trade war

Updated at 12:10 p.m. ET

U.S. employers added 128,000 jobs in October as the unemployment rate inched up to 3.6%.

Friday's report from the Labor Department suggests job growth remains resilient, despite the ongoing trade war and temporary setbacks such as the United Auto Workers strike at General Motors, which was settled a week ago.

Job gains for August and September were also revised upward by a combined 95,000.

Lawmakers are back on Capitol Hill on Monday after an extended summer recess with a short window to tackle major legislative priorities before the 2020 presidential campaign takes center stage.

Updated at 6:56 p.m. ET

Stocks plunged Wednesday on deepening worries over a slowdown in the global economy.

The Dow closed down 800 points, or about 3%. Investors have been whipsawed in recent days by mixed signals emerging from the Trump administration about tariffs and the escalating trade war with China.

The jitters were exacerbated amid worrisome economic data from two big countries. Germany posted negative growth in the latest quarter, and China's growth in industrial output fell to a 17-year low.

Summer Gas Prices In Florida Lowest In 2 Years

Aug 6, 2019

Florida drivers are seeing cheaper gas prices this summer, in part due to a global oversupply and rising tension in the U.S.-China trade war. That’s according to an analysis by AAA, the American Automobile Association.

Matias Ocner / Miami Herald

There are some 80 major active construction projects in Miami-Dade, making it one of the hottest real estate markets in the country. Broward has as many as 50.

But if new tariffs are imposed on Chinese raw materials, as the Trump Administration has warned, many of those projects could grind to a halt.

“[This] will wreak havoc in so many areas,” said Anthony Graziano, senior managing director for Integra Realty Resources, a real estate firm, in an email.

courtesy: AutoNation

Mike Jackson used to shovel horse manure for one dollar a stall. He wound up leading a company selling over half a million new and used cars and trucks a year.

In March, Jackson stepped aside from CEO of AutoNation, the position he held for 20 years. AutoNation is one of South Florida’s largest publicly traded companies -- worth almost $3.5 billion. And Florida is its most important market, with quarter of its revenues coming from auto dealers it owns here.

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.

Lily Oppenheimer / WLRN

At 6 a.m. on a recent Thursday morning, Ernie Piton and his son dragged wooden lobster traps across their dock in Key Largo. They stabbed sharp wires through ripe, glossy fish heads, preparing for the grind of baiting and checking Florida spiny lobster traps. As the fishermen turned the key, rumbling their boat to life, they hoped for a good haul.

Just as they prepare for a crucial harvest in the wake of Hurricane Irma, lobster fisherman in the Florida Keys fear a trade war with China could undermine storm recovery in the island chain.