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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
The Wisconsin Department of Natural Resources is conducting an investigation into the illegal shooting of two bald eagles.The eagles were shot near Antigo, Wis. and have since died from their injuries, according to 227
Transgender people in North Carolina may use certain public bathrooms as they relate to their gender identity, according to a settlement approved by a federal judge.The settlement, approved by US District Judge Thomas D. Schroeder, applies to buildings controlled by officials from the executive branch. According to 329
Time magazine has chosen Greta Thunberg, a Swedish climate crisis activist, as person of the year.Each year, the magazine features the most influential person, group, movement or idea of the previous 12 months. Last year, it was 241
The Weather Channel says ‘Jeopardy’ needs to get its directions straight. The network said Friday that the popular game show asked people to identify the East Coast winter storms known as nor'easters with a clue that said it was so-named because it came from that direction. But the Weather Channel's Jim Cantore says that's not so. The storm's winds usually come from the northeast. The storms themselves generally barrel up the East Coast from south to north. There's been no response from ‘Jeopardy’ about the rain thrown on their parade. 553