Trump Puts 25% Tariff on Chinese Imports

U.S. President Donald Trump announced June 15 that the United States would impose tariffs on $50 billion in Chinese products, prompting swift condemnation from Beijing and setting up a possible trade war.

Fed Raises US Interest Rates

On June 13, the U.S. Federal Reserve hiked its benchmark interest rate by a quarter of a percentage point, citing a strong economy and historically-low unemployment.