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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread 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
"I think Russia meddles in everyone's election," the California Republican told "Squawk Box." "I don't believe Russia did anything to influence whether Trump got elected or not from the basis that the American people decided."
McCarthy was responding to questions on early reports that onetime Trump campaign chairman Paul Manafort — and Manafort's former longtime business partner, Rick Gates — were told to surrender to federal authorities as special counsel Robert Mueller's investigation into Russian interference into the U.S. election enters a new phase.
Shortly after McCarthy's interview, authorities unsealed the indictments and said Manafort and Gates had surrendered to face 12 conspiracy counts, including conspiracy to launder millions of dollars in payments from a pro-Russian party in Ukraine.
According to the complaint, Manafort and Gates, who served as political consultants and lobbyists for years, acted as unregistered agents of the Government of Ukraine from "at least 2006 to 2015."
"One thing I do know," McCarthy said ahead of the DOJ release, "is President Trump won this election based on going out to the American public and talking about job creation, talking about doing exactly what we're doing this week when it comes to taxes. "
Trump, who has repeatedly called the Mueller investigation a "witch hunt," responded to the Manafort-Gates news on Monday with tweets pointing a finger at Democrats.
A conservative website, the Federalist, reported that President Barack Obama's campaign directed nearly $1 million to the Perkins Coie law firm. The Washington Post reported last week that the firm was directed by the Democratic National Committee and Hillary Clinton's campaign to hire Fusion GPS in 2016 to complete research that eventually yielded a hotly disputed dossier about Trump's links to Russia.