• US farm bankruptcies jump 20% in 2019 despite Trump bailout

    US farm bankruptcies were up 20% in 2019, despite the billions of dollars in aid President Donald Trump has paid to farmers hurt by the trade war with China. That’s the highest level since 2011, following the Great Recession, according to court data analyzed by the American Farm Bureau. There were 595 Chapter 12 family farm bankruptcies, nearly […]

  • US-China trade negotiators reach preliminary agreement short of a comprehensive deal

    US and Chinese negotiators reached a preliminary agreement Friday that will ease trade tensions, but it falls short of a comprehensive deal. “We’ve come to a very substantial phase one deal,” President Donald Trump announced in the Oval Office alongside Chinese Vice Premier Liu He Friday afternoon. “We’ve come to a deal, pretty much, subject […]

  • Apple will keep production of the new Mac Pro in the United States

    After a months-long back and forth with the White House, Apple announced Monday it will keep production of the newest Mac Pro computer in Austin, Texas. Apple said it was able to continue making the computer in the United States thanks to a federal tariff exclusion it received for several key parts of the device. […]

  • Global economists predict the world’s lowest growth in a decade

    The world economy is slowing, and it could be headed toward a recession. The Organization of Economic Co-Operation and Development, an intergovernmental economic group, just slashed its forecast for global growth to a decade low. The OECD projects the world economy will grow just 2.9% in 2019, which would be the lowest forecast since 2009. […]

  • Dow marks 8-day win streak as US-China trade tensions ease

    Nothing is spooking investors on this particular Friday the 13th. The Dow climbed to its eighth day of gains in a row on the news that China will exempt US soybeans and pork from its next round of tariffs. The Dow finished 0.1%, or 34 points, higher, logging its longest win streak since May 2018. The index […]

  • China retaliates with tariffs on $75 billion of US goods

    The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods. China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry. The Ministry also announced plans […]

  • Trump Administration starts paying $14.5 billion to farmers hurt by the trade war

    The Trump administration will begin paying $14.5 billion to farmers hurt by the US-China trade war by the end of August. It’s the second round of aid the administration will pay out as negotiations with Beijing continue past the one-year mark. Farmers received about $10 billion in aid last year. The trade situation has “persisted longer than we […]

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