Things4Business

China warns U.S. to stop 'wrong' trade actions or face consequences

China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences if it does not end its "wrong actions".

China to fight back against U.S. tariff move: People's Daily

China will fight back against the latest U.S. step to increase tariffs on Chinese goods, the ruling Communist Party's People's Daily said on Sunday amid an escalating trade war between the world's two largest economies.

UK PM Johnson to tell Trump to de-escalate trade tensions

British Prime Minister Boris Johnson said on Saturday he would tell President Donald Trump at this weekend's G7 summit to pull back from a trade war that is already destabilizing economic growth around the world.

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies.

Fed's commitment to act upstaged by Trump's furor

Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump.

World needs to end risky reliance on U.S. dollar: BoE's Carney

Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.

Explainer: What tools could Trump use to get U.S. firms to quit China?

Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.".

Fed's Mester sees downside risk from escalating trade war

Cleveland Federal Reserve President Loretta Mester said on Saturday she sees "big downside risk" from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank's next policy meeting.

China to raise import tariffs on U.S. scrap copper, aluminum from December 15

China will impose an extra 5% tariff on imports of copper scrap and aluminum scrap from the United States from Dec. 15, according to a list of retaliatory tariffs published by the Ministry of Finance late on Friday.

Oil spills into U.S.-China trade war, prices slump

China said on Friday it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand.

FTC, AT&T settle 2014 lawsuit over data slowdowns: court

The Federal Trade Commission (FTC) and AT&T Inc reached a settlement agreement on a 2014 case that accused the company of slowing down data sent to wireless devices, a federal court ruling showed on Friday.

Trump administration considers boost to biofuel mandates to ease farmer anger: sources

The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad use of waivers for small refineries, but is not planning to rescind any of the exemptions it has granted so far, four sources familiar with the matter said.

Top U.S. publishers sue Amazon's Audible for copyright infringement

Amazon.com Inc's Audible was sued by some of the top U.S. publishers for copyright infringement on Friday, aiming to block a planned rollout of a feature called 'Audible Captions' that shows the text on screen as a book is narrated.

Trump presses U.S. companies to close China operations

President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S. markets down sharply in a new rhetorical strike at Beijing as trade tensions mounted.

Qualcomm wins a pause in enforcement of FTC ruling

Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the U.S. Federal Trade Commission (FTC), according to a court filing on Friday.

Japan, U.S. reach framework trade pact, no U.S. concessions seen - Nikkei

The United States and Japan have reached the broad framework of a trade agreement, Japan's Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles.

Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars: Nikkei

The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan's Nikkei business daily said on Saturday.

Wall Street Weekahead: Investors look at dollar stores as U.S. recession fears increase

More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc , which perform better during economic downturns, in the hopes of gauging changes in consumer behavior, though higher tariffs may erode the companies' ability to act as economic bellwethers.

Factbox: From phone makers to farmers, the toll of Trump's trade wars

The world's two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.

Key dates in the U.S.-China trade war

Hopes for settlement of the yearlong U.S.-China trade war dimmed further on Friday as China said it will slap retaliatory tariffs on about $75 billion worth of U.S. goods, the latest escalation in the dispute between the world's two largest economies.