Politics Jul 31 WATCH: White House holds news briefing ahead of Trump's deadline for imposing new tariffs White House press secretary Karoline Leavitt said at Thursday's news briefing that Trump “at some point this afternoon or later this evening” would sign an order to impose new rates starting at 12:01 a.m. EDT Friday.
World Jul 30 Trump announces 25% tariff on 'our friend' India for buying Russian oil, warns of other penalties Trump said on Truth Social on Wednesday that India "is our friend" but its "Tariffs are far too high" on U.S. goods. The Republican president added India buys military equipment and oil from Russia, which Trump says has enabled Moscow's…
Economy Jul 29 Trump's tariffs could squeeze U.S. factories and raise costs by up to 4.5%, a new analysis finds The analysis by the Washington Center for Equitable Growth warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin.
Economy Jul 28 Trump is getting the world economy he wants — but the risk to growth could spoil his victory lap Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to accept higher costs — in the form of high tariffs — for the privilege of selling their wares to the United…
Politics Jul 26 Trump says Japan is investing $550B in the U.S. at his direction. It may not be a sure thing President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying.
Politics Jul 24 WATCH: Trump visits Federal Reserve as he pressures Powell to cut interest rates The Federal Reserve, known for its tight lips, structured formality and extraordinary power to shape the global economy, opened up a costly building renovation Thursday to reporters and President Donald Trump.
Economy Jul 23 Big 3 automakers say Trump's tariff deal with Japan puts them at a disadvantage U.S. automakers worry that President Donald Trump's agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors.
Politics Jul 18 Trump appointees pushed more marble in Federal Reserve building renovation White House now attacks The Fed's architects said the central bank had wanted glass walls to reflect the Fed as a transparent institution, but three Trump appointees to a local commission felt marble best fit the building's historic character.
Politics Jul 16 How Trump could use an expensive Fed building renovation to oust Powell President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, who has resisted the Republican president's calls to slash interest rates out of concerns about the administration's tariffs sparking…
World Jul 10 Brazil vows retaliatory tariffs if Trump follows through on 50% tariff threat Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial against his predecessor, Jair…