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Business and Economic News

Trump walks back statements on China; White House walks them forward

Trump walks back statements on China; White House walks them forward

The president said he was having second thoughts after hiking tariffs on Chinese goods and threatening to force U.S. companies out of China. The White House said his comments were misinterpreted.
by Shannon Van Sant

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Elizabeth Warren slams student loan watchdog appointment as 'outrageous'

Elizabeth Warren slams student loan watchdog appointment as 'outrageous'

Robert Cameron was a top lawyer for one of the country's largest student loan servicers. In documents obtained by NPR, Warren called his hiring a "slap in the face to student loan borrowers."
by Cory Turner

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Economic storm clouds hovering over global leaders at G-7 summit

Economic storm clouds hovering over global leaders at G-7 summit

Under the threatening clouds of a global economic slowdown, President Trump is confronting the consequences of his preference to go it alone, with low expectations that the leaders of the richest democracies can make substantive progress on an array of issues at their summit in France.
by The Associated Press

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Trump raises tariffs on Chinese goods as trade war escalates

Trump raises tariffs on Chinese goods as trade war escalates

Escalating his trade war with China, President Trump bumped up his tariffs on Chinese imports Friday, lashing back after Beijing raised taxes on U.S. products.
by The Associated Press

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China announces tariff hike on $75 billion of U.S. products

China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's planned increase, deepening a trade war that threatens to tip the global economy into recession.

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Billionaire David Koch, conservative donor, dies at age 79

Billionaire David Koch, conservative donor, dies at age 79

Billionaire industrialist David H. Koch, who with his older brother, Charles, transformed American politics by pouring their riches into conservative causes, has died at age 79.
by The Associated Press

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Nation's largest Hispanic journalist group drops sponsorship by Fox News

Nation's largest Hispanic journalist group drops sponsorship by Fox News

The conservative network ignored the Hispanic journalists group's concerns about its immigration coverage, NAHJ says. The break came when a Fox pundit compared migrants with Nazis who invaded Europe.
by Richard Gonzales

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A dead cat, a lawyer's call and a 5-figure donation: How media fell short on Epstein

A dead cat, a lawyer's call and a 5-figure donation: How media fell short on Epstein

Why did it take some of the nation's biggest news organizations so long to take seriously the accusations against the late Jeffrey Epstein? Allegations about his behavior go back more than a decade.
by David Folkenflik

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