Latest Office of the President of the United States News

Trump raises tariffs on Chinese goods as trade war escalates

Aug. 24, 2019 12:46 PM EDT

WASHINGTON (AP) — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there. He also blamed his appointed head of the U.S. central bank, Federal Reserve Chairman Jerome Powell, for the state...

N. Korea test-fires missiles again after joint drills end

Aug. 24, 2019 12:42 AM EDT

SEOUL, South Korea (AP) — North Korea fired two suspected short-range ballistic missiles off its east coast on Saturday in the seventh weapons launch in a month, South Korea's military said, a day after it vowed to remain America's biggest threat in protest of U.S.-led sanctions on the country. The North...

Is Trump's economic team up for a trade war?

Aug. 24, 2019 12:03 AM EDT

WASHINGTON (AP) — Facing a trade war against China that has shaken the global economy, President Donald Trump gathered his most trusted economic aides in the Oval Office. The assembled brain trust for Friday's urgent consultations included an economics chief best known for his stint as a cable TV...

Trump scraps plan to push for foreign aid cut

Aug. 22, 2019 5:15 PM EDT

WASHINGTON (AP) — Facing bipartisan opposition, President Donald Trump has scrapped an effort to cut some $4 billion in foreign aid that lawmakers had already approved. A senior administration official and a Democratic congressional aide confirmed the decision Thursday. Both spoke on condition of anonymity...

S. Korea cancels Japan intelligence deal amid trade dispute

Aug. 22, 2019 3:27 PM EDT

SEOUL, South Korea (AP) — South Korea said Thursday it will terminate an intelligence-sharing deal with Japan that focused on classified information about North Korea, a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its most important allies in...

Trump allies push back on proposed foreign aid cut

Aug. 16, 2019 4:42 PM EDT

WASHINGTON (AP) — Two of President Donald Trump's strongest allies in Congress pushed back Friday on his administration's plans to slash some $4 billion in foreign aid that lawmakers have already approved. In a letter, Sen. Lindsey Graham of South Carolina and Rep. Hal Rogers of Kentucky discouraged the...

The Latest: Trump defends Israel move to bar 2 congresswomen

Aug. 15, 2019 5:48 PM EDT

JERUSALEM (AP) — The Latest on Israel's decision to bar two U.S. Democratic congresswomen from visiting (all times local): 12:45 a.m. President Donald Trump is defending Israel's decision to bar two Democratic members of Congress from visiting the country, even as he claims he didn't "encourage or...

Asian shares rise on US plan to delay some China tariffs

Aug. 14, 2019 1:17 AM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. Japan's Nikkei 225 added 1.2% in early trading to 20,691.10, while Australia's S&P/ASX 200 rose...

Trump delays tariffs on some Chinese goods until December

Aug. 13, 2019 6:57 PM EDT

WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the...

Markets Right Now: Tariff delay sends US stocks soaring

Aug. 13, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks shot higher after the U.S. said it would delay tariffs on Chinese imports of mobile phones, toys and other items typically on holiday shopping lists. Retailers and makers of electronics and toys rose sharply....