Apr 02 WATCH: Trump announces broad tariffs at 'Liberation Day' White House event By Josh Boak, Associated Press President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34 percent tax on imports from China and 20 percent on the European Union, among others — that threaten to dismantle much of… Continue reading
Apr 02 Tesla sales tumble as Musk backlash, competition and aging lineup turn off buyers By Bernard Condon, Associated Press The 13 percent drop is likely due to a combination of factors, including its aging lineup, competition from rivals and a backlash from Musk’s embrace of right wing politics. Continue reading
Apr 02 Wall Street swings in final hours of trading before Trump's tariff announcement By Stan Choe, Associated Press Financial markets around the world have been particularly shaky lately because of all the uncertainty around what Trump will announce in the event scheduled to begin after the U.S. stock market closes for the day. Continue reading
Mar 31 Trump plans to launch more tariffs on April 2. Here's what it could mean for you By Josh Boak, Associated Press President Donald Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods. Continue reading
Mar 31 WATCH: White House says Trump's signing of 'Liberation Day' tariffs will be first Rose Garden event By Associated Press President Donald Trump will unveil plans to place reciprocal tariffs on nearly all U.S. trading partners on Wednesday. Continue reading
Mar 30 Watch 5:49 How Trump's steep tariffs on imported vehicles may affect car prices and the auto industry By Lisa Desjardins, Harry Zahn Some car buyers have been rushing to showrooms across the country this weekend, as automakers brace for Trump’s 25 percent tariffs on vehicles and auto parts made outside the United States. The tariffs kick in on Thursday and could raise… Continue watching
Mar 28 S&P 500 drops 2 percent amid worries about slower economy, higher inflation By Stan Choe, Associated Press Another wipeout is slamming Wall Street Friday as worries build about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war. Continue reading
Mar 27 U.S. economy grew 2.4 percent in 4th quarter of 2024 after upgrade in growth estimate By Paul Wiseman, Associated Press It’s unclear whether the United States can sustain that growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally. Continue reading
Mar 27 Europe criticizes Trump auto tariffs, warning of economic threat to both continents By David McHugh, Lorne Cook, Aamer Madhani, Danica Kirka, Associated Press The auto tariffs will be felt sharply in Europe, for whom the U.S. is the biggest export market for an industry that supports nearly 14 million jobs. Continue reading
Mar 25 U.S. consumer confidence tumbles for the 4th straight month amid tariff and inflation concerns By Matt Ott, Associated Press The Conference Board's report Tuesday said that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2 - the lowest reading in 12 years. Continue reading