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
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
"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
Paul Manafort, former chairman of President Donald Trump's 2016 campaign, will be sentenced for multiple crimes in Virginia federal court on March 8 — just five days before he is due to be sentenced in a related case in Washington, D.C., a judge ordered Thursday.
Manafort, 69, potentially faces decades in prison after he is sentenced in both cases for crimes connected to income earned from consulting work he performed in Ukraine for a pro-Russia political party before joining the Trump campaign.
Special counsel Robert Mueller, in a memo last Friday to Judge T.S. Ellis in U.S. District Court for the Eastern District of Virginia, said that federal sentencing guidelines suggest that Ellis should send Manafort to prison for 19 years to 24 years for his case there.
Manafort's defense team is due to file its own sentencing memo in Virginia by March 1.
The longtime Republican operative has been held in jail since last June, when the judge in his Washington federal court case, Amy Berman Jackson, revoked his bond after he was accused by Mueller of trying to tamper with potential witnesses against him.
Manafort was convicted in late August after his first trial in Virginia on eight felony counts, including tax fraud, failure to file a report of foreign bank and financial accounts, and bank fraud. Jurors there deadlocked on 10 other counts.
Weeks later, just three days before he was due to go on trial in Washington, Manafort pleaded guilty to conspiracy charges in that court. He also agreed to cooperate with Mueller's investigation of Russian interference in the presidential election, and possible collusion by members of Trump's campaign. Trump denies any wrongdoing by his campaign.
In November, Mueller accused Manafort of violating his plea agreement by lying about his contacts with alleged Russian spy Konstantin Kilimnik, a former associate. Kilimnik has denied ties to Russian intelligence agencies.
Manafort is scheduled to be sentenced March 13 in the D.C. case. Jackson on Thursday told Manafort's lawyers to file their sentencing recommendation in that case by next Monday.
Mueller's sentencing memo in the D.C. case is due Friday.