The dollar’s recent decline signals a loss of faith from global investors in the United States’ ability to honor its obligations. Harvard University’s Ken Rogoff says political dysfunction in Washington and Trump’s aggressive trade war fuel economic uncertainty and undermine America’s soft power in the world.

Major stock indexes were slightly lower on Friday as U.S. President Donald Trump's announcement of tariffs on imports from Canada fanned worries about trade tensions, with the Canadian dollar down against the greenback.

Former Chicago Mayor Rahm Emanuel has a stark warning for Democrats’ fundraising efforts as numbers start to trickle in from the second financial quarter. In an interview with the Washington Examiner,

“Putin will not negotiate as a loser,” one of his longtime associates tells TIME by phone from Moscow. “He knows that winners don’t get punished, and if he wins, all of this” — the sanctions, the tariffs — “will go away.”

The dollar edged up across the board on Friday as U.S. President Donald Trump's ramped-up tariffs on Canada and other trading partners sparked a flight to safety.Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1.

Senate Republicans are gearing up to advance a multibillion-dollar clawback package from President Donald Trump, but dissent among the ranks threatens to stymie the process. Senate Majority Leader John Thune, R-S.D., intends to put Trump’s $9.4 billion ...

Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.

US stocks are little changed as investors shrug off more tariff threats from Trump. Investors await inflation data and earnings for direction.