The Dow Jones industrial average tumbled nearly 3 percent Thursday after the Trump administration announced plans to impose tariffs on Chinese imports.
NPR's Audie Cornish talks with Erin Ennis, Vice-President of the US-China Business Council, about the White House proposal for tariffs on China. She talks about how the proposed tariffs concern American companies doing business with China.
After President Trump unleashes new tariffs, China has a number of key U.S. imports — from soybeans to airplanes and iPhones — that it can choose to strike back against.
It's a big week for trade policy as new steel and aluminum tariffs take effect and the White House mulls tariffs on a wide range of exports from China.
The central bank raised its key interest rate for the first time under Jerome Powell, announcing a quarter-percentage-point hike. Economists wonder if faster growth will mean more aggressive hikes.
If the century-old rail tunnel into New York City fails, the economic pain will be felt up and down the East Coast. That's why a multi-billion-dollar plan to replace it has been called the most important infrastructure project in the country.
Celina Raddatz worked in eldercare for about 30 years, until her mother was diagnosed with Alzheimer's and she quit her job to take care of her. Now Raddatz works as a paid caregiver for her mother.
Mercedes Benz USA showed off its new headquarters in Atlanta — all in the midst of a possible trade war that could affect the car industry in the South, which has become a truly global car market.