Trade

Add President Trump to the list of those hurt by his trade war.

A new NBC News/Wall Street Journal poll shows Americans growing more uneasy about Trump’s handling of the economy, which has been one of his principal strengths. That erosion comes in tandem with rising public support for free trade as the Trump administration’s tariff conflict with China rattles financial markets and business confidence.

The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan.

President Trump spoke to some of the largest banks’ CEOs and asked them their insights on the economy and trade. Kayla Tausche has more for us from Washington.

Hedge fund titan Ray Dalio said he wouldn’t rule out China using its Treasury holdings to gain an upper hand against the U.S. in the trade war — a view that contrasts with many other observers.

Joining us on the show to discuss about certain domestic companies that can manage during this uncertain markets’ environment is Kevin Caron, a Senior Portfolio Manager at Washington Crossing Advisors.

Contessa Brewer reports from California where one company there is looking to become the first U.S. business to export rice to China.

One of the factors that caused stocks to change unpredictably is the mixed messages coming out from China. Eunice Yoon has more for us from Beijing.

The Hong Kong government introduced an economic stimulus package to help jolt their slowing economy amid the continuing protests. Brian Sullivan has more for us from Hong Kong.

China hopes to “meet the U.S. halfway” on trade issues, the foreign ministry spokesperson said on Thursday. The statement came after China said it will have to take the necessary counter-measures to President Donald Trump’s latest tariffs threat.

One of the reasons Wall Street tumbled on Wednesday was the weak economic data reports coming out of China. Eunice Yoon reports from Beijing.

Macy’s CEO Jeff Gennette, on the heels of the retailer’s dismal quarterly earnings report, said consumers will have “no appetite” for price increases thanks to new tariffs.

The Chinese pork industry has been devastated by the spread of the African swine flu disease where the Chinese are stocking up on pork reserves. But, as Eunice Yoon tells us, the Chinese are looking to shift their strategy.

Stocks rallied on Tuesday after President Trump eases his stance on a new round of duties sending the Dow back above 26,000. Kayla Tausche has more for us.

We discuss more about the tariff delay and how it impacted the markets and both the tech and retail sectors. Peter Sorrentino, Chief Investment Officer at Comerica Wealth Management, joins us on the show.

Shares of retailers jumped Tuesday after the United States Trade Representative announced it was delaying proposed tariffs on clothing, footwear and a number of other items until Dec. 15.