Hong Kong finance secretary warns of looming 'economic typhoon'
Protest-battered Hong Kong should also brace itself for an "economic typhoon" caused by the U.S.-China trade war and recent political unrest in the city, Financial Secretary Paul Chan wrote in a blog post Sunday. The warning from the city's top budget official came after Hong ...
Apple's Tim Cook worried about losing edge to Samsung with tariffs, Trump says
President Donald Trump said Apple Inc. Chief Executive Officer Tim Cook voiced concerns about chief competitor Samsung Electronics getting an edge because its products, unlike Apple's, won't be subject to tariffs when imported by the U.S. Cook and Trump had dinner on Friday night, while ...
China to counter latest U.S. tariffs, as Trump vows any deal will be struck on America's terms
China on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal, while U.S. President Donald Trump said any pact would have to be on ...
Japan regains status as top foreign holder of U.S. Treasurys
Japan surpassed China in June as the top holder of U.S. Treasurys after raising its holdings to a nearly three-year high, as the trade war between the world's two largest economies intensified. Holdings of U.S. bonds, bills and notes were increased by $21.9 billion to ...
Dow dives 800 points after bond market warns of recession and Trump trade war worries fester
The threat of a recession doesn't seem so remote anymore for investors in financial markets. The yield on the closely watched 10-year Treasury fell so low Wednesday that, for the first time since 2007, it briefly crossed a threshold that has correctly predicted many past ...
U.S. President Donald Trump bowed to pressure from American businesses and concerns over the economic fallout of his trade war with China, delaying the imposition of new tariffs on a wide variety of consumer products including toys and laptops until December. Tuesday's move to at ...
Pew survey finds record 60% in U.S. have dim view of China in light of trade war
Rising tensions over trade have dimmed Americans' opinions of China. A new Pew Research Center poll finds that 60 percent say they have an unfavorable view of China — up from 47 percent last year to the highest proportion since Pew started asking the question ...
And back up goes the stock market. Stocks tore higher Tuesday, continuing their roller-coaster ways, after the latest turn in the U.S.-China trade war flipped investors back to buying mode. This time, it was the United States saying it would hold off on tariffs of ...
China's Xi Jinping gets tougher on Trump after new tariff threat
Facing another U.S. tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Beijing fired what economists called a "warning shot" at Washington by letting its currency weaken in response to President Donald Trump's latest threat of more punitive import ...
Huawei cooks up HarmonyOS to replace Android as U.S. tech ban looms
Chinese telecom giant Huawei unveiled its own computer operating system on Friday as it faced the threat of losing access to Google's Android system amid escalating trade tensions between the U.S. and China. Richard Yu, the head of Huawei's consumer business, told a news conference ...
U.S. holds off on Huawei licenses as China halts farm purchases
The White House is holding off on a decision about licenses for U.S. companies to restart business with Huawei Technologies Co. after Beijing said it was halting purchases of U.S. farming goods, according to people familiar with the matter. Commerce Secretary Wilbur Ross, whose department ...
