Economy

U.S.-led trade war would likely lead to significant drop in dollar.

Trump threatens tariffs on European cars; EU vows to resist 'bullies.'

“Our objective is not to create a trade war. Our objective is to make sure U.S. companies and workers are treated fairly.”

European Commission President: EU is prepared to respond by targeting imports of Harley-Davidson Inc. motorbikes, Levi Strauss & Co. jeans, and U.S. bourbon whiskey.

Companies are leery about their longer-term prospects, which means many will continue to hoard cash or distribute to shareholders, rather than making capital investments.

Elections in Mexico and the U.S. could spell doom for any new agreement.

“That the S&P is down this much even as yields are falling tells me that there is probably still a lot of fear about how sustainable the bounce is.”

Administration reportedly considering 25% tariff on steel and 10% on aluminum imports from all foreign countries.