Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
Trump blamed the Tennessee Republican on Sunday for the Obama administration's nuclear deal with Iran, and suggested that Corker actively pursued a re-election endorsement from Trump and a top ranking Cabinet post.
In response, Corker blasted the White House, tweeting that it had become an "adult day care center" and saying that someone "missed their shift."
"Corker's a grown up. He can have a fight with the president," said Norquist, founder and president of Americans for Tax Reform. "He has already done the negotiating that he's focused on to try, in his view, limit the size of the tax cut."
"He's a serious guy in terms of wanting economic growth," Norquist added in an interview on "Squawk Box. "
The war of words came as the GOP faced the daunting task of tax reform. Corker has stated he cannot support tax legislation that adds to the annual federal deficit.
Jared Bernstein, former chief economist and economic policy advisor to Vice President Joe Biden, told "Squawk Box" that Trump's tax reform plan doesn't close enough loopholes and skews more benefits to the wealthy.
Bernstein also argued against the president's claim that tax cuts will result in economic growth. "There is no correlation between tax cuts and economic growth," he argued.
Trump has predicted his policies, including tax reform, would spur growth of 3 percent.