Business & Economy

Updated at 11:01 a.m. ET

Hours after President Trump announced tariffs on $200 billion in Chinese goods, China responded with its own levies on $60 billion worth of U.S. products.

Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.

Updated at 6:43 p.m. ET

President Trump announced Monday that he is ordering 10 percent tariffs on $200 billion worth of imports from China.

Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against U.S. farmers or other industries.

It's the latest round of an escalating trade dispute between the two countries.

Cleveland Federal Reserve Forms Community Advisory Council

Sep 12, 2018
Federal Reserve Bank of Cleveland building
Annie Wu / Ideastream

The Federal Reserve Bank of Cleveland is launching its first community advisory council to address economic and social issues in low income communities in Ohio, as well as parts of Pennsylvania, West Virginia and Kentucky.

Ohio Democratic Party chair David Pepper
Ohio Public Radio

In July, the Ohio Democratic Party recognized a new union that was formed to represent campaign workers. Now, a few weeks before the election, that union is taking issue with the party, which has long leaned on labor to support its candidates.

The U.S. economy added 201,000 jobs in August, the Labor Department said on Friday, continuing its nearly eight-year streak of monthly gains. The unemployment rate remained unchanged at a very low 3.9 percent.

Wikimedia Commons

Starting next year, Capital University will offer undergraduate students half-off tuition if their families work in the non-profit sector.

Job seekers at one of two fulfillment centers in Central Ohio.
Esther Honig / WOSU

Ohio has been gaining jobs over the last few years, and its unemployment rate hit its lowest level in 17 years a few months ago. But there are other numbers in the state’s economic overview that raise concerns for a progressive group that reviews the economy each year on Labor Day.

If you use your commute to catch up on work email, that time "should be counted as part of the working day," according to a new study by researchers who analyzed thousands of commuters' online habits.

"If travel time were to count as work time, there would be many social and economic impacts," said Juliet Jain, one of the academics from the University of the West of England who surveyed several thousand commuters on trains in and out of London.

Amazon appears to be looking at the former Rolling Acres Mall site for its newest Northeast Ohio distribution center.

Stan Bullard with Crain’s Cleveland Business analyzed public records and past Amazon projects.

Updated at 5:40 p.m. ET

The United States and Mexico have reached an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement. They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration.

Speaking at the White House on Monday, President Trump said he wanted to change the NAFTA name to the U.S. Mexico Free Trade Agreement. He also reframed the negotiations as two bilateral trade deals.

Hudson-based Joann sent a message to customers this week warning them that the craft store’s products -- including candle holders and glass beads -- may be affected by the Trump administration’s

Last month, after the U.S. leveled tariffs on $34 billion of Chinese imports and after China retaliated in kind, Beijing described the escalating trans-Pacific antagonism as "the largest trade war in economic history."

Now, both nations have upped the ante once again.

The Nippon Steel and Sumitomo Metal plant in Kamaishi Japan.
Adrian Ma / Ideastream

Kamaishi, Japan, may be a long way from Cleveland, but both cities have a lot in common.

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