Economy

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Ohio hog farmers are reacting to the news that China is planning to attach a tariff on pork exports – a move in response to the U.S. proposed tariff on Chinese steel. Ohio farmers say they’ve seen an immediate effect from the announcement.

The Economic Impact of an Aging Population

Apr 9, 2018
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The world is aging at a rapid pace, and the United States and other countries are trying to grapple with the economic effect it will have. We'll take a look at the challenges and advantages of an aging population. 

Updated at 8:07 a.m. ET Friday

China's government on Friday hit back at President Trump's latest call for more tariffs by saying it was prepared to "follow through to the end and fight back resolutely."

President Trump upped the ante in his trade dispute with China Thursday by signaling his willingness to impose more tariffs than previously announced.

In response to the Trump administration's threats to place tariffs on $50 billion in Chinese goods, China has threatened to sanction $50 billion in U.S. exports, including airplanes, cars and chemicals. These tariffs would also target some of America's most successful exporters — farmers.

As the sun was coming up Wednesday, farmers at Betty's Truck Stop near Sweet Springs, Mo., took their coffee with a serving of bad news.

Updated at 5:26 p.m. ET

China's leaders followed President Trump in taking another step toward a new trade war, announcing a plan to put steep tariffs on $50 billion of U.S. imports. China's proposed 25 percent tariffs would target a wide range of American products, from soybeans and whiskey to airplanes and cars.

"China currently buys about $14 billion worth of American soybeans each year — almost a third of the entire U.S. crop," NPR's Dan Charles reports for our Newscast unit. "Prices for U.S. soybeans tumbled by 3 to 5 percent" on the news, Dan adds.

Updated at 1:30 p.m. ET

China is retaliating against the Trump administration's tariffs on Chinese goods, imposing charges of its own Monday on a list of 128 imports from the United States, including agricultural products ranging from fruit to wine to frozen pork.

China's tariffs add fuel to what many economists fear is a burgeoning trade war between the two economic superpowers.

Despite a wave of controversies, President Trump's popularity seems to be rising ever so slightly, according to a couple of recent polls. The bump may be linked to the fact that more Americans seem to be crediting Trump for the nation's healthy economy.

The U.S. economy grew at a 2.9 percent annual rate in the final three months of 2017, the Commerce Department said Wednesday. That's slightly faster than the previous 2.5 percent growth estimate, but slower than the 3.2 percent pace of the third quarter.

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As state lawmakers and citizen activists continue to search for the best ways to regulate the payday loan industry, one local Catholic organization is not waiting.

Senate Democrats are firing back against a study that says Ohio’s huge number of regulations on business is hampering the state’s economic growth. One lawmaker even argues that the study is a cop out to avoid the bigger problem. 

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