ECONOMY

Stocks fell sharply on Wednesday amid troubling economic data that could signal a global recession.

Economy

Dow Tumbles 800 Points As Bond Markets Signal Recession

10:52pm August 14, 2019

Some worry a trade war is hurting the global economy. The yield on the benchmark 10-year Treasury note fell below that for two-year Treasurys — a phenomenon that strongly predicts a recession.

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Economy

Trump Administration To Postpone Some China Tariffs

11:57am August 14, 2019

NPR's David Greene talks to David Wessel, director of the Hutchins Center at the Brookings Institution, about U.S. plans to delay some new tariffs on Chinese imports until December.

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Frog meat is among the many items imported from China that had been facing tariffs in a few weeks, but now the tariffs are delayed until December.

Trump's New Tariff Target List: Flags In, Bibles Out, Frog Meat Delayed

7:36pm August 13, 2019

The Trump administration tweaked its list of Chinese imports subject to a 10% tariff this fall. We found some surprises buried in the thousands of tariff line items.

A truck passes a stack of China Shipping containers at the Port of Savannah in Georgia on July 5, 2018. The Trump administration is delaying some tariffs from taking effect until December.

Trump Administration Delays Some China Tariffs

6:24pm August 13, 2019

by Scott Horsley

The Trump administration is postponing some tariffs on Chinese imports set to take effect on Sept.1. Tariffs on laptops, cellphones, some clothing and other items are now set to begin Dec. 15.

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Economy

Trump Administration Postpones Tariffs On Some Popular Chinese Imports

5:13pm August 13, 2019

by Scott Horsley

The Trump administration is postponing tariffs on some popular Chinese imports from Sept. 1 until Dec. 15. The move is a significant retreat in the trade war. Stocks rose on the news.

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President Trump claims credit for surging U.S. oil and gas production, but the trend began before he took office.

Energy Boom That Trump Celebrates Began Years Before He Took Office

9:00am August 13, 2019

by Scott Horsley

President Trump tours a Pennsylvania petrochemical plant Tuesday to highlight the U.S. energy boom. Trump claims credit for surging oil and gas production, but the trend began before he took office.

There's something strange with our economy.

Is Our Economy In The Upside Down?

6:30am August 13, 2019

by Greg Rosalsky

Ten years after the financial crisis, it's like we're in another economic dimension. The old rules don't apply. Textbooks are being thrown out the window. It's time to talk about secular stagnation.

An employee of the Mutilated Currency Division cuts a damaged dollar to "duplicate" it and identify other bills with the cut fragment.

Economy

Cash Back Guarantee: The U.S. Redeems Damaged Bills Because The Dollar Depends On It

2:34pm August 11, 2019

by Josh Axelrod

The Treasury reviews some 24,000 cases a year and reimburses around $30 million to people whose money has been burned, flooded or otherwise damaged. This service helps underpin the dollar's integrity.

A Chinese bank employee counts 100-yuan notes and dollar bills at a counter in Nantong, in China's eastern Jiangsu province, on Tuesday.

A U.S.-China Currency War? What You Need To Know

11:05am August 11, 2019

by Emily Feng

After China let its yuan drop in value, the U.S. accused the country of being a "currency manipulator." Here is how China manages its money and what a dispute with the U.S. could mean.

How Much Worse Can U.S.-China Trade Relations Get?

5:00pm August 09, 2019

by Emily Feng

The Chinese government is trying to respond to President Trump's tariffs with measures of its own, but Beijing has its own pressures that might make a longterm strategy difficult to maintain.

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