Apr 03 Senators introduce bipartisan bill to expand congressional authority over tariffs By Associated Press Legislation pushed by Iowa Republican Sen. Chuck Grassley and Washington Democratic Sen. Maria Cantwell would require presidents to justify new tariffs and secure congressional approval within 60 days, otherwise they would expire. Continue reading
Apr 03 How the White House calculated Trump's sweeping new tariffs By Will Weissert, Associated Press President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what others assess as trade penalties on American goods. What he’s actually imposing is based on far more complicated math. Continue reading
Apr 03 A timeline of Trump's tariff actions so far By Wyatte Grantham-Philips, Associated Press Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty. Continue reading
Apr 03 How soon will prices rise? 4 questions about Trump's reciprocal tariffs, answered By Christopher Rugaber, Paul Wiseman, Associated Press Economists don’t share President Donald Trump’s enthusiasm for tariffs since they’re a tax on importers that usually get passed on to consumers. It’s possible, however, that the reciprocal tariffs could bring other countries to the table and get them to… Continue reading
Apr 03 5 places Trump has targeted for tariffs even though they have few or no exports By Rod McGuirk, Jamey Keaten, Associated Press The Trump administration’s sweeping tariffs have touched rocky outcrops home to polar bears in the Arctic, tiny tropical islands and a former British penal colony whose leader is befuddled that it was targeted. Continue reading
Apr 03 Calls for global trade talks from countries around the globe as Trump tariffs cause worry By Elaine Kurtenbach, David McHugh, Associated Press The measured responses from key trading partners highlighted a lack of appetite for an outright trade war. Continue reading
Apr 03 Dow tumbles more than 1,600 the day after Trump's major tariff announcement By Stan Choe, Associated Press Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across continents, including his own. Continue reading
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