Government policy

FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 02, 2019 - 9:18 am
NEW YORK (AP) — Financial markets around the world buckled Friday, and the S&P 500 was on track to close out its worst week of the year following President Donald Trump's latest escalation in his trade war with China. China struck back and said Friday it will take "necessary countermeasures" if...
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FILE - In this June 19, 2019, file photo cargo containers are stacked on a ship at the Port of Los Angeles in Los Angeles. On Friday, Aug. 2, the Commerce Department reports on the U.S. trade gap for June.(AP Photo/Marcio Jose Sanchez, File)
August 02, 2019 - 5:34 am
WASHINGTON (AP) — The U.S. trade deficit shrunk slightly in June, as did the politically sensitive trade deficit with China, the principal target of President Donald Trump's tariffs. The Commerce Department said Friday that the gap between the goods and services the U.S. buys and what it sells...
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Chinese Vice Premier Liu He, center, poses with U.S. Trade Representative Robert Lighthizer, right, and Treasury Secretary Steven Mnuchin, for photos before holding talks at the Xijiao Conference Center in Shanghai Wednesday, July 31, 2019. (AP Photo/Ng Han Guan, Pool)
August 02, 2019 - 1:12 am
BEIJING (AP) — China's government has threatened unspecified "necessary countermeasures" if Trump's planned tariff hike goes ahead. The Commerce Ministry said Trump's announcement is a violation of his agreement with President Xi Jinping in June to revive negotiations aimed at ending their fight...
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A Chinese investor uses a computer terminal as he monitors stock prices at a brokerage house in Beijing, Friday, Aug. 2, 2019. Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. (AP Photo/Mark Schiefelbein)
August 01, 2019 - 11:13 pm
BEIJING (AP) — China's yuan has fallen to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan fell to 6.950 to the dollar, its lowest...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Friday, Aug. 2, 2019. Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. (AP Photo/Mark Schiefelbein)
August 01, 2019 - 10:53 pm
BEIJING (AP) — Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. Tokyo's main market index fell 2.5% and Hong Kong's benchmark lost 2.3%. Markets in Shanghai, Sydney and Seoul also declined. Trump's announcement of 10%...
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Sen. Bernie Sanders, I-Vt., gestures toward Sen. Elizabeth Warren, D-Mass., during the first of two Democratic presidential primary debates hosted by CNN Tuesday, July 30, 2019, in the Fox Theatre in Detroit. (AP Photo/Paul Sancya)
August 01, 2019 - 9:24 pm
WASHINGTON (AP) — With health care at the center of presidential politics, Democrats are split over eliminating employer-provided health insurance under "Medicare for All." The risk is that history has shown voters are wary of disruptions to job-based insurance, the mainstay of coverage for...
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U.S. Secretary of State Mike Pompeo delivers a speech at Siam Society in Bangkok, Thailand Friday, Aug. 2, 2019 on the sidelines of the Association of Southeast Asian Nations (ASEAN) ministerial meetings. (Jonathan Ernst/Pool Photo via AP)
August 01, 2019 - 8:16 pm
BANGKOK (AP) — U.S. Secretary of State Mike Pompeo on Friday hit out at China for predatory trade practices and human rights abuses that harm economic development. "For decades, China has taken advantage of trade," Pompeo said. "It's time for that to stop." A day after President Donald Trump...
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Chinese Vice Premier Liu He, center, poses with U.S. Trade Representative Robert Lighthizer, right, and Treasury Secretary Steven Mnuchin, for photos before holding talks at the Xijiao Conference Center in Shanghai Wednesday, July 31, 2019. (AP Photo/Ng Han Guan, Pool)
August 01, 2019 - 11:40 am
WASHINGTON (AP) — President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying that beginning Sept. 1, he will impose 10% tariffs on the remaining $300 billion in Chinese imports he hasn't already taxed. The move immediately sent stock prices sinking. The president...
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August 01, 2019 - 10:54 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 1:37 p.m. Stocks dropped sharply on Wall Street and investors snapped up bonds after President Donald Trump escalated his trade battle with China. The Dow Jones Industrial Average went from a gain of more than 250 to...
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Sen. Patrick Leahy, D-Vt., a former chairman of the Senate Judiciary Committee, joined at left by Sen. Dianne Feinstein, D-Calif., rips a copy of the committee rules of procedure as he charges current Republican chairman Lindsey Graham with breaking the rules to bend to President Donald Trump on immigration policy, on Capitol Hill in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)
August 01, 2019 - 9:25 am
WASHINGTON (AP) — Republicans on the Senate Judiciary Committee upended the rules Thursday to advance a controversial immigration bill as chairman Lindsey Graham muscled through a detention bill that Democrats oppose. It's one last battle, led by a top ally of President Donald Trump, before...
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