Employees close a valve of a pipe at a PetroChina refinery in Lanzhou, Gansu province. Stringer | Reuters China’s plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war than some in the markets have expected, according to a Bank of America Merrill Lynch’s
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Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Remember the brutal sell-off last year when stocks suffered their worst December since the Great Depression? Something worse than that could happen in days,
Chinese President Xi Jinping and U.S. President Donald Trump chat at a G-20 event a day before their highly anticipated bilateral meeting. Bernd von Jutrczenka | picture alliance | Getty Images President Donald Trump said China is ready to come back to the negotiating table, but one Chinese insider is calling Trump’s bluff, saying, “China
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend. Here’s what happened: Friday evening, Aug. 23, Beijing time Before U.S. stock markets open, China’s Ministry of Finance announces on its website that it will apply new tariffs of
Federal Reserve Chairman Jerome Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow. In his annual remarks at the central bank’s Jackson Hole symposium, Powell, while not saying specifically where thought rates should go, pledged that the Fed “will act as