U.S. imposes new restrictions on Chinese tech giant Huawei
In an effort to cut off Huawei’s undermining of existing U.S. sanctions, the U.S. government is imposing new resctrictions on the Chinese tech giant by limiting its ability to use American technology to build its semiconductors.
U.S. trade deficit falls to lowest level in 5 months
The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells shrank by 4.7% to $52.5 billion.
U.S. retail sales dip 0.3 percent in September
Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending.
2nd quarter GDP growth revised down slightly to 2 percent
The new estimate was lower than the government's initial estimate a month ago of 2.1% annual growth.
The nation's gross domestic product grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department estimates.
In an interview with The Associated Press, Attorney General William Barr said the Trump administration will take action in the coming days that he believes will allow the government to ask the controversial question.
U.S. consumers could pay 38 percent to 70 percent more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports, according to Mexico's Economy Department.
Years of price gains eclipsing income growth has left many buyers unable to afford a home, possibly suppressing construction activity.
Commerce Secretary Wilbur Ross, one of the richest people in President Donald Trump's Cabinet, questioned Thursday why furloughed federal workers were using food banks instead of taking out loans to get through the monthlong partial government shutdown.
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