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Nike and Adidas to Trump: Tariffs on shoes would be ‘catastrophic’

Nike, Adidas, Under Armour, Foot Locker and other sneaker brands and retailers told President Donald Trump on Monday that proposed tariffs on imported shoes from China would be “catastrophic” for American consumers. “Any action taken to increase duties on Chinese footwear will have an immediate and long-lasting effect on American individuals and families,” a coalition…MORE

McConnell unveils bill to combat youth tobacco use by raising purchase age to 21

Senate Majority Leader Mitch McConnell formally introduced legislation Monday to raise the age for buying tobacco and e-cigarettes to 21, a move designed to combat the health effects of tobacco addiction across the country and help his home state of Kentucky move off production of the crop that has sagged in popularity for decades. “Youth…MORE

Why Don McGahn needs to testify

On Monday afternoon, as expected, the White House blocked former White House counsel Don McGahn from testifying on Capitol Hill about his time working for President Donald Trump — and what he told special counsel Robert Mueller about it. That development was lumped in with a series of other moves by the White House to…MORE

Judge orders Trump accounting firm to hand over records to Congress

A federal district judge has told the accounting firm Mazars it will need to turn over Donald Trump’s accounting records from before he was President to the Democratic-controlled House Oversight Committee. In a 41-page opinion, Judge Amit Mehta of the DC District Court dealt a significant blow to the White House as he rejected Trump’s…MORE

Iranian official slams Trump’s ‘crazy’ mixed messages

President Donald Trump is a “crazy president” whose threats against Tehran aren’t going to work, a senior Iranian official said Monday, adding that if the President wants to talk, he’ll not only have to show some respect, but come up with a consistent message. Trump is “crazy” and his administration is “confused,” Iran’s director of…MORE

Quickly catch up on the day’s business news

Here’s what you might have missed Monday on CNN Business: Ford cuts 7,000 jobs: The auto giant hopes slashing 10% of its salaried staff worldwide will help it save $600 million a year and trim bureaucracy. Breaking up is hard to do: Google is restricting Huawei’s access to its Android operating system and apps after…MORE

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