Economic policy

FILE - In this June 19, 2019, file photo cargo containers are stacked on a ship at the Port of Los Angeles in Los Angeles. On Friday, Aug. 2, the Commerce Department reports on the U.S. trade gap for June.(AP Photo/Marcio Jose Sanchez, File)
August 02, 2019 - 5:34 am
WASHINGTON (AP) — The U.S. trade deficit shrunk slightly in June, as did the politically sensitive trade deficit with China, the principal target of President Donald Trump's tariffs. The Commerce Department said Friday that the gap between the goods and services the U.S. buys and what it sells...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Friday, Aug. 2, 2019. Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. (AP Photo/Mark Schiefelbein)
August 02, 2019 - 4:43 am
LONDON (AP) — Global stock markets remained under pressure Friday, particularly in Europe, after President Donald Trump's shocked investors with another tariff announcement on Chinese imports. Monthly U.S. jobs figures could provide a distraction for investors later. Trump's announcement of 10%...
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FILE - In this July 20, 2018, file photo, a deliveryman for American-based pizza chain Domino's prepares to make a delivery near a mural displaying Chinese yuan and other world currency symbols on the outside of a bank in Beijing. China's yuan fell Friday, Aug. 2, 2019, to its lowest level of the year against the dollar following U.S. President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. (AP Photo/Mark Schiefelbein, File)
August 02, 2019 - 12:40 am
BEIJING (AP) — China's yuan fell Friday to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan tumbled to 6.9520 to the dollar, its...
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Chinese Vice Premier Liu He, center, poses with U.S. Trade Representative Robert Lighthizer, right, and Treasury Secretary Steven Mnuchin, for photos before holding talks at the Xijiao Conference Center in Shanghai Wednesday, July 31, 2019. (AP Photo/Ng Han Guan, Pool)
August 01, 2019 - 10:14 pm
WASHINGTON (AP) — President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn't already taxed. The move immediately sent stock prices sinking. U.S. consumers will likely feel the...
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Chinese Vice Premier Liu He, center, poses with U.S. Trade Representative Robert Lighthizer, right, and Treasury Secretary Steven Mnuchin, for photos before holding talks at the Xijiao Conference Center in Shanghai Wednesday, July 31, 2019. (AP Photo/Ng Han Guan, Pool)
August 01, 2019 - 9:23 pm
WASHINGTON (AP) — The Latest on President Donald Trump's plan to impose tariffs beginning Sept. 1 on the $300 billion in Chinese imports he hasn't already hit with taxes (all times local): midnight Chinese Foreign Minister Wang Yi has criticized President Donald Trump's proposed tariff hike. "...
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In this July 5, 2019, file photo Andre Harris works on the line at beyond Green, a maker of biodegradable bags in Lake Forest, Calif. U.S. factory activity expanded at a slower rate in July, as measures of production and employment fell. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index slipped to 51.2 last month from 51.7 in June. (AP Photo/Chris Carlson)
August 01, 2019 - 8:34 am
WASHINGTON (AP) — U.S. factory activity expanded at a slower rate in July for the fourth consecutive month as the Trump administration squares off with other countries on trade. The Institute for Supply Management, an association of purchasing managers, said Thursday that its manufacturing index...
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From left, Sen. Cory Booker, D-N.J., former Vice President Joe Biden, Sen. Kamala Harris, D-Calif., and Andrew Yang participate in the second of two Democratic presidential primary debates hosted by CNN Wednesday, July 31, 2019, in the Fox Theatre in Detroit. (AP Photo/Paul Sancya)
August 01, 2019 - 7:20 am
DETROIT (AP) — The Latest on Wednesday's Democratic presidential debate (all times local): 10:45 p.m. Democratic presidential candidates are closing their second primary debate by focusing on President Donald Trump. After taking on each other for more than two hours, all 10 candidates have...
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FILE - In this July 29, 2019, file photo a construction worker carries bars while helping build a scaffolding on the side of a hotel in the Mount Vernon section of Baltimore. On Thursday, Aug. 1, the Commerce Department reports on U.S. construction spending in June. (AP Photo/Julio Cortez, File)
August 01, 2019 - 7:13 am
WASHINGTON (AP) — Spending on U.S. construction projects fell in June by the largest amount in seven months, reflecting weakness in home building, nonresidential construction and the largest drop in government projects in 17 years. The Commerce Department said Thursday that spending fell 1.3% in...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Aug.1, 2019. Asian stock markets followed Wall Street lower Thursday after the U.S. central bank cut its key interest rate but left investors uncertain about future reductions. (AP Photo/Ahn Young-joon)
August 01, 2019 - 3:30 am
BEIJING (AP) — Global stock markets followed Wall Street lower Thursday after the U.S. central bank cut its key interest rate but left investors uncertain about future reductions. Benchmarks in London, Frankfurt, Shanghai and Hong Kong all tumbled. In early trading, London's FTSE 100 fell 0.1% to...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 9:56 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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