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
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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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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 as investors sold safer Treasurys in favor of riskier assets like stocks following the release of strong economic data.
Rates rose after the Commerce Department said housing starts rose by 5.7% in April to a seasonally adjusted annual rate of 1.235 million. Economists polled by Refinitiv expected housing starts to rise by 1.205 million.
Weekly jobless claims, meanwhile, fell to 212,000 last week. Economists expected claims to fall to 220,000 from 228,000.
The strong economic data helped quell some of the fears surrounding the ongoing U.S.-China trade war. Also easing trade angst are the Trump administration's plans to delay auto tariffs by up to six months. The planned delay appeared to help calm markets that had feared Trump would anger the European Union and Japan.
The European Union, for example, has already prepared a list of retaliatory duties to implement if Trump targets autos.
"The safe haven trade is being reversed a bit after the President announced that some of the tariffs wouldn't go into effect for certain goods," Kevin Giddis, head of fixed income capital markets at Raymond James, wrote in a note. "This gave rise to a selling of flight-to-quality assets, and the more orderly reinvestment into riskier assets."
On Wednesday, the U.S. Department of Commerce announced the addition of Huawei Technologies and its affiliates to the Bureau of Industry and Security (BIS) Entity List, making it more difficult for the Chinese telecom giant to conduct business with U.S. companies.
—CNBC's Fred Imbert contributed to this report.