Jul 31 Trump signs order imposing new tariffs on many trading partners that go into effect in 7 days By Josh Boak, Associated Press President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 — the next step in his trade agenda that will test the… Continue reading
Jul 31 Watch 6:32 Economist analyzes Trump’s trade deals as tariff deadline approaches By Amna Nawaz, Murrey Jacobson, Azhar Merchant With hours to go before President Trump’s deadline, dozens of countries are facing the possibility of significant tariffs that could go into effect. But there’s uncertainty around the deadline as Trump announced a 90-day extension for Mexico. Amna Nawaz discussed… Continue watching
Jul 31 WATCH: White House holds news briefing ahead of Trump’s deadline for imposing new tariffs By Josh Boak, Associated Press 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. Continue reading
Jul 31 Trump seeks to use Canada’s recognition of Palestinian state as leverage in trade talks By Michelle L. Price, Associated Press Trump's threat posted early Thursday on his social media network is the latest way he's sought to use his trade war to coerce countries on unrelated issues and a swing from the ambivalence he has expressed about other countries making… Continue reading
Jul 30 Watch 7:32 Economy grows more than expected despite trade war concerns By Geoff Bennett, Jackson Hudgins The Federal Reserve announced it would keep interest rates steady, despite dissents from two members of its rate-setting committee who were appointed by President Trump. Trump has been pressuring Jerome Powell to cut rates, but the Fed chair has expressed… Continue watching
Jul 30 U.S. economy expanding 3% in second quarter, bounding back but growth masks economic uncertainty from Trump’s tariffs By Paul Wiseman, Associated Press The Commerce Department reported Wednesday that America gross domestic product — the nation's output of goods and services — rebounded after falling at a 0.5% clip from January through March. The first-quarter drop was mainly caused by a surge in… Continue reading
Jul 29 Trump’s tariffs could squeeze U.S. factories and raise costs by up to 4.5%, a new analysis finds By Josh Boak, Paul Wiseman, Associated Press 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. Continue reading
Jul 28 Watch 9:07 EU ambassador breaks down implications of U.S. trade deal: ‘We know where we are going’ By Amna Nawaz, Murrey Jacobson, Dan Sagalyn The announcement of the U.S.-European trade deal marks an important moment in President Trump’s larger battles over tariffs and trade. But it’s generating mixed reactions in Europe and in the U.S. Amna Nawaz discussed more with Jovita Neliupšienė, the European… Continue watching
Jul 28 Trump is getting the world economy he wants — but the risk to growth could spoil his victory lap By Josh Boak, Paul Wiseman, Associated Press 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… Continue reading
Jul 27 Watch 7:31 How funding cuts to national parks may harm the communities around them By Ali Rogin, Kaisha Young From the towering peaks of Yosemite to the vast canyons of Zion, America’s national parks have long been considered national treasures. But federal funding cuts imposed by the Trump administration are leaving a mark on these iconic landscapes and the… Continue watching