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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 United States Secret Service confirmed that a man set himself on fire in front of the White House on Friday, forcing officers to move the public back from the fence line. The US Secret Service closed pedestrian traffic near the White House. President Donald Trump was not under any threat by Friday's incident. "A male subject operating an electronic wheelchair-type scooter lit his outer jacket on fire while sitting along Pennsylvania Ave. outside the North Fence Line," the Secret Service said. "Uniformed Division Officers immediately responded, extinguished the fire and rendered first aid."The Secret Service said the man had what appears to be non-life threatening injuries. 698

The reason the month of June was chosen for Pride Month has to do with commemorating the riots near the Stonewall Inn bar in New York City.On June 28, 1969, New York police officers raided the bar, which was located on Christopher Street because it was unlicensed, and they were ordered to stop illegal alcohol sales, according to 343

The surviving Boston Marathon bomber who's been convicted and sentenced to death for his role in the terror plot that killed four, injured hundreds and left the city under siege during a five-day manhunt in April 2013, is hoping his 245

There's new concern about medical costs because of the coronavirus.Before the COVID-19 pandemic, we were already seeing hospital costs rising.Insurance comparison website Quote Wizard looked at a decade of data and it determined the average cost of a hospital visit went up 36% to more than ,300 a day. In some states, the increase was higher.“Why that matters right now during COVID-19 is obviously there is a stress on the healthcare system with people being sick from coronavirus but also significant numbers of people losing their jobs,” said Adam Johnson, a Quote Wizard analyst. “Millions of Americans losing their jobs and when they're losing their jobs, they're losing their employer sponsored health insurance.” Rising hospital costs are due in part to uninsured and underinsured patients that receive care. However, there's another significant contributor that could be easier to correct.“In other countries where health care systems are a little more uniform, the administrative aspect is much lower, 1 to 3% of total healthcare costs, but in the United States, that’s around 8%,” said Johnson. Hospitals did get some emergency relief funding under the CARES Act and other stimulus bills. That will help offset some of the extra COVID-care debt, but only time will tell how the crisis will impact future costs. 1335