China

China Raises Tariffs On $60 Billion Of U.S. Goods

(CNN) - China is retaliating against president Trump's latest round of tariffs. Starting next month, China will raise tariffs to 25% on $60 billion worth of U.S. goods. Friday, Trump implemented tariffs of $200 billion worth of Chinese goods.…

U.S. Threat Of Tariff Escalation On China Exports

(CNN) - President Donald Trump sent fresh shivers through Asian markets on Monday; with stocks around the region plunging after his latest threat to further increase tariffs on exports from China. Trump renewed threats to raise tariffs on Chinese…

Amazon Will No Longer Sell Chinese Goods In China

(CNN) - After 15 years, Amazon is shutting down its online store in China that allows shoppers to buy from local sellers. The company says starting July 18th, customers in the country will no longer be able to buy…

Ford Adding 30 New Models In China Over 3 Years

(CNN) - Ford announced Wednesday it is launching more than 30 new Ford and Lincoln vehicles in China over the next three years. The American carmaker says about 1/3 of them will be electric vehicles, which are selling well…

Huawei Aims To Fight Back Against U.S. With Lawsuit

(CNN) - Huawei plans to take its push-back against the U.S. government to a new level this week. The embattled Chinese tech company intends to file a lawsuit against the American government over a law that bans U.S. federal…

China Urges U.S. To Withdraw Warrant For Huawei CFO

(CNN) - China has reiterated its call for the U.S. to withdraw the arrest warrant and extradition request for Huawei executive Meng Wanzhou. And urged Canada to "immediately release" her, Chinese Foreign Ministry spokesperson Lu Kang said in a…

Starbucks Shares Hit All-Time High

(CNN) - Shares of Starbucks hit an all-time high on Wall Street Monday. Not only that, but Starbucks stock is up 20% since Howard Schultz resigned as CEO in 2017. Schultz, who is now chairman emeritus of the coffee…

U.S. Government Looking to Investigate Huawei

(CNN) - U.S. federal prosecutors are looking into China's telecom equipment giant Huawei. The Wall Street Journal reported Wednesday they're investigating whether Huawei stole trade secrets from U.S. business partners. The criminal probe would complicate efforts by the U.S.…

Trump Agrees To Temporary Tariff Truce W/China

(CNN) - It's a truce... For now. President Donald Trump and Xi Jinping have reached a tentative agreement. This according to a statement from White House press secretary Sarah Sanders. Meeting in Argentina on Saturday, Trump agreed to maintain…