Aug 01 Trump fires Bureau of Labor Statistics commissioner after dismal employment report By Christopher S. Rugaber, Associated Press President Donald Trump on Friday removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Continue reading
Aug 01 What consumers can expect from import taxes as the U.S. sets new tariff rates By Dee-Ann Durbin, Anne D'Innocenzio, Associated Press Tariffs are a tax, and U.S. consumers are likely to foot at least part of that bill. Continue reading
Aug 01 U.S. employers added just 73,000 jobs last month as labor market weakens in face of Trump trade wars By Paul Wiseman, Christopher Rugaber, Associated Press The unemployment rate ticked up to 4.2% as Americans dropped out of the labor force. Continue reading
Aug 01 Wall Street takes worst tumble since May after employers slash hiring and new tariffs roll out By Damian J. Troise, Alex Veiga, Associated Press The U.S. stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from a number of U.S. trading partners. Continue reading
Aug 01 Trump demands that Federal Reserve board wrest full control of central bank from Fed Chair Powell By Josh Boak, Associated Press Federal Reserve Chair Jerome Powell has held the Fed's benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact President Donald Trump's massive tariffs had on inflation. Continue reading
Aug 01 Trump’s new tariffs lenient on some countries, while shares sink and U.S. dollar weakens By Elaine Kurtenbach, Associated Press The new rates are due to take effect on Aug. 7, but uncertainty over what Trump might do next remains. Continue reading
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