Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
She accused him of supporting the "most extreme" version of trickle-down economics with his tax plan, saying he "trumped up trickle-down." Trump has called for across-the-board tax cuts, including income tax reductions for the wealthiest Americans and dropping the estate tax.
"Trickle down did not work," Clinton said, contending the country should "never go back to what got us in trouble in the first place."
Trump has proposed breaking income taxes down into three brackets for married or joint filers: 12 percent for taxable income of $75,000 or less, 25 percent on income between $75,000 and $225,000 and 33 percent on income above $225,000. The brackets for single filers will be set at half those levels.
Most of Clinton's tax policy has focused on drawing more from the wealthy. She has called for a 4 percent surcharge on taxpayers making more than $5 million per year and a minimum 30 percent effective rate for millionaires. She would also aim to close loopholes overseas and abroad that allow the rich to avoid some taxes.
Most independent analyses have estimated Trump's economic plan would grow the U.S. deficit more than Clinton's.
Trump claimed he was "very proud" of his tax cut, calling it the biggest since Reagan. He contended it would create new jobs by keeping businesses in the United States and boosting investment at home.
This is a developing story. Please check back for updates.