American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
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
"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
Michael Cohen testified Wednesday that he was aware that previously undisclosed wrongdoing related to President Donald Trump is under investigation by federal prosecutors in Manhattan.
Cohen, the president's former personal lawyer, declined to disclose details on the matter.
During an exchange with Democratic Rep. Raja Krishnamoorthi of Illinois, Cohen said the last time he spoke to the president or to someone representing the president was "within two months" of the April 2018 FBI raid on Cohen's home, office and hotel suite.
"What did he or his agent communicate to you?" asked Krishnamoorthi.
"Unfortunately, this topic is actually something that's being investigated right now by the Southern District of New York and I've been asked by them not to discuss and not to talk about these issues," Cohen replied, referring to the U.S. attorney's office that is probing the matter.
"Is there any other wrongdoing or illegal act that you are aware of regarding Donald Trump that we haven't yet discussed today?" Krishnamoorthi followed up.
"Yes," Cohen responded. "And again, those are part of the investigation that's currently being looked at by the Southern District of New York."
The exchange was one of several Cohen had with members of the House Oversight and Government Reform Committee during his explosive testimony Wednesday, in which he appeared to hint at previously unreported acts by the president that could be illegal.
At another point in the hearing, Cohen described how he and Trump used math tricks to inflate the value of Trump's assets on paperwork they submitted to Deutsche Bank as part of an effort to obtain a loan for Trump.