Trade War

WASHINGTON, (Reuters) - The number of Americans filing applications for unemployment benefits fell last week, but the underlying trend suggested some softening in labor market conditions. Initial claims for state unemployment benefits declined 15,000 to a s…

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WASHINGTON (Reuters) - When the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay the cost - implying Chinese firms would have to cut their prices to absorb import “taxes” of up to 25% when the goods hit U.S…

By Howard Schneider WASHINGTON, Nov 25 (Reuters) - When the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay the cost - implying Chinese firms would have to cut their prices to absorb import "taxes" of up …

President Trump will tell you China is "dying to make a deal" with the US. He will tell you that Beijing is tired of paying tariffs to the US (Americans actually pay them). He will tell you that China's supply chains are breaking, and that its economy is on t…

The US wants to ink a trade deal with China by the end of 2019, but can't overlook violence in Hong Kong, the head of the National Security Agency has said. "We were hoping to have deal done by the end of the year. I still think that's possible," Robert…

Here is what you need to know.  1. Adam Neumann's $1.7 billion golden parachute could be slashed as SoftBank looks to trim its WeWork rescue deal. Some SoftBank executives have said the WeWork cofounder and former CEO's leaving package is too generous, Bloom…

The OECD on Thursday released a warning to the global economy — GDP growth is going to drop, and it's up to governments to stop fighting to fix it. In a statement, the OECD said that world GDP growth this year is expected to fall to 2.9%, "it…

It’s November. We’re eleven years into a bull run. And a protracted trade war with China — not to mention the impeachment proceedings — is causing some nervousness about what next year will hold. Little wonder that venture firms, which have been writing chec…

The Chinese government has almost certainly not secretly detonated a tactical nuclear weapon in the South China Sea to send a warning signal to the United States, experts told Gizmodo, regardless of widespread claims to the contrary on social media. The sour…