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December 13, 2019
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CBS US News

Tariffs on China: No trade deal with China? U.S. consumers could pay more for electronics

CBS News
President Donald Trump said Tuesday he’s in no rush to seal a trade deal with China, telling reporters during a NATO gathering in London there’s “no deadline” for an agreement and that “in some ways it’s better to wait” until after the 2020 U.S. presidential election.  That is raising concerns...
CBS US News

Stocks slump after Trump says no deadline for China trade deal

CBS News
Stocks sank on Tuesday after President Donald Trump suggested a long-awaited trade deal with China could be delayed until after the 2020 election and said he doesn’t have a deadline for clinching an agreement. The Dow dropped more than 400 points, while the S&P 500 and tech-heavy Nasdaq also lost...
CBS US News

John Deere says US-China trade tensions will hurt earnings in 2020

CBS News
Deere’s stock price dropped nearly $8 on Wednesday, or more than 4% after the company said that it expects trade tensions will continue to hurt sales and earnings in 2020. The shares, which are still up 15% in 2019, closed the day at just over $169. The company’s market cap...
CBS US News

World’s largest hedge fund Bridgewater reportedly has big bet on market crash

CBS News
Bridgewater Associates, the world’s largest hedge fund, reportedly has placed a $1.5 billion bet that could create a big windfall for the fund and its investors if the stock market were to plunge before the end of March.  The bet, or hedge, has been made over the past few months...
CBS US News

Trade war with China and climate change on Iowa farmers’ minds ahead of Iowa caucus 2020

CBS News
In the fields of Greene County, Iowa, farming is the Bardole family business. They’ve been working the land for generations with pride and precision. But it doesn’t take much to cut into profits. “We’ve lost money the last two years,” Tim Bardole said. This year, the perfect storm of bad...
CBS US News

U.S.-China trade war: Why farmers may be disappointed with the trade deal

CBS News
In announcing a preliminary trade agreement with China last week, President Donald Trump touted the accord as “the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country.” Yet questions remain about how great and big the pact ultimately will prove to be for...
CBS US News

Stock market today: Stocks surge as investors pin hopes on U.S.-China trade truce

CBS News
New York — Stocks jumped in early trading on Friday amid rising investor hopes for a truce in the U.S.-China trade war. President Donald Trump gave an upbeat assessment of a meeting with China’s top trade negotiator, Vice Premier Liu He, in Washington on Friday. “Good things are happening at...
CBS US News

U.S. plans tariffs on EU products like single-malt whiskey and gouda cheese

CBS News
The Trump administration plans to place tariffs on $7.5 billion worth of European imports — from gouda cheese to single-malt whiskey to large aircraft — beginning Oct. 18 to retaliate against illegal European Union subsidies for aviation giant Airbus. The tariffs on EU imports will hit products including wine, olives,...

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