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
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
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
CNBC's John Harwood spoke with Stephanie Schriock, president of Emily's List, about how the Democratic political action committee spreads its influence among national and state campaigns. Here is an edited excerpt of their conversation.
Harwood: When you think about your allocation decisions — limited amounts of money, staff time — how do you calibrate now versus the future? That is to say, people running for federal office versus people running for city council, state legislature, all the lower-level things that become the feeder jobs for Congress.
Schriock: We have had to make a big expansion here at Emily's List in our state and local work this year. Not just for the future, but because those that are serving in the legislature today are absolutely rolling back policies. They're devastating women and families in their legislatures.
Harwood: We've got state chapters here today.
Schriock: That's exactly right. We've got our state organizations here. This is a very serious moment in these legislatures, and we more than tripled the size of our staff that recruits for legislative seats alone across this country.
Harwood: Encouraged by Virginia?
Schriock: We were engaged in 16 of those House of Delegate races. Thirteen of those women won; 11 of the 15 pickups were Emily's List candidates. We know that we've got the formula here to get those women up and running and to ensure they've got good staff around them. We're now working with 1,200 women in legislatures. This on top of our wanting to take back the House. That's on top of the Senate work. That's on top of the 10 women we've endorsed for governor.
Harwood: Are there legislatures you think are ripe to be flipped?
Schriock: Many states. Many chambers that can flip over. I mean look at the Florida Senate, and the Colorado Senate, the Minnesota Senate. And in places like Florida where, a lot of Democrats would say, "Oh, that House is impossible." I've got to tell you, there wasn't anybody who thought that the Virginia House of Delegates was going to be close at the end of the day.
If this all starts moving our direction as Democrats, those legislative seats in these state houses, they're going to move fast. So our job is to make sure that there are good, strong, Democratic women running in those seats. And that's exactly what we're doing.
Speakeasy podcast: Listen to John Harwood's discussion with Stephanie Schriock here