Consumer Sentiment Rose in May as Trade War Heated Up
Consumer sentiment improved from its April slump but fears that tariffs could raise prices pushed up inflation expectations.
Consumer sentiment improved from its April slump but fears that tariffs could raise prices pushed up inflation expectations.
President Donald Trump may have found a way to fulfill one of the more ambitious — and controversial — pledges from his 2016 campaign: making Mexico pay for the wall.
President Donald Trump made good on a promised immigration announcement Thursday night, proclaiming he will increase tariffs on Mexico.
China’s state controlled orders of U.S. soybeans have been halted, according to a report from Bloomberg.
China accused the United States of waging “naked economic terrorism” against it on Thursday as Beijing escalated the rhetoric surrounding its trade war with America.
The Global Times says it has “absolute confidence that China will win and deal a knockout blow to the US economy.”
Chinese state media warn the U.S. not to underestimate the willingness of China to hit back against attempts to “curb” Huawei.
In a half-century in Washington — spanning 36 years in the Senate and eight in the Obama administration — Joe Biden has flip-flopped on most major issues. On other issues, his former positions are no longer viable within the Democratic Party.
The Global Times reported that an official had implied China could use its near monopoly of rare-earths in trade war.
Defying predictions that the trade war would prompt consumers to pull back, confidence soared to near 18-year highs in May.|
Billionaire Huawei founder Ren Zhengfei brushed off the idea that the company could be included in trade negotiations between the United States and China.
“The best 5G technology is made by a Chinese company called Huawei,” Daily Show host Trevor Noah says in a clip that ran on state TV.
At a press conference in Japan, Donald Trump said that China probably wants a trade deal but the time is not right.
The news was reported by Fox News anchor John Roberts after he had a phone call with the president.
President Donald Trump directed assistance for America’s farmers while long-term trade deals are negotiated, leading the Agriculture Secretary to announce $16 billion in aid Thursday.
It all rests on the false assumption that moving out of China necessarily means moving to a less efficient producer.
Tariffs on Chinese goods are likely to go up as China points the finger at the U.S. for the collapse of trade talks.
American voters like today’s economy so much that the percentage who say it is “excellent” or “good” represents 71 percent. That’s the highest total number in almost 18 years, according to a Quinnipiac University National poll issued on Tuesday.
China is prepared to use its domination of raw materials used in virtually all high-tech manufacturing to gain leverage in the trade dispute.
“America First” has been a success — which is why Democrats are struggling to come up with an answer to Donald Trump’s foreign policy.
Instead of opening new fronts in the trade war, the Trump administration will send a trade hawk to negotiate with Europe and Japan.
Vice President Mike Pence took the Trump administration’s call on Congress to Wisconsin manufacturing Thursday, pushing passage of the U.S.-Mexico-Canada Trade Agreement (USMCA).
New evidence that the so-called ‘nuclear option’ in the trade fight is not really the threat many feared.
One of the best indicators of economic growth points toward acceleration in May and shows no signs of trade war strain.
The Dow added more than 200 points on Tuesday as investors recovered from their tariff jitters. Tech stocks performed best.
When President Trump was asked by a reporter if he believed he could win the trade war, he responded confidently, “You know what? You want to know something? We always win.”
The prices of Chinese goods imported to the U.S. fell in April by 0.1 percent after holding steady in March. Prices are down 1.1 percent over the past twelve months. Import prices reported by the Labor Department do not include
President Donald Trump defended his new tariffs on Chinese products in the ongoing trade battle on Tuesday, promising that a deal was on the horizon.
“Fair trade is important,” Biden said to the Associated Press while campaigning in New Hampshire. “Not free trade. Fair trade. And I think that back in the time during the Clinton administration, it made sense at the moment.”
Henry Olsen said “re-balancing” U.S.-China trade and fighting America’s “addiction” to profits from China is Donald Trump’s priority.
Mayor Pete Buttigieg criticized President Donald Trump’s handling of the China trade battle on Monday, accusing him of needlessly provoking one of the “most strategic countries ever.”
President Donald Trump emphasized Monday the U.S. could employ tariffs on yet another $325 billion in Chinese goods while revealing that decision has yet to be made.
The major stock indexes all declined on Monday as the market digested the news that China would retaliate against U.S. tariffs.
“The only people paying the price are farmers and working people right now,” he said. “He’s going about it all the wrong way, a lot of bravado, no action.”
Falling inflation expectations diminish the risk of prices rising and could pressure Fed to cut rates sooner.
Democrats may be tempted to deny Trump a “win” by voting against aid for farmers. But that could be very costly in 2020
The trade dispute escalated Monday when China once again responded to U.S. tariffs by raising tariffs of its own.
Vice President Mike Pence reassured Minnesota farmers this week that the Trump administration is working “literally hour by hour to reach an agreement with China.”
“The President also ordered us to begin the process of raising tariffs on essentially all remaining imports from China,” Lighthizer said.
Trump’s tweets seemed to provide some comfort to Wall Street. Stocks jumped higher right after they hit the digital airwaves.