The U.S. economy is slowing. Whether it goes into recession could depend on tariffs and trade disruptions.
Farmers hoped for a resolution to the trade war, then everything got worse.
The U.S. dollar offers a safe haven in times of investor uncertainty and fear.
It comes as the Chinese yuan dropped to its lowest level against the dollar in a decade.
“Both sides should sit down and talk more,” says David Lipton of the International Monetary Fund.
It’s the largest drop since December.
The president has said again that China, not the U.S. consumer, pays the cost of tariffs. Economists say that’s false.
China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions.
The increase comes on the heels of the 12th round of trade negotiations between the two countries.
The U.S. is expected to resume trade negotiations with Chinese officials in Shanghai tomorrow.