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
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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
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
May 15 (Reuters) - North Carolina's Attorney General filed a lawsuit against Juul Labs Inc on Wednesday, piling more pressure on the biggest U.S. e-cigarette maker that is already under intense scrutiny for its products' usage among teenagers.
Josh Stein, the first state attorney general to sue Juul, said the company's targeted marketing towards youth, while downplaying the potential harm its products can cause, resulted in an "epidemic" of vaping among minors.
Stein announced an investigation into Juul last October looking into its marketing practices and retail partners.
Juul's e-cigarettes resemble USB flash drives and work by vaporizing a nicotine-laced liquid.
Stein said he shared information from his investigation with other states and would not be surprised if they followed North Carolina's lead.
A Juul spokesman said the company had not yet reviewed the lawsuit, but has been cooperating with Stein's office.
E-cigarette makers are already under pressure from the U.S. Food and Drug Administration (FDA), which laid out plans in March to clamp down on the use of the popular nicotine devices among teens.
Juul, in which Marlboro maker Altria Group has a 35 percent stake, has already pulled popular flavors such as mango and cucumber from retail store shelves and shut down its social media channels on Instagram and Facebook.
Stein said he is requesting the North Carolina State Court to require Juul to limit the flavors sold in the state and delete customer data for those below 18. He also requested Juul pay civil penalties. (Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)