Aug 23 Watch 7:22 How trade war and Trump’s rhetoric are further unsettling the economy The trade war between the U.S. and China escalated Friday, as China announced new tariffs on $75 billion of American goods. President Trump tweeted in response that American companies were “ordered” to find alternatives to China and that he would… Continue watching
Aug 23 Trump hikes tariffs on Chinese goods by 5 percentage points By Paul Wiseman, Jill Colvin, Joe McDonald, Associated Press Trump said Friday he is raising previously announced tariffs to 15 percent and 30 percent. Continue reading
Aug 23 China announces tariff hike on $75 billion of U.S. products By Joe McDonald, Paul Wiseman, Jill Colvin, Associated Press The tariffs of 10 percent and 5 percent take effect on two batches of goods Sept. 1 and Dec. 15. Continue reading
Aug 21 Watch 4:04 News Wrap: China urges U.S. to make a deal to end trade war In our news wrap Wednesday, China said its trade war with the U.S. is hurting both countries. A spokesman in Beijing also said that when it comes to international treaties, the U.S. “breaks promises” and “violates rules.” Meanwhile, Hong Kong… Continue watching
Aug 21 Beijing appeals to U.S. to ‘meet China halfway’ on trade By Associated Press A foreign ministry spokesman expressed hope Washington can "get along with us" and restore "mutually beneficial" trade. Continue reading
Aug 20 Watch 3:39 Trump defends China trade policy amid economic worries President Trump on Tuesday acknowledged that he is considering cutting taxes, but said the idea is not in response to recession fears. During an Oval Office meeting with the president of Romania, Trump touted the strength of the economy and… Continue watching
Aug 16 ‘You have to vote for me.’ Trump says U.S. economy depends on his reelection By Kevin Freking, Associated Press Speaking to a boisterous crowd at Southern New Hampshire University Arena, Trump dismissed the heightened fears about the U.S. economy. Continue reading
Aug 15 Is the U.S. really nearing a recession? By Christopher Rugaber, Associated Press Many economists worry that recession odds are rising. Here's why. Continue reading
Aug 13 U.S. delays tariffs on some Chinese goods, drops others By Paul Wiseman, Christopher Rugaber, Associated Press The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether. Continue reading
Aug 06 Watch 4:37 News Wrap: U.S., China exchange new threats on trade In our news wrap Tuesday, China’s central bank denied manipulating its currency to gain advantage in a trade fight with the U.S. Beijing urged Washington to pull back on trade aggression, but White House economic adviser Larry Kudlow countered that… Continue watching