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
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
"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
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
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
President Donald Trump may not have as great a grasp on health-care policy as he claims.
The president "seemed especially confused" during a meeting with senators Tuesday when a senator "complained that opponents of the bill would cast it as a massive tax break for the wealthy," The New York Times reported. Trump then said he would address tax reform later, according to the Times, which cited an aide who had a readout of the exchange.
Trump appeared to dispute the report in a pair of tweets Wednesday morning, alleging that the "failing" Times "writes false story after false story about me."
He added that he knows health care "well" and wants "victory" for the United States.
Trump ran on a campaign of repealing and replacing Obamacare, promising on the campaign trail to immediately do so if he won the presidency. He has repeatedly applied pressure on the House and Senate to pass an Obamacare replacement plan, though he has reportedly had less influence on senators than he did on House members.
Throughout the discussions, Trump has rarely gone into detail about what the bills do or why they are improvements over Obamacare. He did call the plan the House passed "mean" and said he wanted the Senate proposal to have more "heart."
The Senate plan's tax provisions have been a major point of criticism from Democrats. Some lawmakers have cast it as a tax cut for the rich disguised as a health-care bill.
The Senate bill, the Better Care Reconciliation Act, repeals an array of Obamacare taxes including the 3.8 percent tax on net investment income. It takes the 0.9 percent Medicare surtax off the books in 2023 and delays the so-called Cadillac tax on high-cost employer plans until 2026, among other tax-related measures in the plan.
Nearly half of the benefits from those tax cuts will go to the top 1 percent of households by income, according to the Tax Policy Center.