Powell's remarks helped drive up stock prices, with the Dow Jones Industrial Average ending the day up more than 500 points, or 2 percent.
President Trump has long praised the use of tariffs, but his new threat to Mexico took many people by surprise. Trump said he will levy a 5 percent tariff on Mexican imports as of June 10 unless the country curbs…
This spring, around 100,000 migrants per month have been caught illegally crossing the U.S.-Mexico border. With a proposed 5 percent tariff on imports from Mexico, one of the largest U.S. trading partners, President Trump wants to leverage economic power to…
By Gretchen Frazee
Trump's threat to impose tariffs on all Mexican goods imported to the U.S. is sparking fears among businesses and could put a key trade deal at risk.
By Margery A. Beck, Associated Press
The Environmental Protection Agency's announcement ends a summertime ban on the E15 blend imposed out of concerns for increased smog.
By Christopher Sherman, Associated Press
Mexico President Andrés Manuel López Obrador appears convinced that Trump just needed to be informed of all that Mexico has been doing to slow illegal migration.
By Michelle Chapman, Anne D'Innocenzio, Associated Press
Shares of General Motors Co., which imports more vehicles into the U.S. than any other U.S. automaker, slid 4% at the opening bell.
By Jill Colvin, Colleen Long, Associated Press
Trump said in a tweet the tariff will gradually increase "until the Illegal Immigration problem is remedied."…
By Paul Solman
General Russel Honore commanded an infantry division in Korea and saw action in Operation Desert Storm, but it was his service as Commander of the Joint Task Force Katrina in 2005 that won him national acclaim. The experience of viewing…
By Martin Crutsinger, Associated Press
The U.S. economy grew at a solid 3.1 percent annual rate in the January-March quarter — a pace that will likely prove to be the high-water mark for the year before growth weakens in the coming months.
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