Apr 11 WATCH: White House holds news briefing as China again retaliates against Trump tariffs By Hannah Grabenstein Trump “would be gracious if China intends to make a deal with the United States,” White House press secretary Karoline Leavitt said Friday. “If China continues to retaliate, it's not good for China.”… Continue reading
Apr 11 China responds to new Trump tariffs, will raise rate on American goods to 125 percent By Associated Press It was the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown. Continue reading
Apr 11 Stocks jump, bonds swing while falling U.S. dollar indicates more fear amid trade war By Stan Choe, Associated Press Friday’s swings came after a set of stronger-than-expected profit reports from some of the biggest U.S. banks, which traditionally help kick off each earnings reporting season. Continue reading
Apr 10 U.S. stocks dove as Wall Street euphoria reverted to concern over U.S.-China trade war By Stan Choe, Associated Press The losses for U.S. stocks accelerated Thursday after the White House clarified that the United States will tax Chinese imports at 145 percent, not the 125 percent rate that President Donald Trump had written about in his posting on Truth… Continue reading
Apr 10 Watch 3:59 Trump defends enormous tariffs on China as markets take another dip By John Yang, Solveig Rennan Markets dropped again Thursday as investors and businesses focused on the escalating U.S.-China trade war and what it could mean for the economy. For his part, President Trump showed no immediate signs of easing the Chinese tariffs. John Yang reports. Continue watching
Apr 10 Watch 5:50 Solution to U.S.-China trade war ‘may take a while,’ AEI’s Derek Scissors says By Amna Nawaz, Courtney Norris, Jackson Hudgins Markets flashed more warning signs over the enormous tariffs placed on Chinese imports by President Trump. To discuss the concerns around China's trade relationship with the U.S., Amna Nawaz spoke with Derek Scissors, a senior fellow for the American Enterprise… Continue watching
Apr 10 Before Trump ramped up tariff threats, inflation was cooling By Christopher Rugaber, Associated Press Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday. Economists warned that the data is mostly backward-looking and likely to be overtaken by the impact of the tariffs that President Donald Trump… Continue reading
Apr 10 China reaches out to other nations as Trump layers on tariffs By Christopher Bodeen, Associated Press China is reaching out to other nations as the U.S. layers on tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat. Continue reading
Apr 09 Watch 13:07 Trump pauses many of his tariffs but raises rate on China By Lisa Desjardins, Ryan Connelly Holmes, Amna Nawaz President Trump stunned many by pausing higher tariff rates on most other countries for 90 days. But the president raised tariffs on Chinese imports to 125 percent after Beijing retaliated overnight. This led to a historic day of rallies in… Continue watching
Apr 09 Watch 4:02 What tariffs and trade war threats mean for the U.S. footwear industry By Amna Nawaz, Diane Lincoln Estes In the United States, the vast majority of shoes sold are imported. That means tariffs are a real issue for the footwear industry. Amna Nawaz discussed more with Matt Priest, president and CEO of the Footwear Distributors and Retailers of… Continue watching