trade war

Visitors look at a Cadillac Escalade at the China Auto Show in Beijing in 2018. For General Motors, China is a bigger market than the United States.

U.S. Companies In China Get Caught In The Trade War Crossfire

7:56pm August 27, 2019

by Jim Zarroli

President Trump recently tweeted that American companies would be better off without China. But many American companies earn a significant portion of their profits there.

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French President Emmanuel Macron (left) and President Trump participate in a G-7 working session. Trump is in Biarritz, France, for the G-7 summit of the world's biggest economic powers.

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Trump Walks Back Statements On China; White House Walks Them Forward

1:39pm August 25, 2019

by Shannon Van Sant

The president said he was having second thoughts after hiking tariffs on Chinese goods and threatening to force U.S. companies out of China. The White House said his comments were misinterpreted.

President Trump announced higher U.S. tariffs on goods from China. "Our great American companies are hereby ordered to immediately start looking for an alternative to China," he tweeted. It was unclear what Trump could do to force U.S. firms to make such

Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points

5:50pm August 23, 2019

by Avie Schneider

President Trump's move came after Beijing announced tariffs on $75 billion worth of autos and other U.S. goods. In a tweet, he also "ordered" U.S. companies to stop doing business with China.

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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President Trump and China's leader Xi Jinping leave a business leaders event in Beijing in 2017. Relations involving trade and other areas between the two countries have deteriorated.

Big Chill With China Takes Its Toll On Flow Of Money, People And Ideas

12:48pm August 07, 2019

by Emily Feng

As tensions deepen, the flow of tourists, students, researchers and entrepreneurs has slowed between the U.S. and China.

Currency dealers monitor exchange rates at the KEB Hana Bank in Seoul, South Korea. China's currency and the U.S. stock market stabilized Tuesday, after a dramatic drop the day before.

U.S.-China Trade War Spreads From Tariffs To A Battle Over Currencies

7:55pm August 06, 2019

by Scott Horsley

China's currency and the U.S. stock market stabilized Tuesday, after a dramatic drop the day before. Experts say the Trump administration was wrong to accuse China of currency manipulation.

The Dow Jones Industrial Average closed down Monday, as did the S&P 500 and Nasdaq, as trade tensions between the U.S. and China increased.

Treasury Declares China A 'Currency Manipulator,' Escalating Trade War

6:58am August 06, 2019

by Scott Horsley

The Trump administration made the declaration after Beijing allowed its currency to drop sharply. China's move triggered a sell-off on Wall Street.

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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.