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The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about billion worth of US goods.China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China's Finance Ministry.The Ministry also announced plans to resume tariffs on US imports of automobiles and automobile parts. The tariffs would be 25% or 5%, and would take effect on December 15th.Last week, China said it would take countermeasures after the United States announced it would impose 10% tariffs on Chinese imports worth 0 billion.The United States postponed the implementation of about half of those tariffs, which will cover several categories of Chinese-made consumer goods, until December. They had been due to take effect in September.The move comes amid indications the ongoing trade war is having an impact on the world's two largest economies. Industrial production in China — an important indicator for the country's economy — grew just 4.8% in July compared to a year earlier, according to China's National Bureau of Statistics. That's the worst growth for that sector in 17 years.American factories are also contracting for the first time in a decade and red lights are flashing in the bond market, where the yield curve has inverted. Such inversions, where the 10-year Treasury yield dips below the two-year Treasury rate, are historic predictors of a coming recession. 1481

The White House has flatly rejected the House Judiciary Committee's request for documents in its sweeping investigation into possible obstruction of justice and abuses of power, accusing the Democratically-controlled committee of seeking to recreate the special counsel investigation to harass the President.White House Counsel Pat Cipollone sent a letter Wednesday to House Judiciary Chairman Jerry Nadler arguing that the committee's request for documents was illegitimate."It appears that the Committee's inquiry is designed, not to further a legitimate legislative purpose, but rather to conduct a pseudo law enforcement investigation on matters that were already the subject of the Special Counsel's long-running investigation and are outside the constitutional authority of the legislative branch," Cipollone wrote."Congressional investigations are intended to obtain information to aid in evaluating potential legislation, not to harass political opponents or to pursue an unauthorized 'do-over' of exhaustive law enforcement investigations conducted by the Department of Justice," he added.The letter adds yet another layer to the escalating feud between the White House and House Democrats over their numerous investigations into the Trump administration and President Donald Trump's businesses and finances.Trump has already declared that his administration will fight all of the House subpoenas — several of which are now being fought in court. The Judiciary Committee voted last week to hold Attorney General William Barr in contempt for not providing the full Mueller report and evidence and the Ways and Means Committee has issued a subpoena for Trump's personal and business tax returns.Nadler and other House Democratic leaders are now raising the prospect they will hold numerous administration officials in contempt at the same time as part of a package to highlight the Trump administration's stonewalling of Congress. Some Democrats are also talking about invoking Congress' so-called inherent contempt powers to fine or jail those who defy congressional subpoenas.Cipollone's letter, which was first 2133

The Texas House passed legislation on Tuesday that supporters say provides religious protections, but Democrats and critics argue would allow discrimination against the state's LGBTQ community.Nicknamed the "Save Chick-fil-A" bill, 244

The White House's coronavirus task force provided an update on the administration's response to the pandemic as the number of confirmed cases in the U.S. rose to about 3,000 on Sunday.During brief comments, President Donald Trump praised the Federal Reserve's decision to slash interest rates to nearly zero, saying he was "very happy." Trump had pressured the apolitical agency for days to slash interest rates in the hopes of boosting the economy."You won't hear anything bad from me (about the fed) unless it's a few months from now," Trump said.Trump also addressed the latest information from the CDC, which now confirms that more than 3,000 Americans are confirmed to have contracted the disease, with estimates for those infected much higher.Trump left the podium without taking questions. He did not address his test for COVID-19; the White House said Saturday that Trump had tested negative for the virus, despite the fact that he came into contact with at least two people that have since tested positive for the disease.Trump administration officials also addressed the thousands of Americans who are returning to the country amid a 3--day travel ban to Europe. The influx of passengers arriving in America resulted in 1242

Today, I reported to Congress that Hong Kong is no longer autonomous from China, given facts on the ground. The United States stands with the people of Hong Kong.— Secretary Pompeo (@SecPompeo) May 27, 2020 219