trade war

A deepening trade war between the world's two largest economies is bad news for the oil business.
Getty Images via CNN
May 23, 2019 - 4:15 pm
By Matt Egan, CNN Business (CNN) - - A deepening trade war between the world's two largest economies is bad news for the oil business. US oil prices plummeted nearly 6% to a 10-week low of $57.91 a barrel on Thursday as fears about the US-China trade standoff intensify in global financial markets...
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Donald Trump and Xi Jinping
Chip Somodevilla; Fred Dufour/Getty Images
Steve Tawa
May 13, 2019 - 3:39 pm
PHILADELPHIA (KYW Newsradio) — While it's being referred to as a "trade war," a University of Pennsylvania professor believes the core of the U.S.-China dispute revolves around competition over the future of innovation and different business models between the two countries. Minyuan Zhao, an...
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Shoppers walk by foreign fashion boutiques at the capital city's popular shopping mall in Beijing, Monday, May 13, 2019.
Andy Wong/AP Photo
May 13, 2019 - 8:51 am
BEIJING (AP) — Deepening a trade battle and sending financial markets spinning, China announced Monday it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. The Finance Ministry said Monday the new penalty duties of 5% to 25% on...
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A man rubs his forehead as he monitors stock prices at a brokerage house in Beijing, Monday, May 13, 2019. Shares were mostly lower in Asia on Monday after trade talks between the U.S. and China ended Friday without an agreement.
Andy Wong/AP Photo
May 13, 2019 - 8:30 am
By Elaine Kurtenbach, AP Business Writer BANGKOK (AP) — Stock markets fell on Monday after trade talks between the U.S. and China wrapped up without an agreement, with economists warning that the escalating dispute over trade and technology would likely hurt economic growth. The CAC 40 in Paris...
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An electronic stock board shows Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 7, 2019.
Eugene Hoshiko/AP Photo
May 07, 2019 - 9:57 am
By Joe McDonald, AP Business Writer BEIJING (AP) — Global stock markets were mixed Tuesday after China said its economy czar will go to Washington for trade talks despite U.S. President Donald Trump's threat to escalate their tariff war. China's main stock index rose 0.7% and most other Asian...
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A woman touches a bull statue on display outside a bank in Beijing, Monday, May 6, 2019.
Andy Wong/AP Photo
May 06, 2019 - 8:14 am
By Joe McDonald, AP Business Writer BEIJING (AP) — Chinese envoys are preparing to travel to the United States for trade talks, a government spokesman said Monday, suggesting talks on ending a bruising tariff war will go ahead despite President Donald Trump's surprise threat to raise import taxes...
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In this Monday, Oct. 15, 2018 file photo, a container ship is loaded at the harbor in Hamburg, Germany.
AP Photo/Martin Meissner, file
April 09, 2019 - 11:45 am
By Carlo Piovano, Associated Press LONDON (AP) — The Trump administration wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in a move that some experts say marks another attempt by the administration to use tariffs to reshape global trade in its favor. The import...
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In this Nov. 2, 2017, file photo a recruiter from the postal service, right, speaks with an attendee of a job fair in the cafeteria of Deer Lakes High School in Cheswick, Pa.
Keith Srakocic/AP Photo, File
January 04, 2019 - 10:13 am
By Josh Boak, AP Economics Writer WASHINGTON (AP) — U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government. The...
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Federal Reserve Chairman Jerome Powell speak at a news conference in Washington, Wednesday, Dec. 19, 2018.
Susan Walsh/AP Photo
December 24, 2018 - 1:40 pm
By Josh Boak, AP Economics Writer President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell's job as Fed chairman was safe. "The only problem our economy has is the Fed,"...
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Jul 21, 2016; Cleveland, OH, USA; Arizona delegates help out to pack food bags at Greater Cleveland Food Bank as a part of Arizona delegation community project during the Republican National Convention.
Nick Oza/Arizona Republic via USA TODAY NETWORK
Kristen Johanson
October 01, 2018 - 5:35 pm
PHILADELPHIA (KYW Newsradio) — Farmers impacted by retaliation tariffs surrounding President Donald Trump's so-called trade war may get a bit of a reprieve from a new strategy, which may also benefit food banks. As part of a three-prong relief package to help farmers, the Department of Agriculture...
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