Economy
World Economy
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President Donald Trump's misguided threat to impose steep tariffs on Chinese exports to the U.S. would inflict harm on American consumers. To understand why, take a close look at his iPhone. » Read More
By: Evelyn Cheng
White House trade advisor Peter Navarro said Tuesday he has no knowledge of an exemption for Apple's iPhones in U.S. trade talks with China. » Read More |
By: Evelyn Cheng
Soybean futures plunge to their lowest in more than nine years following renewed concerns about a U.S.-China trade war. » Read More |
By: Stefan M. Selig, former Obama trade official
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. » Read More |
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- 'Belligerent' US trade stance could hurt America's iconic companies most, economist Jim O'Neill says
America's biggest companies will be the ones to suffer if the U.S. plows ahead with tariffs on China, economist Jim O'Neill says.
Caught in the trade fight, Apple CEO Cook has become something of an envoy while trying to protect Apple’s business in China.
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"Our view is that all fiat currency will be crypto," Jeremy Allaire, who co-founded Circle in 2013, told CNBC.
CNBC asked analysts what constitutes a trade war amid the latest escalation in U.S.-China trade tensions.
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.
After North Korea, China was the biggest beneficiary of Trump's summit with Kim Jong Un, some political experts say. US News & World Report has the story.
Kathie Leonard filed an anti-dumping case with the Department of Commerce. Eighteen months and nearly $ 1 million later, the DOC ruled in in favor of her company, leveraging a 200 to 300 percent tariff on Chinese competitors' product.
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The sum is part of a total of a $3 billion aid and investment pledge from the UAE to Ethiopia announced Friday.
Lufthansa is in contact with Norwegian Air Shuttle, the German group's chief executive told a German daily, sending Norwegian's shares higher.
Japan's exports rose in May at the fastest pace in four months thanks to increased shipments of cars, car parts, and semiconductor equipment in a sign that global demand is gaining strength.
The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes.
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.
It's been a big week for central banks with the Federal Reserve and European Central Bank each tinkering with monetary policy. This represents a change in the winds for global markets, says Wells Fargo's Michael Schumacher.
Russia and Saudi Arabia reinforced their partnership as OPEC is set to grapple with some thorny issues, like declines of supply from Venezuela and the effect of renewed U.S. sanctions on Iran.
Trade tensions with China will likely affect semiconductor stocks and two casino and hotel operators the most, says Morgan Stanley.
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