Republican senator Mike Lee is slated to introduce a bill Friday that would force President-elect Donald Trump to get approval from Congress to use tariffs or withdraw from trade deals.
Economists expect official figures to show that China's economy maintained its "uncanny stability" by growing at 6.7% for a fourth consecutive quarter.
Billionaire Wilbur Ross, President-elect Donald Trump's pick for commerce secretary, criticized countries that resort to "malicious" trading tactics and fail to play by the rules of global trade.
Many blue chips in the S&P 500 actually do most of their business in the United States. While some big multinationals like Coke and P&G could be hurt by Trump's domestic focus, Verizon, Starbucks and Lockheed Martin could thrive.
Wilbur Ross has agreed to sell some -- but not all -- of his sprawling web of assets should the billionaire be confirmed as Donald Trump's commerce secretary.