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The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about billion worth of US goods.China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China's Finance Ministry.The Ministry also announced plans to resume tariffs on US imports of automobiles and automobile parts. The tariffs would be 25% or 5%, and would take effect on December 15th.Last week, China said it would take countermeasures after the United States announced it would impose 10% tariffs on Chinese imports worth 0 billion.The United States postponed the implementation of about half of those tariffs, which will cover several categories of Chinese-made consumer goods, until December. They had been due to take effect in September.The move comes amid indications the ongoing trade war is having an impact on the world's two largest economies. Industrial production in China — an important indicator for the country's economy — grew just 4.8% in July compared to a year earlier, according to China's National Bureau of Statistics. That's the worst growth for that sector in 17 years.American factories are also contracting for the first time in a decade and red lights are flashing in the bond market, where the yield curve has inverted. Such inversions, where the 10-year Treasury yield dips below the two-year Treasury rate, are historic predictors of a coming recession. 1481

Tropical Storm Nestor continues pounding parts of the Florida Gulf Coast with heavy rain, strong winds and storm surges Saturday, the National Hurricane Center said.At 5 a.m. ET, Nestor's winds were 50 mph, down from a maximum sustained winds of 60 mph Friday evening.Nestor is expected to move inland over the Florida Panhandle on Saturday morning, the hurricane center said. 388

The Senate passed Thursday a massive budget deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.The a final vote was 67-28 and the bill will now go to President Donald Trump for his signature.The vote followed days of grumbling from GOP senators about the cost of the package and uncertainty surrounding who will support it.The agreement, negotiated between congressional leaders and the Trump administration, represents a significant bipartisan compromise but the vote in the GOP-led Senate has proven slightly tougher than some expected among Republicans.In floor remarks ahead of the vote, Senate Majority Leader Mitch McConnell called the proposal "a strong deal.""In recent weeks, key officials on President Trump's team engaged in extensive negotiations with Speaker Pelosi and the Democratic House," the Kentucky Republican said. "Given the exigencies of divided government, we knew that any bipartisan agreement on funding levels would not appear perfect to either side. But the administration negotiated a strong deal."On Wednesday, McConnell wouldn't directly answer if more than half his caucus would vote for the bill, only replying to CNN: 1260

Tucked away in the small town of Eaton, Colorado, there’s a time machine capsule dedicated to one type of technology, and one man who has dedicated 35 years of his life to this collection. “My museum is called Lee Maxwell’s Old and Unusual Collection,” said 89-year-old Lee Maxwell. “I took up this hobby about 35 years ago, and it’s turned into an obsession. My collection is unusual that’s for sure.”Maxwell collects washing machines. He is the owner of the only washing machine museum in the country. “Why? Well a lot of people ask me why,” Maxwell said. “Since I’m not a golfer or fisherman, and I don’t like to bungee jump, I couldn’t afford corvettes, so I chose washing machines.”Maxwell said he owns a washing machine from every state, some dating back to the 1800s. “Over 1,500 machines,” Maxwell said. “The number is kind of a secret though, because I told my wife, Barbara, I would stop at a thousand. Keep that under your breath. 1,500 machines, 1,500 stories.” For 35 years, Maxwell traveled the country collecting washing machines to bring back to his home of 17 acres. “I spent a lot of time here the last 35 years,” Maxwell said, while standing in his warehouse full of washing machines. “I have to find a good home for it. There are some folks around the US that are interested in it. I want to find a home close to northern Colorado. I’m eighty-nine years old now, I would like to go eleven more years to really see it blossom.” Maxwell said he has a few organizations interested, but he did not want to give any more details. He hopes it will continue to grow as the largest washing machine museum in the country. “There are three attributes you have to have to be a washing machine collector,” Maxwell said. “You have to have space, you have to be insane, and you have to have a saint for a wife. And I got all three.” 1851

The US Women's National Team sealed the deal with its fourth stunning victory Sunday at the World Cup, but the players are still fighting another battle back home.The soccer team's 2-0 victory against the Netherlands proved that the US women are still at the top of the game -- and, the athletes say, that they should be paid as equal to men."At this moment of tremendous pride for America, the sad equation remains all too clear, and Americans won't stand for it anymore. These athletes generate more revenue and garner higher TV ratings but get paid less simply because they are women," said Molly Levinson, spokeswoman for the USWNT players in their equal pay lawsuit."It is time for the Federation to correct this disparity once and for all."In March, 28 members of the USWNT sued the US Soccer Federation for allegedly discriminating by paying the women less than members of the men's national team "for substantially equal work and by denying them at least equal playing, training, and travel conditions; equal promotion of their games; equal support and development for their games; and other terms and conditions of employment equal to the MNT."The soccer federation and the plaintiffs last month tentatively agreed to mediation, which is expected to begin now that the World Cup is over.During the celebrations Sunday, the crowd at the soccer stadium in Lyon chanted, "Equal pay" in support of the women's efforts. 1435