China will be ‘pumping money’ to offset tariffs, Trump says.

President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China in a deepening trade war.

Morgan Stanley’s Michael Wilson tells clients that companies will have a tough time offsetting the cost of any new or higher tariffs, which could tip the U.S. economy into a recession.

U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.

Regulators cited a review that determined Chinese state ownership of the company posed national security and law enforcement risks.

President says U.S. would impose fresh levies on $325 billion in Chinese goods as negotiators move to salvage potential deal.

Top U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.

Filing formalizes threat made by President Trump and U.S. Trade Representative amid trade talks with Beijing.