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
Apr 09 China raises tariff on U.S. goods to 84% and vows to 'fight to the end' By Huizhong Wu, Associated Press President Donald Trump has raised tariffs on China to 125%, hours after China boosted tariffs on American goods to 84% and vowed to “fight to the end.”… Continue reading
Apr 09 Trump backs down on most tariffs for 90 days but raises rate on Chinese imports to 125% By Josh Boak, Associated Press Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports. Continue reading