This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Tariffs still matter, especially without jobs data. The stock market’s holding pattern broke into a sharp descent Friday after President Trump said he would not meet with Chinese leader Xi Jinping as scheduled…
As part of the latest tit-for-tat between the two countries, China also imposed new port fees that primarily target US-built, flagged, owned or operated vessels, and launched an antitrust investigation into the tech firm Qualcomm on Friday. Similar port fees, announced earlier this year, are due to come into effect in the US later this…
U.S. President Donald Trump looks on during an announcement about lowering U.S. drug prices, at the White House in Washington, D.C., U.S., Oct. 10, 2025. Kent Nishimura | Reuters On Friday morning, the S&P 500 was less than a couple of points from another all-time high. Then, after a single social media post from President…
WASHINGTON (AP) — President Donald Trump on Friday threatened to place an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession. The president expressed frustration with new export controls placed on rare earth elements by China…
US President Donald Trump on Friday clarified that he did not cancel his meeting with Chinese President Xi Jinping after his recent remarks about having “no reason to meet Xi” had triggered speculations about the two leaders’ upcoming meeting. Speaking to reporters, Trump said he had not officially cancelled the meeting with Xi, but expressed…
NEWYou can now listen to Fox News articles! President Donald Trump has called off efforts to arrange a meeting with Chinese President Xi Jinping, and threatened a 100% tariff on China, after the country tightened export controls on rare earth minerals this week. “Based on the fact that China has taken this unprecedented position, and…
US stocks closed sharply lower on Friday as President Trump and China traded blows on tariffs, with Trump threatening a “massive increase” in duties on Chinese goods. The Dow Jones Industrial Average (^DJI) lost 1.9%, or over 870 points, while the S&P 500 (^GSPC) fell roughly 2.7%. The tech-heavy Nasdaq Composite (^IXIC) slid around 3.6%,…
US President Donald Trump announced an additional 100 percent tariff on China Friday and threatened to cancel a summit with Xi Jinping, reigniting his trade war with Beijing in a row over export curbs on rare earth minerals. Trump said the extra levies, plus US export controls on “any and all critical software,” would come…
US stocks closed sharply lower on Friday as President Trump and China traded blows on tariffs, with Trump threatening a “massive increase” in duties on Chinese goods. The Dow Jones Industrial Average (^DJI) lost 1.9%, or over 870 points, while the S&P 500 (^GSPC) fell roughly 2.7%. The tech-heavy Nasdaq Composite (^IXIC) slid around 3.6%,…
US stocks closed sharply lower on Friday as President Trump and China traded blows on tariffs, with Trump threatening a “massive increase” in duties on Chinese goods. The Dow Jones Industrial Average (^DJI) lost 1.9%, or over 870 points, while the S&P 500 (^GSPC) fell roughly 2.7%. The tech-heavy Nasdaq Composite (^IXIC) slid around 3.6%,…