China

Fed Study: Trump Tariffs Caused Job Losses, Higher Prices

(CNN) - It appears president Trump's tariffs may have backfired. A new Federal Reserve study says Trump's strategy of placing tariffs on imports ultimately led to job losses and higher prices. Trump's tariffs included those on steel, aluminum, motor…

Bitcoin Lowest Level In Six Months

(CNN) - The Bitcoin roller coaster dipped to a six month low with some analysts saying, "blame China." The crypto-currency's value fell to about $6,500 Monday, before rebounding to 7,100 hours later. That comes after prices reached $8,500 in…

Zimbabwe: Activists Work To Prevent Sale Of Baby Elephants

(CNN) - Wildlife activists in Zimbabwe are trying to halt an alleged plan to sell 35 baby elephants to China and Pakistan. This attempt is part of an ongoing row over wildlife exports. Environmental lobby group advocates-4-earth say that…

U.S. Delays Tariffs In "Good Will" To China

(CNN) - President Trump is delaying new tariffs on Chinese goods by a few weeks. A tariff increase to 30% on $250 billion worth of goods will be pushed from October 1st, the 70th anniversary of the people's Republic…

200+ Footwear Companies Ask Trump To Cancel Tariffs

(CNN) - Footwear companies are urging president Trump to scrap his new tariffs on Chinese imports, including shoes. More than 200 companies, including Nike, Converse and Adidas sent him a letter on Wednesday. It says the tariffs will amount…

U.S. To Delay Some Tariffs On China Until December 15

Philadelphia, PA (KYW) - You've now got until December 15th to buy holiday electronics before they get hit with a 10% tariff. President Trump announced earlier this month the new import tax impacting goods like cell phones, toys, and…

Trump Admin Designates China A "Currency Manipulator"

(CNN) - The Trump administration is labeling China a "currency manipulator." It comes after China's central bank allowed its currency to weaken amid the ongoing trade dispute. The people's bank of China let its currency fall below seven yuan…

U.S. Puts Duties On Steel Products From China,Mexico

(CNN) - The United States is calling for new duties on some steel products from Mexico and China. The Commerce Department says exporters in those countries were benefiting from unfair subsidies; sometimes as high as 177%. The department said…

Walmart Is Investing $1 Billion In China

(CNN) - Walmart is investing over a billion dollars into its China business. The retailer is planning to spend the money to boost grocery deliveries. It says it will invest around $1.2 billion in distribution centers in China over…

U.S./China Trade War: Deere Warns Of Weaker Earnings

Des-Moines, IA (WOI) - The trade war between the U.S. and China is hurting American farmers. Tractor maker Deere reported earnings on Friday that fell below estimates. The company said market uncertainty is causing farmers in the U.S. to…