tariffs

Sen. Rob Portman (R-Ohio) visited the Ohio State Fair over the weekend to mingle with hundreds of farmers from around the state, while news spread that…

World stock markets saw sharp sell-offs after China let its currency slide, the latest move in its trade war with the United States. The Dow Jones Industrial Average closed down 767 points, or 2.9%.

Retailers predict rising prices if President Trump goes through with his threat to add new tariffs to Chinese imports. Meanwhile, the White House announced a deal to boost beef exports.

President Trump said the United States will impose a new 10% tariff on $300 billion worth of goods imported from China, saying Beijing had broken some of the promises it made in trade negotiations.

The White House called the brief talks in Shanghai this week between top U.S. and Chinese officials "constructive" and said negotiations are expected to pick up again in early September.

The U.S. growth rate fell to 2.1% in the second quarter amid a slowdown in exports. The Trump administration has targeted a growth rate of 3% or above, citing the Republican tax cuts passed in 2017.

The Trump administration has released details of a $16 billion plan to compensate farmers who've lost money as a result of the trade dispute with China. Some economists say it's too generous.

More than 600 companies — such as retail giants like Walmart, Target, Macy's and Gap — and trade groups fear tariffs will lead to job loss and will harm both consumers and the U.S. economy.

Mexican officials have "agreed to take strong measures to stem the tide of Migration" as part of the agreement, the president tweeted on Friday. The tariffs were to begin on Monday.

The U.S. auto industry opposes President Trump's threatened tariffs on goods imported from Mexico. It says the taxes would increase the cost of vehicles and play havoc with supply chains.