North Dakota -- home to the fourth-smallest U.S. population -- is suddenly finding itself at the center of the escalating trade war between the world's largest economies.
BEIJING - China said Tuesday it would retaliate for President Donald Trump's latest tariff salvo, risking further U.S. trade actions that could result in what some analysts are calling an economic Cold War. By next week, the United States and China appear likely to be on the brink of slapping tariffs on their entire goods trade, which exceeds $635 billion annually.
Home cooking would be making a comeback if it ever really went away. Restaurants are getting dinged by the convenience of Netflix, the advent of pre-made meals, the spread of online grocery delivery, plus crushing student debt and a focus on healthy eating. Eighty-two percent of American meals are prepared at home -- more than were cooked 10 years ago, according to researcher NPD Group Inc. The latest peak in restaurant-going was in 2000, when the average American dined out 216 times a year. That figure fell to 185 for the year ended in February, NPD said.
MUSCATINE, Iowa - This spring, residents of this Mississippi River city published a book celebrating three decades of friendship with Chinese President Xi Jinping, who first visited as a regional official in 1985 to learn about modern farming practices. That visit, and one Xi made in 2012, helped forge a relationship that turned China into a major consumer of Iowa's agricultural exports. It also turned Muscatine into a pilgrimage site for Chinese officials and tourists wanting to meet the people Xi refers to as "old friends."
President Donald Trump has decided to impose tariffs on $200 billion in Chinese goods, two people briefed on the decision said, one of the most severe economic restrictions ever imposed by a U.S. president. An announcement is expected to come within days, the people said, speaking on the condition of anonymity because they weren't authorized to discuss internal plans.
President Donald Trump instructed aides on Thursday, Sept. 13, to proceed with tariffs on about $200 billion more in Chinese products despite his Treasury secretary's attempt to restart talks with Beijing to resolve the trade war, according to four people familiar with the matter.
WASHINGTON - President Donald Trump insisted Thursday that he was "under no pressure to make a deal with China," signaling a readiness to escalate his trade war with Beijing. "They are under pressure to make a deal with us," Trump tweeted in reference to China. "Our markets are surging, theirs are collapsing." The president's statement sought to downplay any hope that the United States would extend a hand toward reconciling the trade conflict, amid word that Treasury Secretary Steven Mnuchin had invited Chinese officials to return to talks.
President Donald Trump said Friday, Sept. 7, that he is ready to impose tariffs on $267 billion in Chinese goods, on top of the additional $200 billion that he said will likely be hit with import taxes in a matter of days. If eventually carried out, Trump's latest threat could result in tariffs on all Chinese goods entering the United States, an unprecedented escalation of his trade war with China.
A NAFTA deal doesn't look likely this week. Talks between the U.S. and Canada have seemed upbeat, but are not expected to lead to a deal this week, a Canadian government official said, speaking on condition of anonymity.
Nathan Boos got his love for 18-wheelers from someplace, but he didn't know where until he was 23. Boos was hauling a load of soybean meal from Illinois to Georgia when he found out. His adoptive father decided to join him on the cross-country delivery for fun, and one night he told Boos that it made sense that he grew up to become a truck driver: His birth father was a truck driver, too.