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
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
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
Former Trump campaign chief Paul Manafort has reached a tentative deal with special counsel Robert Mueller ahead of his second trial, ABC News reported Thursday, citing sources familiar with the negotiations.
A deal between Manafort and Mueller would bring to an end the long running charges involving one of President Donald Trump's top advisors during the 2016 campaign. It was not clear Friday morning whether any deal would involve cooperation in any potential case against the president.
Neither CNBC nor NBC News has independently confirmed the reports of a deal. A representative for the special counsel declined to comment.
There have been some suggestions that the two parties were nearing a deal. A hearing was set for 11 a.m. ET Friday. Earlier in the week, it was reported that Manafort was in talks with Mueller ahead of the trial but was resistant to the idea of providing information about Trump.
On Wednesday, The Wall Street Journal reported that any potential deal was unlikely to include an explicit requirement that Manafort help Mueller in his investigation of the Trump campaign's possible links to Russia.
More information was expected to be provided at Friday morning's hearing.
Manafort's second trial largely relates to work he did for pro-Russia politicians in Ukraine before he worked for Trump's campaign. He has been accused of working as a lobbyist for a foreign government without appropriately registering. Manafort has also been accused of a variety of money laundering charges.
Manafort, 69, has pleaded not guilty. The former D.C. lobbyist has been held in jail without bail since June, when Mueller charged him with trying to tamper with potential witnesses. Last month, he was found guilty of eight criminal counts by a federal jury in Virginia, including five counts of tax fraud. A mistrial was declared on 10 other counts after one juror reportedly held out against conviction.
Representatives for Manafort did not immediately respond to a request for comment.
-- CNBC's Dan Mangan contributed to this report.