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
Democrat Josh Harder, a former venture capitalist, is the apparent winner of California's 10th Congressional District seat now held by four-term Republican Rep. Jeff Denham, according to NBC News.
Denham conceded the race Wednesday, more than a week after Election Day.
Harder, who recently taught business at a community college, is a moderate who was endorsed by former President Barack Obama. Denham, an almond farmer and conservative ally of President Donald Trump, was outraised by about 5 to 1 in the third quarter and was seen as one of the most vulnerable Republicans in California.
California's 10th District, which went for Hillary Clinton in the 2016 presidential election, includes the northern portion of the state's Central Valley, a region known for its extensive agricultural production. It is home to a growing number of residents who work in the San Francisco Bay Area but live further inland in cities such as Modesto and Turlock, where housing costs tend to be substantially lower.
Harder had made immigration a key issue during the campaign, including blasting the incumbent's record on protecting Dreamers, or those immigrants who were brought to the U.S. as children. The district is more than 40 percent Latino.
The two also clashed on issues such as health care, tax and water policy. During the campaign, the incumbent framed Harder as a Bay Area liberal and sought to link him to controversial water and other policies backed by California Democrats Rep. Nancy Pelosi and Gov. Jerry Brown.
Democrats have picked up at least 32 House seats, NBC News projects, giving them a majority in the House.