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 American Civil Liberties Union and Planned Parenthood filed a federal lawsuit Friday seeking to prevent Alabama's recently passed abortion legislation — deemed the strictest in the nation — from ever being enforced.
"Alabama's state motto is audemus jura nostra defendere, which means 'we dare defend our rights.' That's exactly what we're doing here today," Staci Fox, president and CEO of Planned Parenthood Southeast, said in a statement.
The law makes providing an abortion at any stage during a pregnancy a felony punishable by up to 99 years in prison. It is aimed at doctors and others who perform abortion but not women who undergo the procedure. The has no exceptions for rape or incest victims but allows abortions when the woman's life is at risk. Gov. Kay Ivey signed the measure May 15, acknowledging at the time that it was illegal under federal law and likely unenforceable.
Ivey and the sponsors of the legislation hope to spur the Supreme Court to revisit the landmark abortion ruling Roe v. Wade, which held that women have a constitutional right to obtain an abortion early in a pregnancy. Other states, including Kentucky, Georgia, Ohio and Mississippi, also passed restrictive abortion regulations into law this year.
In the 39-page complaint, filed in the Middle District of Alabama on behalf of local abortion providers, the organizations allege that the ban will eliminate abortion in Alabama and that it will have a disproportionate impact on black and low-income residents.
"By prohibiting an individual from making the ultimate decision whether to terminate a pregnancy prior to viability, [the law] violates the rights to liberty and privacy secured to Plaintiffs' patients by the Due Process Clause of the Fourteenth Amendment to the United States Constitution," the complaint says.
The Alabama legislation is unlikely to make its way to the top court for at least two years as it makes its way through the lower courts, which are expected to reject it.
"Make no mistake: Abortion remains — and will remain — safe and legal in Alabama. With this lawsuit, we are seeking a court order to make sure this law never takes effect," Randall Marshall, executive director of the ACLU of Alabama, said in a statement.