(AP Photo/Keith Srakocic, File)
AP News
August 23, 2019 - 5:49 pm
By JOE McDONALD, PAUL WISEMAN and JILL COLVIN The Associated Press WASHINGTON (AP) — Escalating his trade war with China, President Donald Trump bumped up his tariffs on Chinese imports Friday, lashing back after Beijing raised taxes on U.S. products. In a tweet, Trump said he would be raising...
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(AP Photo/Charles Krupa, File)
Gary Hess
August 20, 2019 - 4:56 pm
By MICHELLE CHAPMAN and JOSH BOAK AP Business Writers Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's...
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(Chinatopix via AP)
August 06, 2019 - 12:13 pm
By JOE McDONALD AP Business Writer BEIJING (AP) — China stabilized its currency Tuesday, suggesting it might hold off from aggressively letting the yuan weaken as a way to respond to U.S. tariffs on Chinese goods. The yuan declined to 7.0562 to the dollar before strengthening back to 7.0297 in the...
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(AP Photo/Kin Cheung, File)
August 05, 2019 - 5:51 pm
By PAUL WISEMAN and JOE McDONALD AP Business Writers WASHINGTON (AP) — China decided Monday to meet President Donald Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products. The moves, which came four days after Trump...
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(AP Photo/Richard Drew)
August 05, 2019 - 2:18 pm
By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks tanked again Monday on worries about how much President Donald Trump's worsening trade war will damage the economy, and the S&P 500 was headed for its worst drop since late last year, when the market was wrapped in the...
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In this Friday, Jan. 11, 2019, photo, workers moor a container ship at a port in Qingdao in east China's Shandong province. (Chinatopix via AP)
(Chinatopix via AP)
January 14, 2019 - 12:33 pm
By JOE McDONALD , AP Business Writer BEIJING (AP) — China's 2018 trade surplus with the United States surged to a record $323.3 billion, but exports contracted in December as the delayed impact of President Donald Trump's tariff hikes started to hurt demand. Exports to the United States in 2018...
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