American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...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
"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
President Donald Trump is needling his party's top senator — again.
Following the latest Obamacare repeal failure in the Senate, Trump is urging Senate Majority Leader Mitch McConnell to scrap the chamber's "horrible" filibuster rule. The measure allows senators to block bills unless they can get 60 votes.
McConnell and numerous other Republican senators have repeatedly said they have no interest in getting rid of the filibuster.
"They have to get rid of the filibuster rule. Otherwise ... they're just making a mistake," Trump said in comments aired Thursday on Fox News' "Fox and Friends."
Trump also called on McConnell to drop the rule after previous Senate failures to overhaul the health-care system this year. The president also urged the change during a speech Wednesday on tax reform and in a tweet earlier in the day.
Changing the rule would not have helped. The GOP, which holds 52 Senate seats, failed to secure even a majority vote for multiple plans to repeal or replace Obamacare under the budget reconciliation process.
Trump's comments come as more questions have emerged about McConnell's leadership. Aside from the health-care stumbles, McConnell took a hit this week when the candidate he backed, Sen. Luther Strange, lost the Alabama Senate primary to hardline conservative judge Roy Moore.
During his campaign, Moore repeatedly attacked McConnell's leadership.
Asked by Fox if he had confidence in McConnell, Trump said, "I do." But he stressed that he wants the senator to scrap the filibuster rule, which he called a "disaster" for the Republican Party.
Trump also repeated an unfounded claim that Republicans had the votes to pass the Graham-Cassidy Obamacare repeal bill if a senator had not been in the hospital. Sen. Thad Cochran, R-Miss., was in his home state recuperating from a procedure, but was not in the hospital.
Republicans lost the three votes that killed the bill — Sens. Susan Collins, R-Maine, John McCain, R-Ariz., and Rand Paul, R-Ky. — with or without Cochran.