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
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
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
"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
The U.S. Federal Communications Commission said on Thursday it has halted the informal 180-day "shot clock" on the review of the merger of wireless providers Sprint and T-Mobile US to give the public three additional weeks to comment on the $26 billion tie-up.
The FCC said the decision was made after the third- and fourth-largest U.S. wireless carriers had filed significant additional information on their network integration plans for 2019-2021 and other new information on the merger.
The FCC said it typically allows for additional public input after "substantial new submissions" by the applicants. The FCC said it expects to resume the "shot clock," at the current Day 122 on April 4.
T-Mobile and Sprint in separate statements called the FCC decision "a positive step" that the FCC is "so deeply engaged in understanding this transaction and our recent filing, and we completely understand their desire" to stop the clock "to fully review the merits of our merger."
Sprint said it hopes to complete the regulatory approval process by the end of June.
The deal to combine the carriers, struck in April 2018, was approved by both companies shareholders in October and has received national security clearance, but still needs approval from the Department of Justice and the FCC. A number of state attorneys general are also reviewing the merger.
Last month at a congressional hearing, House Democrats raised worries about the deal because the U.S. wireless market has just four main carriers. The industry leaders are AT&T Inc and Verizon Communications Inc.
T-Mobile Chief Executive John Legere defended the deal, arguing that it will create jobs and help with the construction of the next generation of wireless networks. He said the merged company would have more capacity which would lead to a push to lower prices.
Legere and Sprint Executive Chairman Marcelo Claure will testify at another U.S. House hearing on March 12.
The deal has run into criticism from unions, consumer advocates, and rural operators.
The Communications Workers of America said in a statement Thursday the decision of the companies to file new analyses of the merger suggests they "have failed to persuade regulators." The union argues the deal will eliminate tens of thousands of jobs.
A group of eight Democratic U.S. senators and independent Senator Bernie Sanders last month urged regulators to reject the deal, saying monthly bills could rise as much as 10 percent.