China Warns of ‘Justified and Necessary Response’ to Trade War thumbnail
Business

China Warns of ‘Justified and Necessary Response’ to Trade War

China’s Foreign Minister Wang Yi vowed a “justified and necessary response” to any efforts to incite a trade war, in the country’s most forceful response yet to U.S. President Donald Trump’s threatened trade actions. A trade war would hurt both the actor as well as the intended target, Wang told a news briefing on the…

Buy-the-Dip Believers Rejoice After White House Tries to Ease Trade Tension thumbnail
Business

Buy-the-Dip Believers Rejoice After White House Tries to Ease Trade Tension

Gary Cohn’s departure from the White House won’t end the bull market, at least not yet. The S&P 500 Index stormed back from losses of almost 1 percent to end little changed, as investors heeded a strategy that’s worked more often than not during the nearly nine-year bull run: Buy the dip. This time the…

Gary Cohn to Resign as Trump Economic Adviser After Trade Dispute thumbnail
Business

Gary Cohn to Resign as Trump Economic Adviser After Trade Dispute

Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed. “It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic…

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World

Trump embracing potential for trade war

WASHINGTON (AP) — President Donald Trump is embracing the potential for a trade war after announcing his intent to place tariffs on imported steel and aluminum, as he rebuffs allies who have pushed to be exempted from the stiff duties. The protectionist policy will be made official in the next two weeks, White House officials…

China Pig Feed King Says U.S. Trade War Will Hurt thumbnail
Business

China Pig Feed King Says U.S. Trade War Will Hurt

The man who runs China’s biggest consumer of American soybeans said he hopes his country will avoid a clash with the U.S. over trade, though his firm can line up alternative suppliers if necessary. “We hope that China and the U.S. will not have a trade war, which is also in line with the interests…

EU Threatens Iconic U.S. Brands After Trump Opens Door to Trade War thumbnail
Business

EU Threatens Iconic U.S. Brands After Trump Opens Door to Trade War

President Donald Trump set the stage for a trade war after slapping tariffs on steel and aluminum imports, daring other countries to retaliate and leading the European Union to warn that it would target iconic American brands. Hours after Trump tweeted that “trade wars are good, and easy to win,” European Commission President Jean-Claude Juncker…

Trump: "Trade wars are good, and easy to win" thumbnail
World

Trump: “Trade wars are good, and easy to win”

WASHINGTON (AP) — President Donald Trump on Friday insisted “trade wars are good, and easy to win,” a bold claim that prompted pushback from a Nebraska Republican who quipped “kooky 18th century protectionism will jack up prices on American families.” Trump has declared that the U.S. will impose punishing tariffs on steel and aluminum imports,…