuchin, according to a Wall Street Journal report, which cited people close to the matter.. The report, however, added that Mnuchin faced push-back from U.S. Trade Representative Robert Lighthizer, who thinks any concession could be seen as a sign of weakness.
However, a Treasury Department spokesperson working with the trade team told CNBC: "Neither Secretary Mnuchin nor Ambassador Lighthizer have made any recommendations to anyone with respect to tariffs or other parts of the negotiation with China. This an ongoing process with the Chinese that is nowhere near completion."
Back in December, China and the U.S. agreed to stop slapping tariffs on each other's goods for 90 days while they tried to strike a deal on trade. Recent data has shown signs of weakness in China's economy.