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
An independent government ethics office has urged the White House to probe and potentially discipline President Donald Trump's advisor Kellyanne Conway for comments she made supporting Ivanka Trump's clothing line.
In a letter released Tuesday, Office of Government Ethics Director Walter Shaub told deputy White House counsel Stefan Passantino that Conway appeared to breach a rule preventing her from using her position to promote private products. On Thursday, Conway said on Fox News to "go buy" the president's daughter's Nordstrom line, later adding that she would "give it a free commercial."
"These facts, if true, would establish a clear violation of the prohibition against misuse of position ... Therefore, I recommend that the White House investigates Ms. Conway's actions and consider taking disciplinary action against her," Shaub wrote.
The ethics office cannot discipline federal employees but is charged with recommending possible punishment. Therefore, the final decision on whether to discipline Conway comes down to the White House.
Press secretary Sean Spicer previously said that "Kellyanne has been counseled" for the remarks. However, Shaub said, "OGE has not yet received notification of any disciplinary or other corrective action" against Conway.
Conway's apparent promotion of the brand followed the president's public attack on Nordstrom in response to the department store saying it plans to stop selling Ivanka Trump products. The president alleged that Nordstrom treated his daughter "unfairly," renewing concerns that he is using his platform to affect his family's business interests.
The chain faced backlash from some consumers for selling Ivanka Trump–branded products amid concerns about her father's policies. It said its decision was based only on business considerations.
Shaub asked that Passantino notify the OGE about "the findings of [the White House's] investigation and any disciplinary or other corrective action taken in this matter" by Feb. 28.
House Committee on Oversight and Government Reform Chairman Rep. Jason Chaffetz, R-Utah, and Ranking Member Rep. Elijah Cummings, D-Md., also asked the OGE for its recommendation on Conway's comments.