Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Russian Energy Minister Alexander Novak said there were different options available for OPEC and its oil-producing allies in the second half of 2019, including a possible...Oilread more
The Australian Electoral Commission (AEC) on Monday said Morrison's coalition has won 76 seats in Australia's parliament, which is comprised of 151 elected lawmakers.Electionsread more
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any...World Politicsread more
Trump on Thursday called tariffs an "excellent" alternative to a trade deal, hours before Chinese officials were set to meet U.S. trade negotiators in Washington.
"The kind of gamesmanship that we're playing right now really worries me. I don't see the end game here in terms of the tit-for-tat the president is playing with the Chinese," Blumenthal, who sits on the Judiciary Committee, said on "Squawk Alley. "
On Sunday, Trump announced that U.S. tariffs on $200 billion worth of Chinese goods would jump to 25% because the Chinese were attempting to renegotiate terms of the deal. The increase is set to kick in at 12:01 a.m. ET Friday.
However, the president has suggested the administration may reverse the decision, depending on how negotiations go. China's Vice Premier Liu He is set to dine with Trump's trade team Thursday evening, just a few hours before the deadline.
"It's possible to do it; they're all here," Trump told reporters at the White House on Thursday.
However, he also said, "Our alternative is an excellent one."
"It's an alternative I've spoken about for years. We'll take in well over a hundred billion dollars a year. We never took in 10 cents from China," Trump said, referring to additional tariffs he promised to impose on China. "And I think it'll be a very strong day, frankly. But we'll see."
On Wednesday night, Trump said that China "broke the deal." Those remarks sent the market plunging on Thursday, but stocks cut their losses later in the day after the president said a trade deal is still possible.
Blumenthal called the escalating tariff threats "a game of chicken."
He said, however, there are pressing issues that need to be dealt with, such as the allegations of intellectual property theft and China's currency manipulation.
"I support certainly driving a hard bargain and insisting on fair treatment for our intellectual property, for our currency, for our products sold abroad," he said. "We need to insist on a hard line."
— CNBC's Kevin Breuninger contributed to this report.