The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $ 200 billion worth of Chinese imports, including numerous consumer items, sending stocks in Asia skidding. Reuters: Business News
The United States and China slapped tit-for-tat duties on $ 34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict. Reuters: Business News
The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year. Reuters: Business News
A U.S.-China trade fight resulting in duties on $ 34 billion worth of each other’s imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions. Reuters: Business News
BEIJING/WASHINGTON (Reuters) – U.S. tariffs on $ 34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world’s two biggest economies took a high-stakes turn toward all-out trade conflict. Reuters: Business News
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OTTAWA/WASHINGTON (Reuters) – Canada struck back at the Trump administration on Friday over U.S. steel and aluminum tariffs, vowing to impose punitive measures on C$ 16.6 billion ($ 12.63 billion) worth of American goods until Washington relents. Reuters: Business News
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WASHINGTON (Reuters) – Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. Reuters: Business News
TOKYO (Reuters) – Asian shares stumbled to their lowest in six months on Friday, hurt by signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy before an OPEC meeting to discuss raising output. Reuters: Business News
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $ 200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies quickly escalated. Reuters: Business News
WASHINGTON (Reuters) – U.S. President Donald Trump’s new trade tariffs will lop at most a couple of tenths of a percentage point off U.S. growth and add a similar amount to inflation, small fry for a $ 19 trillion economy that is experiencing its second longest economic expansion on record. Reuters: Business News
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $ 50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Reuters: Business News
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump announced hefty tariffs on $ 50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies. Reuters: Business News
LONDON (Reuters) – World shares fell and were set to end the week in the red on Friday while the dollar climbed to a seven-month high, as investors braced for a list of Chinese goods targeted in a first round of announced tariffs by the United States. Reuters: Business News
Gary Hartman voted for Trump and thought tariffs would save the factory he runs in Berwick, Pennsylvania. Now he’s not so sure they’re coming. Business and financial news – CNNMoney.com