Multifront Trade War News Today

>> is it the feds job to minimize the presidents trade war? >> weve never been here before. >> right. >> the feds job is to keep inflation at its target rate, around 2%. ad to keep unemployment low. to keep people working and keep, you know, prices under control. its the shock to the american economy, you think of the economy as a car. youve got the president driving the car into the ditch. the fed essentially has to help steer the car into the ditch. >> one of the great dilemmas of the trump pr...

Causing the sector to shrink for the first time in nearly a decade. a scathing op-ed came from bill dudley. in it, dudley says the fed should not enable trumps trade war and should ignore his calls for rate cuts writing, "this manufactured disaster in the making presents the federal reserve with a dilemma. should it mitigate the damage by providing offsetting stimulus or refuse to act along? the timing of the column is interesting with a new round of tariffs scheduled to kick in on sunday. the f...

And trade headline. meanwhile, u.s. consumers are -- are still fueling this economy. consumer confidence data for august showed shoppers are far more confident in the economy than many economists thought. the strong labor market is helping shoppers set aside worries about the trade war between the u.s. and china. a top lowes executive is apologizing after saying this about a power drill in a corporate video to employees monday. >> the thing is compact, it fits anywhere, small hands, right. so ...

Farmers here who are reeling from the presidents multifront trade war. president trump and japanese prime minister shinzo abe made an agreement in principle on trade during the g7. while american pork producers say theyre happy about the deal, get this -- this deal is no better than if trump had stayed in the transpacific partnership in the first place. thats two years to get to a place where pork producers already were. pork producers have relied on japan as their biggest market. they had seen ...

Boss. deutsche bank wont confirm publicly whether it has president trumps tax returns, but it does acknowledge to the courts that a subpoena would cover peoples returns, possibly those of trump family members. that means house democrats could see tax returns in short order if congress wins its lawsuit to have them released. deutsche bank says it also has returns of, quote, immediate family of those named in the subpoena. in a separate letter to the court, capital one bank said that it does not...

Joint ventures. you watch. china is going to send a message to u.s. corporations, you do business in china on our terms. >> richard, you mentioned the multifront trade war the united states is in. wouldnt canada, the europe, japan, south korea, many of these countries the united states has engaged in trade fights with, wouldnt that by valuable allies in the fight against china? >> thats the whole point. thats the whole issue with china. the president decided to fight everyone at the same time. p...

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