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
Secretary of State Mike Pompeo will meet with Russian President Vladimir Putin in Sochi, Russia, next week, according to the State Department.
Pompeo will meet with Putin and Russian Foreign Minister Sergey Lavrov on Tuesday to discuss "the full range of bilateral and multilateral challenges," the department said in a press release. Pompeo is scheduled to arrive in Moscow on Monday with a diplomatic team.
The two countries are facing tension on a number of fronts around the world, including in Venezuela, Iran and North Korea.
News of the trip comes one week after a lengthy phone call between President Donald Trump and Putin, the first such high-level conversation since special counsel Robert Mueller's report on Russian interference in the 2016 election was released to the public.
Trump said after the call that the two discussed the "Russian Hoax" in addition to a variety of other issues. But Trump said they did not talk about Russian interference in future U.S. elections.
The meeting also follows the abrupt cancellation this week of a meeting between Pompeo and Chancellor Angela Merkel of Germany. The State Department cited "pressing issues" at the time.
Pompeo met with Lavrov earlier this month. The two held talks in Finland on May 6, which Russian media said made the phone call between Trump and Putin possible.