More than a year after U.S. President Donald Trump fired the first tariff salvo that eventually led to a trade war with China, the debate about who actually bears the burden of those elevated levies has not found a definite conclusion.

Goldman Sachs has revised up its expectations of an escalation to U.S. trade wars with China and Mexico. There is now a 60% chance of the U.S. placing a new 10% tariff on the final $300 billion of Chinese imports, a note from the Wall Street investment bank said Monday.This is an increase from a previous estimate of 40%

The fate of the updated trade deal between the U.S., Mexico and Canada was thrown into question after U.S. President Donald Trump announced Thursday that his country plans to impose a 5% tariff on all Mexican imports from June 10.  

Raising tariffs on all Chinese goods that enter American borders will likely hurt U.S. economic growth, which has already shown signs of slowing in recent months, according to Japanese financial firm Nomura.

The stock market and economic outlook in the United States is “deteriorating,” according to an analysis from one of Wall Street’s top investment banks. Renewed trade tensions and a slump in economic data — ranging from falling durable goods and capital spending to a downshift in the services sector — has put U.S. profits and economic growth at risk, Morgan Stanley warned Tuesday.

With both the U.S. and China avoiding any severe economic downturn so far, there’s little incentive for the two countries to strike a trade deal quickly, according to UBS Global Wealth Management.

If your company offers a 401(k) plan, it can be an effective way to save for your future: You get tax benefits, the money is automatically taken from your paycheck before you have the chance to spend it and, often, companies offer a match, which is essentially free money. Consistent contributions can even make you a millionaire.In fact, the number of Fidelity 401(k) accounts with a balance of $1 million or more recently hit a record of 180,000. 

U.S.manufacturer growth hit new lows in May, the latest sign that the trade war may be slowing the economy. The U.S. manufacturing PMI (Purchasing Managers Index) was 50.6 in May, the lowest level since September 2009, according to results from financial data firm IHS Markit released Thursday.

U.S.tariffs on Chinese goods are hurting an unintended target as the trade war rages, an International Monetary Fund study found. The study, released Thursday, said that tariff revenue collected from levies on Chinese goods “has been borne almost entirely” by U.S. importers.

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the economy slows.

In the case of the SPDR S&P 500 ETF (NYSE: SPY) and the Invesco QQQ Trust (Nasdaq: QQQ), they have just had their 10-day moving averages cross bearishly below their 50-day moving averages. Looking at each of the charts, it is the first time since October that these ETFs have experienced a bearish crossover in the moving averages and when it happened last fall, it was an ominous sign.In the case of the QQQ, it was trading around $162.50 when the 10-day moved back above the 50-day and it would eventually rise above $190 before pulling back again.

Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future.

home sales fell for a second straight month in April due to weak sales in the lower-priced segment of the market. Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago.  That was the 14th straight year-on-year decrease in home sales. 

Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new research Monday. The Janus Henderson Global Dividend Index said that U.S. dividends totaled a record $122.5 billion during the period, up 8.3%.

Trade tensions between the U.S. and China stalled a global recovery and are continuing to endanger investment and growth, the secretary general of the OECD warned Monday. “We were in the middle of a recovery when all these decisions about trade started and not only did it stifle the recovery, it basically has produced the slowdown and the potential for greater damage is still there,” Angel Gurria told CNBC.

As trade tensions with the U.S. intensified, China sold off its Treasury holdings at the fastest pace in about two years during March. The largest foreign owner of U.S. debt reduced the level by just shy of $20.5 billion, a slight decrease that brought the total holdings down to $1.12 trillion. 

When it comes to his position on the U.S.-China trade dispute, President Donald Trump is still playing the role of a riverboat gambler on a hot streak. Nearly a year ago, Trump was pressed, during a CNBC interview, to explain his aggressive tariff strategy both against China and other partners around the world.The S&P 500 was up nearly 5% for the year as of the July 20 appearance, and the large-cap index had risen 31% since his election victory in 2016.

A Federal Reserve projection on economic growth just weakened substantially, and expectations for a rate cut over the next eight months got a lot stronger. The Atlanta Fed’s closely watched GDPNow tracker is pointing to a 1.1% gain for the economy in the second quarter, according to a revision posted Wednesday.

Consumer and industrial activity in both the U.S. and China slowed in April, even before the world’s two biggest economies entered the latest phase of an escalating trade war that could take a bite out of global growth.

U.S.consumer prices rose in April but underlying inflation remained muted, suggesting the Federal Reserve could keep interest rates unchanged for a while.