Apr 14 Watch 6:02 How Meta’s blockbuster antitrust trial could have major implications for big tech By Stephanie Sy, Jackson Hudgins A blockbuster antitrust trial between Meta and the Federal Trade Commission is underway. The government alleges the company monopolized the social media market when it purchased Instagram and WhatsApp. The trial could have major implications for big tech. Stephanie Sy… Continue watching
Apr 14 Stocks rally worldwide after Trump eases some electronics tariffs By Stan Choe, Associated Press Apple and other technology companies helped lift Wall Street after Trump said he was exempting smartphones, computers and other electronics from some of his stiff tariffs, which could ultimately more than double prices for U.S. customers of products coming from… Continue reading
Apr 14 Trump considers pausing his auto tariffs to give carmakers more time By Josh Boak, Michael Liedtke, Associated Press When Trump announced the 25 percent auto tariffs on March 27, he described them as “permanent.” His hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies. Continue reading
Apr 14 What we know now that Trump has paused tariffs on electronics By Wyatte Grantham-Philips, Associated Press Commerce Secretary Howard Lutnick later said that this was only a temporary reprieve — telling ABC's "This Week" on Sunday that electronics will be included under future sector-specific tariffs on semiconductor products, set to arrive in "probably a month or… Continue reading
Apr 14 China’s Xi says no winners in tariffs and trade war during Southeast Asia visit By Huizhong Wu, Aniruddha Ghosal, Associated Press Xi reiterating China's commitment to global trade in contrast with U.S. President Donald Trump's latest tariffs moves. Continue reading
Apr 13 Watch 4:30 How China is responding to pressure from Trump as trade war brews By John Yang, Andrew Corkery, Gerard Edic The developing U.S.-China trade war keeps ratcheting up, with reports Sunday that China has suspended exports of rare earth minerals. Meanwhile, Commerce Secretary Lutnick said that the electronics the Trump administration exempted from reciprocal tariffs could be subject to different… Continue watching
Apr 12 Argentina secures IMF loan and ends most capital controls in key milestones for President Milei By Isabel DeBre, Associated Press President Javier Milei on Friday announced that he would lift most of the country’s strict capital and currency controls next week, a high-stakes gamble made possible by a new loan from the International Monetary Fund. Continue reading
Apr 12 Trump administration says some electronics will be excluded from reciprocal tariffs By Mae Anderson, Associated Press U.S. Customs and Border Protection said items like smartphones, laptops, hard drives, flat-panel monitors and some chips would qualify for the exemption. That means they won’t be subject to the current 145 percent tariffs levied on China or the 10 percent baseline tariffs… Continue reading
Apr 11 U.S. wholesale inflation falls offering possible relief, but trade war threatens to raise prices By Paul Wiseman, Associated Press Compared to a year earlier, producer prices rose 2.7%, down from a 3.2% year-over-year gain in February and much lower than the 3.3% economists had forecast. Continue reading
Apr 11 China responds to new Trump tariffs, will raise rate on American goods to 125 percent By Associated Press It was the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown. Continue reading