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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 Trump administration announced Monday it is rolling back some protections provided by the Endangered Species Act — one of America's landmark pieces of conservation legislation.The Department of the Interior announced the changes to the rules on Monday. According to the 286
The special counsel's office deliberated at length with Justice Department officials about issuing a subpoena for President Donald Trump to be interviewed, but ultimately the decision was made not to move forward with such a significant investigative step, according to a source familiar with the matter.For months, Robert Mueller's team had requested a sit-down interview with Trump, but the President's lawyers refused to commit and negotiations continued. Eventually, the special counsel submitted written questions to the President last fall concerning the time frame before the 2016 election, which Trump answered in late November 2018.The source said the sensitive discussions between Justice Department officials and the special counsel team, and the determination that a subpoena would not be pursued, were based on the perception of the evidence and merits of the issues -- separate and apart from the fact that current department policy dictates that a sitting president cannot be indicted.While not directly addressing the issue of a presidential interview, Attorney General William Barr's letter to Congress on Sunday offers a further glimpse into how officials at the department didn't believe they had a prosecutable case against Trump on collusion or on the question of obstruction of justice."In cataloguing the President's actions, many of which took place in public view, the (Mueller) report identifies no actions that, in our judgment, constitute obstructive conduct, had a nexus to a pending or contemplated proceeding, and were done with corrupt intent, each of which, under the Department's principles of federal prosecution guiding charging decisions, would need to be proven beyond a reasonable doubt to establish an obstruction-of-justice offense," Barr wrote.The special counsel's office and the Justice Department declined to comment on internal discussions of a subpoena.In the end, the decision to not make a formal request for a subpoena was critical, because that demand, should it have been rejected, would have been communicated by the attorney general to Congress, as the special counsel regulations mandate. Instead, a formal request from Mueller wasn't made, allowing Barr to say in his letter to Congress on Friday "there were no such instances during the Special Counsel investigation" where Mueller was turned down.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2463
There are 77 counties in Oklahoma and every one of them is under a state of emergency because of historic flooding.The Department of Emergency Management says it's because of "flooding, severe storms, tornadoes, and straight-line winds that began in April."At least 278
The possibility of getting a presidential pardon for Michael Cohen, Donald Trump's former fixer who is going to jail after arranging hush money payments to protect Trump's presidential campaign, was discussed last year between Cohen's attorney and lawyers for the President, 287