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 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 Trump claims countries are ‘cheating’ the U.S. on trade. What does that mean? By Louis Jacobson, PolitiFact While cheating on trade does happen — genuine accusations of it can be adjudicated at the World Trade Organization — the White House’s formula for calculating the tariff rates leaned on how much of a trade imbalance a country has… 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 10 Fact-checking Trump’s previous claim he wasn’t looking at pausing tariffs By Amy Sherman, PolitiFact For two days, Trump and the White House denied that he was considering changing his tariff plan, before doing just that on April 9. Continue reading
Apr 10 Wall Street drops roughly 3 percent, as markets continue to worry about possible trade war By Stan Choe, Associated Press The Dow Jones Industrial Average dropped 981 points, and the Nasdaq composite sank 3.7%. Even a better-than-expected report on inflation wasn't enough to get U.S. stocks to climb further. Continue reading
Apr 10 Trump told investors to ‘buy’ on social media hours before his tariff pause rose stocks, raising questions about manipulation By Bernard Condon, Associated Press Less than four hours after his post, Trump announced a 90-day pause on nearly all his tariffs. 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