Aug 06 Trump says he plans to put 100% tariff on computer chips, likely increasing electronics costs By Josh Boak, Associated Press President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. Continue reading
Aug 06 WATCH: Trump announces Apple investment of additional $100B in U.S. manufacturing By Josh Boak, Associated Press Apple had previously said it intended to invest $500 billion domestically, a figure it will now increase to $600 billion. Trump in recent months has criticized the tech company for efforts to shift iPhone production to India to avoid the tariffs his Republican administration… Continue reading
Aug 06 Trump to put additional 25% import taxes on India, bringing combined tariffs to 50% By Josh Boak, Rajesh Roy, Fatima Hussein, Associated Press The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes. Continue reading
Aug 05 Watch 6:25 Can Trump deliver on his energy export promises? Expert weighs in By Stephanie Sy, Azhar Merchant With new tariffs set to take effect on Friday, President Trump continued to battle and negotiate with several countries. He has said the new purchase of U.S. energy is a key to some of the biggest deals struck so far. Continue watching
Aug 05 What we know about Trump’s Fed chair candidates so far By Fatima Hussein, Associated Press President Donald Trump said Tuesday that he's whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy. Continue reading
Aug 04 Watch 8:41 Firing of labor statistics head undermines trust in key data, ex-Trump official warns By Geoff Bennett, Jackson Hudgins President Trump is expected to nominate a new head of the Bureau of Labor Statistics this week, days after firing Commissioner Erika McEntarfer following the release of a disappointing jobs report. The president dismissed the data as “rigged” and “manipulated… Continue watching
Aug 04 Watch 8:58 Amy Walter and Jasmine Wright on Trump’s BLS firing and trust in institutions By Geoff Bennett, Kyle Midura Amy Walter of the Cook Political Report with Amy Walter and Jasmine Wright of NOTUS join Geoff Bennett to discuss the latest political news, including President Trump fires the commissioner of the Bureau of Labor Statistics after a weak jobs… Continue watching
Aug 04 U.S. tariffs put 30,000 South African jobs at risk, officials say By Michelle Gumede, Associated Press South African authorities have warned that U.S. reciprocal tariffs could put an estimated 30,000 jobs at risk. The U.S. plans to impose a 30% tariff on South African goods, creating uncertainty for export industries. Continue reading
Aug 04 Musk is getting millions of Tesla shares worth about $29 billion after judge ordered his pay package revoked By Michelle Chapman, Associated Press Tesla is awarding CEO Elon Musk 96 million shares of restricted stock. In December Delaware Chancellor Kathaleen St. Jude McCormick reaffirmed her earlier ruling that Tesla must revoke Musk’s multibillion-dollar pay package. Continue reading
Aug 04 Thousands of Boeing workers who build fighter jets just went on strike By Cathy Bussewitz, Associated Press Saying “enough is enough," workers at three Boeing manufacturing plants went on strike overnight. Continue reading