Avie Schneider

President Trump's move came after Beijing announced tariffs on $75 billion worth of autos and other U.S. goods. In a tweet, he also "ordered" U.S. companies to stop doing business with China.

The White House called the brief talks in Shanghai this week between top U.S. and Chinese officials "constructive" and said negotiations are expected to pick up again in early September.

The U.S. growth rate fell to 2.1% in the second quarter amid a slowdown in exports. The Trump administration has targeted a growth rate of 3% or above, citing the Republican tax cuts passed in 2017.

Four months after its top-selling 737 Max airliner was grounded worldwide, Boeing announced a 35% drop in revenues and a loss of $2.9 billion in the second quarter.

Lawmakers in the Senate and House are questioning lobbyists and officials from Facebook, Google, Amazon and Apple on an array of issues, including whether they're so big they stifle competition.

FedEx has been caught up in the conflict between the Trump administration and Huawei Technologies. Now, the shipper is suing the government to block it from enforcing export regulations against FedEx.

The Trump administration announced Friday that it will delay tariffs on cars and auto parts imports while it negotiates trade deals with Japan and the European Union.

The Dow Jones Industrial Average and other major stock indexes plunged Tuesday after Trump administration officials accused Beijing of reneging on commitments it had already made in the talks.

The Trump campaign adviser and conservative pundit who came under criticism from lawmakers and economists has withdrawn his name from consideration to serve on the Federal Reserve Board.

The aircraft manufacturer said its profits fell 13 percent in the first quarter as it works through "this challenging time." Boeing said the 737 Max crisis has cost it $1 billion so far.