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
The House Judiciary Committee on Monday launched a large-scale investigation into alleged abuses of power by President Donald Trump, sending requests for documents to 81 individuals and entities, including the president's sons.
The probe will focus on three main topics: alleged obstruction of justice by Trump and others and the "alleged cover-up of violations of the law"; alleged corruption in areas including violations of the Constitution's emoluments clause "and other criminal misuses of official positions for personal gain"; and alleged abuses of power, such as attacking the press and misusing the presidential pardon power.
"Over the last several years, President Trump has evaded accountability for his near-daily attacks on our basic legal, ethical, and constitutional rules and norms," House Judiciary Chairman Jerry Nadler, D-N.Y., said in a press release.
"Investigating these threats to the rule of law is an obligation of Congress and a core function of the House Judiciary Committee," said Nadler, whose committee is in charge of passing articles of impeachment in the House.
Nadler had said on ABC News' "This Week" a day earlier that he believes Trump has "very clearly" obstructed justice.
But Nadler said it was still too soon to make a decision about whether to impeach Trump — an action that Republicans say is the real motivation behind the investigations, regardless of whether sufficient evidence of wrongdoing exists.
The committee's ranking Republican, Rep. Doug Collins of Georgia, told NBC: "We don't even know what the Mueller report says, but Democrats are already hedging their bets. After recklessly prejudging the president for obstruction, Chairman Nadler is pursuing evidence to back up his conclusion because, as he admits, 'we don't have the facts yet.'"
Nadler noted in that interview that Donald Trump Jr. and Trump Organization Chief Financial Officer Allen Weisselberg were among the dozens of people to be sent requests for documents as part of this investigation.
Eric Trump is also included in the list. Trump's two oldest sons have been overseeing the Trump Organization since their father became president.
Trump's son-in-law, Jared Kushner, is on the list, as well. Trump's daughter Ivanka Trump is not.
White House press secretary Sarah Huckabee Sanders confirmed Monday morning that Nadler had sent the request. "The House Judiciary Committee's letter has been received by the White House. The counsel's Office and relevant White House officials will review it and respond at the appropriate time," Sanders said in a statement.
Nadler says in the committee's press release that special counsel Robert Mueller's team and federal prosecutors in New York have both been told about the congressional panel's sweeping new initiative.
Mueller is probing Russia's interference and possible Trump-campaign collusion during the 2016 presidential election. Federal prosecutors of the Southern District of New York are investigating campaign-finance issues, as well as Trump's inaugural committee.
Trump, asked about Nadler's probe at the White House, said, "I cooperate all the time with everybody."
The president was hosting the North Dakota State football team in the White House state dining room in celebration of their record seventh FCS championship. The team was treated to a spread of fast-food menu items from Chick-fil-a and McDonald's.
"You know the beautiful thing – no collusion. It's all a hoax," Trump added.
"You're going to learn about that as you grow older. It's a political hoax. There's no collusion," Trump said. "Folks, go and eat up."