Americans have felt relatively more pain from President Donald Trump's trade war than Chinese consumers and businesses, according to analysts at HSBC. Studies of trade-war impacts by the International Monetary Fund and the European Central Bank found the "likely impact on the US economy to be significantly more negative than on China," the analysts Janet Henry and James Pomeroy said in a research note. "Whereas China has been benefiting from strong import demand in most of its other trading partners except for the US (and Germany, due to cars)," they said, "the US has not."

The U.S. and Chinese economies each lose about $2.9 billion annually due to Beijing’s tariffs on soybeans, corn, wheat and sorghum alone, said Purdue University agricultural economist Wally Tyner. The losses may give U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, motivation to resolve their trade differences before a March 2 deadline, although talks between the economic superpowers could still devolve.

The Commerce Department said the trade deficit increased 1.7 percent to $55.5 billion, the highest level since October 2008. The trade gap has now widened for five straight months. Data for September was revised to show the deficit rising to $54.6 billion instead of the previously reported $54.0 billion.

It will be called CUSMA in Canada and T-MEC in Mexico, but Trudeau simply dubbed it the "new NAFTA."

Eight months on from the opening salvos of President Donald Trump's trade war, and the real-world impacts are starting to be felt across the globe. The US, which the trade war was ostensibly launched to protect, looks as if it is likely to be the worst affected, with some forecasters suggesting that as much as 1 percentage point could be knocked off economic growth in the coming years.

As President Donald Trump maintains protectionist policies with global trading partners, an increasing number of farms in the Midwest are struggling to stay afloat. At least 84 farm operations in Minnesota, Montana, North Dakota, South Dakota, and parts of northwestern Wisconsin filed for bankruptcy in the 12 months that ended in June, according to a new analysis from the Minneapolis Federal Reserve, more than twice the level seen over the same period in 2014.

The United States is currently waging economic warfare against one tenth of the world's countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion. These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.

The window of opportunity for safeguarding global growth is "narrowing" as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponising currency and interest-rate policies. US Treasury Secretary Steven Mnuchin had downplayed the global concerns expressed at an International Monetary Fund meeting held this week in Bali under the shadow of US-China tensions, saying the world would benefit if Beijing is forced to changes its trade policies.

The economy remains strong, but are we starting to see the first signs of stalling? Stephanie Ruhle is joined by Politico’s Ben White to discuss Ford’s plan to lay off workers after they say President Trump’s tariffs have cost them a billion dollars.

President Donald Trump is trying to "de-globalize" the U.S. and Chinese economies, the former head of the World Trade Organization (WTO) told CNBC on Monday. Trump has imposed tariffs on Chinese goods since the start of the year in an attempt to reduce the U.S.'s trade deficit. The controversial policy is intended to reduce the attractiveness of Chinese products, given that they become pricier with tariffs imposed on them. But the decision to impose tariffs on China has led to retaliatory measures from Beijing, which has also increased the price of U.S. imported goods for Chinese consumers.

China has slashed the amount of cash some of its banks must hold in reserve as Beijing’s leadership seeks to bolster a flagging economy. As higher US interest rates and fears of a trade war piles pressure on economies around the world, China’s central bank said on Sunday that it was cutting the reserve requirement ratios (RRRs) by one percentage point from 15 October to lower financing costs and spur growth in the world’s second-biggest economy.

Record imports drove the U.S. trade deficit up for the third straight month in August. The deficit in the trade of goods with China and Mexico hit records. The Commerce Department said Friday that the trade gap — the difference between what America sells and what it buys abroad — rose to $53.2 billion in August from $50 billion in July. The August reading was the highest since February. Imports rose 0.6 percent to a record $262.7 billion on higher shipments of cellphones and autos; exports slid 0.8 percent to $209.4 billion.

Canada has not invited the US or China to a high-level meeting on reforming the World Trade Organisation (WTO). The country will host a "small group of like-minded" trade ministers in Ottawa in late October to discuss the global trade body. Officials say countries like the US and China will be included at a later date in the reforms discussion process. The European Union, Australia, Japan, Singapore, and South Korea are expected to attend.

Alibaba founder Jack Ma has warned that President Donald Trump’s trade war with China could lead to military conflict. “When trade stops, sometimes the war starts. So trade is the way to stop wars,” the Chinese billionaire entrepreneur warned Tuesday during the opening panel discussion at the World Trade Organization Public Forum in Geneva, South China Morning Post reported. “Trade is the way to build up trust,” he continued. “Trade is not the weapon to fight against each other.”

China says it would cut import tariffs on numerous non-US goods, a major backward step in its trade war with the US. The move is most likely designed to protect Chinese consumers against rising costs associated with the trade war. The cuts in tariffs are expected to save Chinese consumers and businesses

President Donald Trump on Tuesday threatened further retaliation against China if Beijing targets U.S. agricultural or industrial workers amid a trade dispute, and accused China of trying to sway the U.S. election by targeting farmers. Trump made the accusations in a pair of Twitter posts as the two sides launched new trade tariffs in an escalating trade dispute. Beijing said it would retaliate with tariffs against $60 billion worth of American products after Trump on Monday imposed 10 percent tariffs on about $200 billion worth of imports from China.

China said it will institute new tariffs on U.S. goods worth $60 billion on Sept. 24, according to a Reuters report. The media outlet said the Asian country's tariff rate on a list of 5,207 U.S. products will range between 5 percent and 10 percent. On Monday, President Donald Trump's administration announced it will impose 10 percent tariffs on about $200 billion of imports from China effective Sept. 24. Trump, in a statement, said that the tariffs would rise to 25 percent on Jan. 1, 2019.

The US is imposing new tariffs on $200bn (£150bn) worth of Chinese goods as it escalates its trade war with Beijing. The higher import taxes will apply to almost 6,000 items, marking the biggest round of US tariffs so far. Handbags, rice and textiles will be included, but some items expected to be targeted such as smart watches and high chairs have been excluded.

'It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units and its competitive segment,' Ford said. President Donald Trump on Sunday suggested via Twitter that American automaker Ford could begin making its Focus model in the U.S., and therefore circumvent his tariffs.

The economic policies being pursued by the U.S. and China could bring about a massive slowdown in global growth, according to Britain's top former bank regulator. Economic growth in the U.S. remains robust in 2018, yet in much of the rest of the world signs of deteriorating momentum have emerged since the start of the year.