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US President Donald Trump and European Commission President Jean Claude Juncker.

The EU is already preparing for trade talks with Trump to fail — and is readying a major retaliation

"If the US would impose these car tariffs, that would be very unfortunate, but we are preparing together with our member states a list of rebalancing measures as well," the European Union's trade chief, Cecilia Malmstrom, said on Thursday.
Manufacturers are worried about Trump's tariffs.

FED: Manufacturers in every corner of America are worried about Trump’s tariffs

Manufacturers in all the Federal Reserve's 12 districts are concerned about tariffs. The Fed's Beige Book, with anecdotes from businesses across the country, showed companies that rely on steel and aluminum for production are grappling with higher costs.
Shipping containers are seen piled up at a port in Qingdao, Shandong province December 10, 2013.

IMF: The US trade war could cost the global economy $430 billion

The global economy could lose $430 billion by 2020 if the trade war escalates and President Donald’s Trump’s new tariff threats are carried out, the International Monetary Fund has warned.

Soybeans plunge to fresh lows as Trump’s trade war persists

Soybean prices dropped to a near-decade lows Friday as President Donald Trump showed no signs of backing down on threats to impose $200 billion worth of additional tariffs on China, the world's largest soy importer.

Rebuking Trump can be risky — so Republicans take to congressional hearings to berate administration officials on trade

In an era when swearing fealty to President Donald Trump is a nonnegotiable requirement in the GOP, Republican members of Congress are utilizing routine committee hearings to take out their frustrations with the administration's trade policies.
A longshore worker returns to work at sunset at the APM Terminals in the Port of Los Angeles on October 9, 2002 in Los Angeles, California.

There’s a mountain of evidence that Trump’s trade fights will be most harmful to the people who voted for him

Red states that voted for President Donald Trump in 2016 stand more to lose if other countries retaliate US tariffs, according to economists at Citi.

Soybeans jump from near decade-lows as US-China trade battle heats up

Soybean prices rose more than 2% on Friday after President Donald Trump followed through early Friday with tariffs on $34 billion worth of Chinese goods, prompting in-kind retaliation from the world's largest soy importer.

The dollar is sliding as US-China trade war materializes

The dollar fell Friday as President Donald Trump followed through with tariffs on $34 billion worth of Chinese products, prompting in-kind retaliation from Beijing.
A Sonos Play 1 speaker

Sonos warns it could be forced to raise prices if Trump’s trade war escalates

Smart-speaker maker Sonos filed regulatory documents for an initial public offering on Friday, and listed US tariffs on China as a risk factor. Companies going public are required to alert investors to risk factors ranging from war to competition.

Stocks rise, shaking off trade-war fears on eve of US-China tariffs

Stocks rose Thursday, shrugging off trade tensions on the eve of the effective date for President Donald Trump's tariffs on China. The dollar and Treasury yields edged lower.