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
Porn star Stormy Daniels on Tuesday said she was "proud" of President Donald Trump's former lawyer and fixer Michael Cohen, thanking him for his courage in "finally beginning to tell the truth about what you did."
Daniels' statement came as Cohen testified to a congressional committee about hush money paid to her and Playboy model Karen McDougal to keep quiet about alleged affairs with Trump, among other issues.
"In his testimony today, Michael Cohen described serious crimes and we should stay focused on those. But I do want to make a brief statement to Mr. Cohen directly," Daniels said.
"Michael, I'm proud of you for finally beginning to tell the truth about what you did, and trying to repair some of the harm you have caused. I can hear the pain and regret you feel for betraying your family and your country. My heart goes out to you and your family."
Daniels also said: "You spoke about how the president and his attorney put you and your family in danger by calling you a liar and a rat and disparaging you in public."
"I understand your fear, Michael. I have a family too. Do you believe now that when you and the president called me a liar, when you were his attorney and you insulted me, threatened to bankrupt me and worse, that you put me and my family in danger? I remember the fear you feel. I still feel it," Daniels said. "Thank you for having the courage, at long last, to begin to tell the truth. I hope that someday soon your family and mine can both leave this nightmare behind."
Cohen has said he paid Daniels $130,000 on the eve of the 2016 presidential election at Trump's direction to buy her silence about one-night stand the real-estate mogul allegedly had with her a decade earlier.
Questions about his use of a shell company to pay Daniels that were raised in media reports last year led to an FBI raid on his residences and office in New York City last year, and ultimately his guilty pleas to multiple criminal charges.
On Tuesday, he submitted to the House Oversight and Government Reform Committee two checks of $35,000 apiece to him, one of which bears Trump's signature, for what Cohen testified were installment payments to reimburse him for that hush money.
The check from Trump was signed on Aug. 1, 2017, "when he was president of the United States, pursuant to the cover-up," Cohen testified. "This $35,000 check was one of 11 check installments that was paid throughout the year, while he was president."
Cohen also has admitted arranging for the publisher of the National Enquirer to pay McDougal $150,000 to buy her silence about her own alleged affair with Trump in 2006 and 2007.
He has said Trump had him facilitate the payments to both women to avoid having their stories damage his chances to win the presidency.
Trump has denied having affairs with Daniels and McDougal. He also has denied any wrongdoing in connection with the payments to the women.
The 52-year-old Cohen last year pleaded guilty to violating campaign finance law by the payments, which were not disclosed as expenditures by Trump's campaign or benefits to the campaign. He also pleaded guilty to lying to Congress about details of an effort to build a Trump Tower in Moscow, and to tax and other financial crimes.
Cohen is scheduled to surrender May 6 to begin serving a three-year prison sentence.
Federal prosecutors in New York City are continuing to investigate the payments to Daniels and McDougal. Cohen is cooperating with that probe, and testified Tuesday that prosecutors there are also aware or alleged wrongdoing or illegal acts related to Trump that are being investigated.