President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, bolstering the case for an easing of the central bank's monetary policy.
The manufacturing index, relesaed Thursday, fell to 0.3 in June from 16.6 in May. That was the index's lowest read since February, when it hit zero. The print also came in well below a Dow Jones estimate of 9.3.
Lower prices contributed to the index's sharp drop, the Philadelphia Fed said. Its current prices-received index, which reflects manufacturers' own prices, plunged by 17 points to 0.6, its lowest level since October 2016.
Manufacturers "suggest weaker regional manufacturing conditions compared with last month," the Fed regional office said, noting that new orders, shipments and employment also fell this month.
The Philadelphia Fed's data came a day after the U.S. central bank opened the door to easier monetary policy in the near future. This led investors to price in a 100% probability of lower interest rates in July.
Investors have been clamoring for the Fed to lower rates as weaker data and persisting trade tensions dampen the global economic outlook.