Aug 19, 2019 - Economy & Business

Trump: Apple's Tim Cook made a good case that trade war helps Samsung

Apple CEO Tim Cook and President Trump at the White House in March. Photo: Saul Loeb/AFP/Getty Images

President Trump said Sunday Apple CEO Tim Cook made a "very compelling argument" during a meeting with him on how paying tariffs would make it difficult for the tech giant to compete with the likes of Samsung.

The big picture: Trump announced last week he would delay for 3 months tariffs on some Chinese imports, including certain tech goods, footwear and clothing. The 10% tariffs that were due to go into effect Sept. 1 would have affected iPhones and iPads.

Between the lines: The threat of a crashing stock market and higher Christmas shopping prices seemed to spook the Trump administration, despite the president's false insistence that China pays the cost of tariffs directly into the U.S. Treasury.

Go deeper: The forever trade war

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Axios

Updated 11 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 2 p.m. ET: 18,147,574 — Total deaths: 690,573 — Total recoveries — 10,753,815 — Map.
U.S.: Total confirmed cases as of 2 p.m. ET: 4,687,828 — Total deaths: 155,062 — Total recoveries: 1,468,689 — Total tests: 56,812,162 — Map.
Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
Business: Virtual school is another setback for retail — The pandemic hasn't hampered health care.
Public health: Former FDA chief says MLB outbreaks should be warning sign for schools.

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Fadel Allassan

51 mins ago - Politics & Policy

Filing suggests Manhattan DA is investigating Trump for possible fraud

Photo: Brendan Smialowski/AFP

The Manhattan District Attorney's office suggested for the first time Monday that it's investigating President Trump and his company for "alleged bank and insurance fraud," the New York Times first reported.

The state of play: The disclosure was made in a filing in federal court that seeks to force accounting firm Mazars USA to comply with a subpoena for eight years of Trump's personal and corporate tax returns.

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Fadel Allassan

2 hours ago - Politics & Policy

House Democrats subpoena top Pompeo aides in probe of IG firing

Mike Pompeo. Photo: Jim Lo Scalzo-Pool/Getty Images

The Democratic chairs of the House Oversight and House Foreign Affairs committees announced subpoenas Monday for four State Department officials as part of their investigation into the firing of former Inspector General Steve Linick.

Why it matters: The two committees, in addition to Democrats on the Senate Foreign Relations Committee, are investigating whether Linick was fired because he was probing Secretary of State Mike Pompeo and the State Department's attempts to bypass Congress to sell weapons to Saudi Arabia and the United Arab Emirates.