Listen

China

President Trump is enacting a 25 percent tariff on $50 billion of Chinese goods "that contain industrially significant technologies," after months of exchanging threats amid concerns over a potential trade war.

U.S. Customs and Border Protection will begin to collect tariffs on the first $34 billion worth of Chinese imports on July 6. A second set of imports subject to tariffs is still under review.

Updated at 3:18 p.m. ET

China is cutting tariffs on vehicles from the U.S., but the biggest benefits could go to German automakers — and Tesla, the American electric-car maker.

Chinese President Xi Jinping signaled in a speech last month that the tariff cut would be coming. The foreign ministry confirmed it Tuesday: Tariffs will drop from 25 percent to 15 percent for imported cars. Tariffs on imported auto parts will fall to six percent.

President Obama spoke with several supporters yesterday following a speech at Schiller Park in German Village. The supporters said they wanted to hear his position on U.S. trade policy with China.