Apr 11 Watch 2:58 China raises tariffs on U.S. imports in latest escalation of trade war By Lisa Desjardins, Courtney Norris, Solveig Rennan The U.S. trade war with China continues to escalate with no apparent end in sight. On Friday, Beijing announced it would raise rates on American goods in retaliation to President Trump’s sharp increase in tariffs on the world’s second-largest economy. Continue watching
Apr 11 Watch 7:02 How Trump’s tariffs and trade war are impacting U.S. and global economies By Amna Nawaz, Diane Lincoln Estes, Azhar Merchant For a closer look at how President Trump's tariffs are already impacting the U.S. and global economies, Amna Nawaz spoke with Mary Lovely, a senior fellow who studies tariffs at the nonpartisan Peterson Institute for International Economics. Continue watching
Apr 11 Watch 6:29 Patriotism takes hold in Taiwan in face of growing threats from China By Nick Schifrin Taiwan is strengthening its military and society to fend off aggression from mainland China. In recent years, the people in Taiwan have increasingly identified themselves as Taiwanese, not Chinese, in everything from food to sports. Nick Schifrin reports for our… Continue watching
Apr 11 U.S. wholesale inflation falls offering possible relief, but trade war threatens to raise prices By Paul Wiseman, Associated Press Compared to a year earlier, producer prices rose 2.7%, down from a 3.2% year-over-year gain in February and much lower than the 3.3% economists had forecast. Continue reading
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