TradeWar

  • Companies that could close and lay off workers due to Trump’s Trade War

    The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn’t show signs of slowing down. Left in the fray: Companies, American workers and consumers. The list of companies affected, either by planning to close plants, laying off employees, tossing out...
  • Is President Trump’s trade war costing consumers already ???

    This is how a trade war begins. The Trump administration imposed a 25 percent tax on $34 billion worth of Chinese imports July 6, mostly on parts imported to manufacture U.S. goods. China retaliated with taxes on an equal amount of U.S. products, including soybeans, electric cars and pork....
  • The Latest: Trump defends US trade dealings with China

    WASHINGTON (AP) — The Latest on U.S.-China trade talks (all times local): 8:45 a.m. President Donald Trump is defending his administration’s trade dealings with China a day after his Treasury secretary said the two countries were putting a trade war “on hold.” Trump tweeted Monday: “China has agreed to...
  • U.S. Won’t Impose Tariffs on China After Trade Talks, Mnuchin Says

    The Trump administration won’t impose tariffs on Chinese products for now, after the two nations made progress on trade issues during two days of talks, Treasury Secretary Steven Mnuchin said. “We’re putting the trade war on hold. So right now, we have agreed to put the tariffs on hold...
  • U.S., China launch trade talks to avert tariff war, economic damage

    WASHINGTON (Reuters) – The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China’s U.S. trade surplus and greater protections for intellectual property. U.S. President Donald Trump...
  • Stock Market Drops 500 Points Following China-U.S. Trade Dispute

    (NEW YORK) — Stocks are opening sharply lower on Wall Street as an escalating trade dispute between the U.S. and China poses a threat to global economic growth and corporate profits. The Dow Jones industrial average fell about 500 points at the open, with energy, industrial and materials sectors...
  • Tesla and China trade war: Elon Musk’s belief China will outsell US gets a new test

    The Tesla showroom at Parkview Green Shopping Mall in Beijing. Electric-car maker Tesla opened its first store in Beijing in 2013. Tesla founder and CEO Elon Musk has long believed China will be a huge driver of electric vehicle sales, even outranking the U.S. one day. Wall Street analysts...
  • Stocks fall again !

    Stocks fell sharply again Thursday as tech shares declined. Stocks were also pressured by worries of a potential trade war. The Dow was down 375 points after tumbling nearly 500 points earlier, with Caterpillar and Boeing the biggest decliners. The S&P 500 fell 1.3 percent, with tech dropping 1...
  • Trump Is Expected to Hit China With $50 Billion in Tariffs Today

    President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations on Thursday, according a person familiar with the matter. The president is considering targeting more than 100 different types of Chinese goods, according to the person, who spoke on the condition of...