With President Donald Trump intensifying his rift with U.S. trading partners, economists are growing more doubtful that any deal that might benefit American workers and companies is in sight.
The Trump administration to date has slapped tariffs on $34 billion of Chinese goods in a trade dispute over what it calls the nation's predatory practices.
China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute.
The measure, which passed by an 88-11 vote, directs Capitol Hill negotiators trying to reconcile separate spending bills to include language giving Congress a role when such tariffs are put in place.
Here's a look at what tariffs are, how they work, how they've been used in the past and what to expect now.
The U.S. economy surpassed expectations in June, adding more jobs than expected even as the unemployment rate rose slightly to 4 percent.
The world's two biggest economies fired the opening shots Friday in a trade war that could have wide-ranging consequences for consumers, workers, companies, investors and political leaders.
European Commission spokesman Margaritis Schinas said Monday the U.S. investigation into the possibility of auto tariffs "lacks legitimacy, factual basis and violates international trade rules," just like last month's U.S. tariffs on steel and aluminum imports.
The threat of auto tariffs "risks undermining GM's competitiveness against foreign auto producers," according to General Motors in a filing Friday with the U.S. Commerce Department.
WASHINGTON — President Donald Trump on Tuesday denied that his trade policy is responsible for Harley-Davidson's decision to shift some motorcycle production overseas.
