A very good friday morning to you. Im jim sciutto in washington. Poppy harlow is off today. We are following breaking news this morning. No end in sight for President Trumps trade war with china. In just the last hour, china has announced it will impose new tariffs on 75 billion in u. S. Goods. It comes as we wait to hear from the fed chair Jerome Powell at any moment. He is speaking at an Economic Forum in wyoming. Will he announce Interest Rate cuts as he faces Major Pressure from the white house . Its go to alison kosik. Tell us what these new tariffs mean for the u. S. Economy. So the new tariffs are sort of a slap back at the Trump Administration for its final round of tariffs on the remaining chinese goods of 300 billion in chinese goods that come into the u. S. Those tariffs are a 10 tariff going into effect on september 1st and december 15th. So in retaliation for that, china went ahead and announced its over tariffs on 75 billion of u. S. Goods. A tariff anywhere from 5 to 10
East. Its been less than three weeks since two Mass Shootings that killed 31 people. Already it seems momentum hear meaningful changes to gun laws is fading. A source confirms President Trump told nra chief Wayne Lapierre that universal background checks are, quote, off the table. The source says there is more emphasis on passing red flag laws, allowing people to ask a daughter intervene if a court to intervene if they see warning signs. A senior official tried to downplay the president s comments to lapierre saying he was only talking about universal checks. Yesterday the president himself downplayed any hopes of changes to background checks. We have very, very strong background checks right now. But we have sort of missing areas and areas that dont complete the whole circle, looking at different things. And i have to tell you that it is a mental problem, and ive said it 100 times, its not the gun that pulls the trigger, its the person that pulls the trigger. Well, that doesnt jibe wi
Announcer this is cnn breaking news. Breaking news. President trump retaliates in his trade war with china. He Just Announced new tariffs on billions of dollars of chinese goods, hours after beijing hit the u. S. With new tariffs. This caps a day of turmoil that sent the Dow Jones Industrials plunging more than 600 points. The president has been fanning the flames saying he, quote, hereby orders u. S. Companies to start looking for an alternative to doing business in china. As recession fears rise, mr. Trump again attacked his Federal Reserve chairman, suggesting that Jerome Powell may be a bigger enemy of the u. S. Than the president of communist china. Also breaking, the Supreme Courts liberal icon, ruth bader ginsburg, treated for pancreatic cancer. The 86yearold justice just completed radiation therapy. The court says her malignant tumor was treated definitively with no evidence that the disease had spread. Ill get reaction from democratic congressman roe kana. He is a member of th
This is cnn breaking news. Were following breaking news on President Trumps scramble to ease growing fears of a recession. He just confirmed hes looking at a possible payroll tax cut hours after the white house denied that was under discussion. And hes once again picking on a favorite target, pressuring the Federal Reserve to cut interest rates. The president suggesting something needs to be done to boost the economy while insisting the u. S. Is very far from a recession. Also breaking, the president takes his feud with a democratic congresswoman who has been critical of israel to a stunning new level. He says any Jewish Voters who vote democratic show either, quote, a total lack of knowledge or great disloyalty. Ill get reaction from democratic congressman ted deutch on the Foreign Affairs and judiciary committees and our correspondents and analysts also are standing by for us. First, the cnn chief white house correspondent, jim acosta, and jim, the president took these questions in t
Skepticism as i Read Everything nowadays, especially with a healthy degree of skepticism. Were living in unprecedented times. You dont know. I saw the interview earlier tonight as i was preparing for the show, as im sure you did as well and then you jumped on calling him. Listen, its interesting because speaking for the people at home as im watching it for the first time im like, what is he saying because this whole deep state thing was supposed to be about setting up donald trump, yet hes saying that Hillary Clinton was set up. Yeah. And that the fbi was used as a political apparatus. Hes not making a if i had even sensed that this was about a political agenda or some infowars bs like that, i would never have him on the show, but i know him, ive tracked his career over the years, his website has got some stuff on it that is certainly controversial. Deepcapture. Com. The thing that he does. He is a conspiracy theorist of sorts. Not the ones we were talking about yesterday with calling