China's imports unexpectedly shrank over the January-February period, while exports lost momentum, as escalating tariff pressures from the United States cast a shadow over the recovery in the world's second-largest economy.
The economy in 2018 was much different than the one today, and so are the Fed's options for keeping it on track.
Prime Minister Justin Trudeau said Thursday he welcomed indications that the U.S. would delay substantial tariffs on Canadian products for a month, but said Canada’s retaliatory tariffs would remain in place for now.
China's commerce minister says Beijing will not yield to bullying and its economy can weather tariffs and other challenges, though there are “no winners in a trade war."
Pressure on corporate bond spreads, or the premium paid by companies over risk-free Treasuries, to widen will likely persist as investors grow cautious of the domestic economic outlook and await the implications of the global trade war.
U.S. President Donald Trump's trade war with China will give Brazilian agricultural exporters an opportunity to take an even bigger share of the Chinese market at the expense of American farmers, but it could also fuel already high food inflation in Brazil.
Five Democratic state Treasurers called for an end to the trade war with Canada and Mexico and warned impending tariffs will have detrimental impacts on everyday Americans.