ECONOMY

U.S. stocks nosedived Monday as China's currency fell sharply and raised fears that the U.S.-China trade war would keep escalating.

Stock Markets Take Another Hit As The Trade War With China Heats Up

5:11pm August 05, 2019

by Jim Zarroli

World stock markets saw sharp sell-offs after China let its currency slide, the latest move in its trade war with the United States. The Dow Jones Industrial Average closed down 767 points, or 2.9%.

A man walks past China's central bank, which appears to have orchestrated the yuan's fall against the U.S. dollar.

China's Currency Falls To Lowest Exchange Rate In 11 Years

1:53pm August 05, 2019

by Emily Feng

China's central bank appears to have orchestrated the yuan's fall against the U.S. dollar. A weaker currency makes Chinese goods more competitive on the world market.

"What really does set this list of products apart from all of the earlier tariffs are it's basically consumer goods," said Chad Bown, a trade analyst at the Peterson Institute for International Economics. "It's clothing, and toys, iPhones."

Get Ready For Higher Prices If New Tariffs Hit Goods From China, Retailers Warn

7:23pm August 02, 2019

by Scott Horsley

Retailers predict rising prices if President Trump goes through with his threat to add new tariffs to Chinese imports. Meanwhile, the White House announced a deal to boost beef exports.

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Economy

Trump Adviser Peter Navarro On Latest Tariffs

12:01pm August 02, 2019

President Trump says the U.S. will impose a new 10% tariff on $300 billion worth of products imported from China. NPR's David Greene speaks with White House trade adviser Peter Navarro.

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South Korean protesters gathered in front of the Japanese Embassy in Seoul on Friday, holding placards that denounce the Japanese government's decision regarding exports to South Korea.

Japan Drops South Korea From Favored Trade List As Long-Simmering Tensions Flare

11:11am August 02, 2019

by Anthony Kuhn

South Korea's finance minister said Seoul, in turn, will take Tokyo off its own list of trusted partners. Experts worry the dispute could undermine U.S. security ties with chief Asian allies.

A construction worker lays down shingles on the roof of a new house in Brandon, Miss., on June 19. Construction jobs rose 4,000 in July — below the 18,000 added in June and the 19,000 added in July 2018.

With Jobs Numbers Like These, It's Hard To See Why The Economy Is Slowing

10:21am August 02, 2019

The U.S. economy is slowing down, but it keeps creating jobs at a healthy pace. Employers added 164,000 jobs last month — as analysts had projected — and the unemployment rate held steady at 3.7%.

News Brief: More China Tariffs, FBI Questions Americans Who Studied In China

5:13am August 02, 2019

President Trump said the U.S. will impose more tariffs on products imported from China. Also, Americans who studied in China are being questioned by the FBI and Puerto Rico's governor is resigning.

A container ship sits in a berth at the Port of Oakland in California last year. President Trump announced additional tariffs on imports from China on Thursday.

Trump Ratchets Up U.S.-China Trade War With More Tariffs; Stocks Slide

5:33pm August 01, 2019

by Jim Zarroli

President Trump said the United States will impose a new 10% tariff on $300 billion worth of goods imported from China, saying Beijing had broken some of the promises it made in trade negotiations.

Economy

Federal Reserve Says A Slow In Manufacturing Is 1 Reason It Cut Interest Rates

4:20pm August 01, 2019

by Scott Horsley

Manufacturing has slowed amid global uncertainty. That's one of the reasons the Federal Reserve gave for cutting interest rates this week.

Economy

Recycling And The Mob

5:17am August 01, 2019

by Sarah Gonzalez

We kind of owe recycling to the Mafia and a 1987 garbage barge that couldn't dock anywhere. That's when cities started sending trucks to everyone's homes to pick up glass bottles and cardboard boxes.

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