The U.S. trade war with China just got kicked up another notch.
The White House on Wednesday proposed a 25 percent tariff on $200 billion worth of Chinese goods, more than double the 10 percent tax rate originally planned.
U.S. trade representatives are trying to re-engage China in trade talks to de-escalate tensions between the two countries. Advisers reportedly told President Trump that China's authorities would be more likely to yield if higher tax rates were imposed.
Last month, the administration imposed a 25 percent tariff on $34 billion worth of Chinese goods, mostly machines and components. When Beijing immediately retaliated, Trump proposed additional taxes on $200 billion in importsーthis time affecting more consumer goods like furniture and computers.
Raising the proposed tax rate on those goods means extending the deadline for public comment on the plan from August 30 to September 5.
More Covid-era benefits are ending.
The Supreme Court justices are taking the bench for the first time since June in a new session.
President Joe Biden signed a spending bill late Saturday night after a last-ditch bipartisan deal to avoid a government shutdown.
California Gov. Gavin Newsom appointed Laphonza Butler, president of EMILY's List, to succeed Sen. Dianne Feinstein, who passed away last week.
Former President Donald Trump denounced the civil fraud case over his business practices as a politically motivated “scam” as he arrived defiantly for a trial in the lawsuit, which could cost him control of Trump Tower and other prized properties.
Memorial services for California Sen. Dianne Feinstein are now set.
Stocks fell to open the new week and a new month despite a bipartisan deal at the 11th hour to avoid a government shutdown.
McCarthy passed a temporary spending bill with Democratic support, enraging Gaetz and other far-right members whose demands for spending cuts were a nonstarter with the Senate and President Joe Biden.
California Gov. Gavin Newsom fulfilled his pledge to appoint a Black woman if Dianne Feinstein’s seat became open. The long-serving Democratic senator died Thursday after a series of illnesses.
Police seized computers and cellphones during searches of the Marion County Record's office and the home of its publisher in August.
