Category: Business

A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere.

As the fallout from President Trump’s global trade war spreads, investors are fleeing what is typically seen as the safest corner.

The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.

Amid the doom and gloom in financial markets, President Trump continues to insist he’s got a plan.

Eager to stay in Mr. Trump’s good graces, oil executives refrain from publicly criticizing the president. But privately, ‘Everybody’s afraid.’

The heavy U.S. tariffs on other Asian countries have made China a more appealing option for companies scared to make a hasty decision amid upheaval in global trade.

The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

Stocks in the United States wavered, after markets in Europe and Asia tumbled. U.S. government bonds, the dollar and oil prices all fell.