As China and the U.S. near a trade war, both nations bring different weapons to the table. For the U.S., it's direct tariffs on the plethora of goods it imports, while for China the calculus is a little different. » Read More
By: Natasha Turak
Escalating trade tariffs between the world's two largest economies and an ongoing currency sell-off will keep pressure on the bank's policy makers. » Read More
By: Nyshka Chandran
President Donald Trump has requested the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent. » Read More
U.S. homebuilding accelerated in both single-family and multi-family home construction. » Read More
Failed trade talks between the U.S. and China in June have culminated in the world's two largest economies making good on their threats—with both countries announcing billions of dollars of tariffs on each other's goods.
China's Commerce Ministry said on Tuesday morning that it will take counter measures if the U.S. publishes an additional tariffs list.
President Donald Trump told Apple CEO Tim Cook that the government would not levy tariffs on iPhones assembled in China, the New York Times reported, citing a source familiar with the negotiations.
The sum is part of a total of a $3 billion aid and investment pledge from the UAE to Ethiopia announced Friday.
The latest escalation came on Friday, when President Trump announced fresh tariffs on $50 billion in Chinese goods, prompting swift retribution from Beijing, The New York Times reports.
The U.S. economy is likely to grow faster than expected, according to a Goldman Sachs tracker model.
U.S. tariffs on $50 billion of China goods were imposed Friday to protect U.S. intellectual property and technology. It prompted China to retaliate.
Consumer sentiment jumped in the beginning of June, moving opposite of expectations and heading back toward levels seen earlier this year.
Trump says he's taking the action "in light of China's theft of intellectual property and technology and its other unfair trade practices."
China's Commerce Ministry said Friday that it will respond immediately on the same scale to the Trump administration's new tariffs on Chinese goods worth up to $50 billion.
The expected tariffs against $50 billion worth of Chinese goods will escalate trade tensions between the U.S. and major economies around the world.
Surging consumer spending is driving GDP well above prior estimates, and it is now tracking near 4 percent for the second quarter, almost doubling the pace of the first quarter.
On Friday, the White House is expected to unveil a revised list of between 800 and 900 products from China it will impose tariffs on.
Farmers expressed uneasiness ahead of the White House's expected decision Friday to impose tariffs on Chinese products.
The Trump administration's tariff list is expected to include between 800 and 900 Chinese products.
China said on Friday it would respond quickly to protect itself if the United States hurts its interests.