President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
The House voted Tuesday to block President Donald Trump's national emergency declaration, rebuking the president and pressuring Senate Republicans.
Democrats easily passed the resolution in a 245-182 vote. Thirteen House Republicans joined them — fewer than Democrats would need to overcome a potential presidential veto.
The measure would terminate the action Trump took to secure billions of dollars to build his proposed wall on the U.S.-Mexico border. Democratic leaders in the House have called the emergency declaration an overreach by a president who failed to get the funding he wanted from appropriators in Congress.
The legislation will now go to the GOP-controlled Senate. Despite Senate Majority Leader Mitch McConnell's support for Trump's action, he will have to take up the privileged resolution to block it. It could very well get through the Senate: only four Republicans need to join 47 Democrats in backing it for it to garner the simple majority needed to pass.
Still, Trump plans to veto the bill. Democrats would then have a much tougher time convincing two thirds of both chambers — or 290 and 67 lawmakers in the House and Senate, respectively — to override the president. Last week, Trump told reporters that he does not "think it survives the veto" as "we have too many people that want border security."
Even if Congress fails to block the emergency declaration, it will likely reproach his flex of executive power in a way rarely seen during his more than two years in office. It already dealt him a blow on immigration — his signature issue — by giving him only about $1.4 billion of the $5.7 billion he sought for border barriers in the funding law signed earlier this month.
In addition, numerous U.S. states and several independent groups have already filed lawsuits challenging the emergency declaration. Trump believes the Supreme Court will ultimately rule in his favor.
The White House aims to secure $8 billion to build border barriers by circumventing Congress. He will use the emergency declaration to draw $3.6 billion from the Department of Defense's military construction funds. With other executive actions, he plans to divert $2.5 billion from the Pentagon's drug interdiction program and $600 million from the Treasury Department's drug forfeiture fund.
On Monday, House Speaker Nancy Pelosi contended Trump's "power grab usurps" the power of the purse given to Congress in the Constitution.
"We would be delinquent in our duties if we did not resist, if we did not fight back to overturn the President's declaration," the California Democrat said. "To not do that would be to abandon our own responsibilities. We do not intend to do that."
On Tuesday, McConnell said he "couldn't handicap" how a vote would go in the Senate. The Kentucky Republican expects the chamber to vote before its next recess on March 18. He noted that GOP senators had a "fulsome" discussion about the emergency declaration during a lunch Tuesday, which Vice President Mike Pence attended.
At least three Senate Republicans — Sens. Susan Collins of Maine, Lisa Murkowski of Alaska and Thom Tillis of North Carolina — have signaled they will support the legislation to block the emergency declaration. Both Collins and Tillis face re-election bids next year in ideologically split states.
GOP lawmakers will have to balance a desire to back Trump and the Republican voters who overwhelmingly support him with a professed opposition to expansions of executive power.
"As a U.S. senator, I cannot justify providing the executive with more ways to bypass Congress. As a conservative, I cannot endorse a precedent that I know future left-wing presidents will exploit to advance radical policies that will erode economic and individual freedoms," Tillis wrote in a Washington Post column announcing that he would vote to disapprove of the emergency declaration.