*By Alisha Haridasani*
President Trump said on Thursday he’s “ready” to slap tariffs on every Chinese product entering the United States, deepening the trade war between the world's two largest economies.
“I’m ready to go to 500,” the President said in an interview with [CNBC,](https://www.cnbc.com/2018/07/19/trump-says-hes-ready-to-put-tariffs-on-all-505-billion-of-chinese-.html) referring to the $505 billion of Chinese imports. “I’m not doing this for politics, I’m doing this to do the right thing for our country. We have been ripped off by China for a long time.”
In a tweet on Friday morning, after the CNBC interview aired, Trump [said](https://twitter.com/realDonaldTrump/status/1020290163933630464), “The United States should not be penalized because we are doing so well.”
The Trump administration earlier this month levied taxes on $34 billion worth of high-tech Chinese goods to penalize the country for alleged intellectual property theft, prompting Beijing to respond in kind.
In retaliation, the Trump administration has also identified another round of tariffs on $200 billion worth of goods. The second round of taxes could hike prices of many [popular consumer goods](https://www.reuters.com/article/us-usa-trade-apple/apple-watch-fitbit-could-feel-cost-of-us-tariffs-idUSKBN1KA0E2) manufactured in China, including the Apple Watch and the FitBit tracker.
Best Buy lowered its sales outlook for the rest of the year despite a positive quarterly earnings report.
X Corp, formerly known as Twitter, is facing over 2,200 arbitration cases.
Google Flight added a new feature that tracks flight prices.
Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation.
American Airlines said it was fined $4.1 million for keeping passengers on planes during long on-ground delays.
3M said it will pay $6 billion to settle lawsuits claiming that it sold defective earplugs to the U.S. military.
Meta said it disrupted a campaign of disinformation linked to Chinese law enforcement.
Buying your first home can be challenging with rising interest rates and other costs. Cheddar News spoke with Amira Elgoneimy, a premiere agent with Redfin who caters to the New Brunswick, NJ area, and Daryl Fairweather, chief economist with Redfin, about the process involved in purchasing a residence in a competitive market.
Experts from Redfin real estate brokerage explain the challenges buyers are experiencing as they try to buy their first homes.
The Biden administration is targeting the blood thinner Eliquis, diabetes treatment Jardiance and eight other medications for Medicare's first-ever drug price negotiations as it seeks to lower medical costs for Americans.
