Big exporter Caterpillar gave a figure on how much tariffs will affect its bottom line. In its second-quarter earnings statement, the Dow Jones Industrial Average member said Monday it expects recently imposed tariffs to shave off $100 million to $200 million from its bottom line in the second half of the year. The company also raised its full-year earnings forecast despite the increased costs.

The Trump administration will propose raising to 25 percent its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said. The U.S. imposed 25 percent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ends Wednesday. President Donald Trump has threatened an additional $200 billion with levies of 10 percent, a level the administration may raise to 25 percent in a Federal Register notice in coming days, one of the people said.

China has announced a plan to impose new tariffs on $60 billion of American goods, in retaliation for the latest tariff threats from the Trump administration. Earlier this week, the White House said it was considering boosting tariffs on $200 billion worth of Chinese goods, raising those tariffs to 25 percent from 10 percent. That particular set of tariffs has not yet taken effect.

Donald Trump launched a fresh auto tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it awaits the completion of one-on-one talks between the United States and Mexico. In a tweet that appeared to reference NAFTA's renegotiation, the U.S. president said the "deal with Mexico is coming along nicely" and that "Canada must wait."

Germany’s top economic official is criticizing President Trump over U.S. trade policies, saying that the escalating tariff dispute is “destroying” economic progress in his country. “This trade war is slowing down and destroying economic growth - and it creates new uncertainties,” Economy Minister Peter Altmaier told Germany’s Bild am Sonntag newspaper, according to Reuters.

Trump has suggested revenue from tariffs could be used to reduce the federal deficit, which rose to $77 billion in July. In less than five months, the Trump administration has collected more than $1.4 billion in new revenue from steel and aluminum tariffs, according to a recent report prepared for members of Congress. The Congressional Research Service estimated that, between March 23 and July 16, the U.S. reaped $1.1 billion...

The goal of China's influence operations around the world is to replace the United States as the world's leading superpower, the CIA's Michael Collins said Friday. Speaking at the Aspen Security Forum during a session on the rise of China, Collins, the deputy assistant director of the CIA's East Asia Mission Center, said Chinese President Xi Jinping and his regime are waging a "cold war" against the US.

Empty hotel rooms, idle tour boats and shuttered travel agencies reveal widening fissures in the tiny Pacific nation of Palau, which is caught in an escalating diplomatic tug-of-war between China and Taiwan.

President Donald Trump’s tariff policies reflect a serious misunderstanding of the importance of free trade and Japanese companies’ contributions to the U.S. economy, Japan’s trade minister said Thursday. Hiroshige Seko, the minister of economy, trade and industry, warned in an exclusive interview with The Associated Press that Tokyo might take action if the U.S. fulfills threats to levy a 25 percent tariff on Japanese auto imports. He gave no details but didn’t rule out retaliatory tariffs.

In an Oval Office interview this week, as the Guardian reported, President Trump vowed to withdraw from the World Trade Organization (WTO) if it doesn’t “shape up,” calling the agreement establishing the body “the single worst trade deal ever made.” While the POTUS does not shy away from hyperbole, especially in his protectionist trade rhetoric, his threats were taken seriously by Roberto Azevedo, the WTO’s director general, who suggested in an interview with Bloomberg that the economy would descend into chaos, if the U.S. was to withdraw from the organization.

The US trade war and a thaw in ties between China and Japan are raising prospects for the world’s biggest regional free-trade deal, analysts said on Sunday after trade negotiators voiced high hopes of reaching a broad agreement in November.

U.S. President Donald Trump has suggested to The Wall Street Journal that he will take on Japan next in his fight to cut trade deficits with U.S. trading partners, according to a column carried on the paper's online edition Thursday. Citing a phone call he received from Trump, James Freeman, a columnist for the paper, wrote that the president "described his good relations with the Japanese leadership, but then added: 'Of course that will end as soon as I tell them how much they have to pay.'

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.

'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 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.

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.

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

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.”

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.