BUSINESS & ECONOMY

Updated at 5:26 p.m. ET

China's leaders followed President Trump in taking another step toward a new trade war, announcing a plan to put steep tariffs on $50 billion of U.S. imports. China's proposed 25 percent tariffs would target a wide range of American products, from soybeans and whiskey to airplanes and cars.

"China currently buys about $14 billion worth of American soybeans each year — almost a third of the entire U.S. crop," NPR's Dan Charles reports for our Newscast unit. "Prices for U.S. soybeans tumbled by 3 to 5 percent" on the news, Dan adds.

A sales associate at New England Treatment Access in Brookline, a medical dispensary, places medicinal marijuana into a container.
Jesse Costa / WBUR

Less than 24 hours after the Cannabis Control Commission activated its licensing portal on Monday, more than 200 hopefuls have begun their applications for recreational marijuana businesses.

3 Reasons Gun Companies Are Under Pressure

Mar 27, 2018

Remington Arms Co., an American gun company with roots stretching back over 200 years, has filed for Chapter 11 bankruptcy protection. Saddled with almost $1 billion in debt and a victim of shifting market trends, Remington, like many other gun companies, faces a constant uphill battle wrought with political pressures and changing sentiments on gun ownership. Here are three reasons why gun companies are now struggling to find profits.

Updated at 1:45 a.m. ET on Friday

In a major escalation of the president's "America First" trade policy, the Trump administration is preparing to impose stiff tariffs on Chinese imports. The goal is to reduce the U.S. trade deficit with China by $50 billion. President Trump is also calling for new limits on Chinese investment in U.S. technology, in an effort to protect what the administration calls America's "economic seed corn."

Boston Approves Tax Break For Amazon's Seaport Plans

Mar 16, 2018

Boston’s planning and development agency on Thursday night approved a measure giving Amazon a tax break for proposed office space in the Seaport.

Amazon is negotiating a lease for forthcoming office space in the massive Seaport Square development.

The plan approved by the Boston Development and Planning Agency (BPDA) would give Amazon a $5 million reduction in property taxes in exchange for the company adding 2,000 workers.

The Connecticut legislature’s Public Safety Committee will hear testimony Thursday morning about a bill to allow more casinos in the state.

Updated at 7:10 p.m. ET

After decades of being the go-to toy store for many Americans, Toys R Us is officially going out of business. Unable to get its finances in order through a months-long bankruptcy process, the retail chain has reached the end of the line.

Updated at 3:58 p.m. ET

President Trump has picked economist and CNBC commentator Larry Kudlow as director of the White House National Economic Council, and Kudlow has accepted the post, the White House said Wednesday.

Kudlow, 70, will replace Gary Cohn, who stepped down after losing a battle against imposing tariffs on steel and aluminum imports.

While Vermont is by far the highest producing maple syrup state in the United States, 70 percent of the world's maple syrup is made in Québec.

And that's where the benchmark global price for bulk maple syrup — the price paid by processors to Vermont's maple syrup producers — is set each year by a powerful, but legal, cartel.

Shortly after announcing a major shake-up on Twitter on Tuesday, President Trump told reporters, "We're getting very close to having the Cabinet and other things that I want."

Trump wished outgoing Secretary of State Rex Tillerson well but said he expects a more simpatico relationship with Mike Pompeo, the current CIA director whom the president has tapped to be the nation's top diplomat.

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