U.S. tariffs on $16 billion of Chinese goods to take effect this week
U.S. is set to imposed tariffs on a further $16 billion on Chinese goods on Aug. 23, and China has promised to respond in kind. Still, Chinese and U.S. official are set to meet in Washington this week for talks.
Merkel, Putin tackle tough topics in meeting outside Berlin
Russian President Vladimir Putin and German Chancellor Angela Merkel met outside Berlin on Saturday for talks ranging from the conflicts in Ukraine and Syria, to Iran and a gas pipeline project that has drawn U.S. ire.
U.S. Decoupling From the Rest of the World
Turkey's currency crisis, trade fears and other geopolitical tensions sent European banks, EM equities and copper to bear territory this week. But the U.S. remained unscathed. U.S. equity bulls shrugged off a slew of market routs elsewhere to see no end to the SPX's decoupling impulse.
U.S. digs in for trade war as job growth hums along
The latest U.S. jobs report showed the kind of gains that justify the Federal Reserve’s plans to keep raising interest rates and also give central bankers little urgency to pick up the pace.
U.S. Adds 157,000 Jobs in July, Jobless Rate Falls to 3.9%
U.S. payrolls increased by 157,000 in July while the unemployment rate decreased to 3.9 percent and annual wage gains held steady at 2.7 percent.
China to impose $60 billion of U.S. import tariffs
China announced a list of $60 billion worth of U.S. imports that will face tariffs ranging from 5 percent to 25 percent if the Trump administration follows through on its latest trade threats.
Tesla is said to plan $5 Billion investment in Chinese factory
Tesla Inc. plans to invest $5 billion building a factory in China as the trade war with the U.S. makes establishing production in the world’s fastest-growing auto market more imperative for the electric-car pioneer, a person familiar with the matter said.
U.S. economy expanded at 4.1% pace in 2Q
Simona Mocuta, senior economist at State Street Global Advisors, and Lisa Hornby, fixed income portfolio manager at Schroders, examine U.S. second-quarter economic growth.