China-US Tariffs: Trade War Will Push Prices Up, Growth DownThe United States slapped a 25 percent tax on $34 billion worth of Chinese imports starting Friday, and China is retaliating with taxes on an equal amount of U.S. products, including soybeans, pork and electric cars.
Harley-Davidson, Blaming Tariffs, Will Shift Some Manufacturing OverseasThe motorcycle manufacturer said in a regulatory filing that it's shifting production of motorcycles heading to Europe from the U.S. to overseas factories. EU tariffs on its motorcycles exported from the U.S. have surged from 6 percent to 31 percent.
President Trump Hits China With 25 Percent Tariffs On Tech ImportsChina sells the U.S. $375 billion more in goods than it buys, a number Mr. Trump has been determined to lower.
Stocks Pare Losses After Initial Trade War FearsAmong the biggest decliners are U.S. carmakers, aerospace companies and chipmakers, with concerns that these companies may be hurt in a trade war. Boeing (BA) shares dropped nearly 3 percent.