Global stock markets have rebounded after President Trump avoided reigniting a trade war with China amid tension over Hong Kong and the coronavirus pandemic.

U.S. and Chinese negotiators are scheduled to begin a 13th round of talks.

American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.

U.S. employers added a modest 130,000 jobs in August, a sign that global economic weakness and President Trump's trade war with China may have begun to slow hiring. 

U.S. businesses added a healthy 195,000 jobs last month, a sign companies are still hiring despite the Trump administration's trade war with China. 

Stocks dropped 3% on Wall Street, their worst loss of the year, after China countered President Trump's latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.

If you're a Costco member and plan to do some shopping soon - you may notice higher prices on items. Costco says the trade war between the U.S. and China is leading to higher prices. 

Best Buy's CEO is warning that prices will rise if the U.S. applies another round of tariffs on Chinese goods.  

President Trump increased U.S and China tensions with threats to raise tariffs.