Apr 11 Watch 2:58 China raises tariffs on U.S. imports in latest escalation of trade war By Lisa Desjardins, Courtney Norris, Solveig Rennan The U.S. trade war with China continues to escalate with no apparent end in sight. On Friday, Beijing announced it would raise rates on American goods in retaliation to President Trump’s sharp increase in tariffs on the world’s second-largest economy. Continue watching
Apr 11 Watch 7:02 How Trump's tariffs and trade war are impacting U.S. and global economies By Amna Nawaz, Diane Lincoln Estes, Azhar Merchant For a closer look at how President Trump's tariffs are already impacting the U.S. and global economies, Amna Nawaz spoke with Mary Lovely, a senior fellow who studies tariffs at the nonpartisan Peterson Institute for International Economics. Continue watching
Apr 11 Trump administration permitted by judge to require registration of everyone in the U.S. illegally By Rebecca Santana, Associated Press A federal judge on Thursday allowed the Trump administration to move forward with a requirement that everyone in the U.S. illegally must register with the federal government and carry documentation, in a move that could have far-reaching repercussions for immigrants across the country. The… 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 Senate confirms Trump nominee for Joint Chiefs of Staff chair in overnight vote By Mary Clare Jalonick, Associated Press Retired Air Force Lt. Gen. Dan "Razin" Caine was nominated in February after Trump fired Gen. CQ Brown Jr. as part of his Republican administration's campaign to rid the military of leaders who support diversity and equity in the ranks. Continue reading
Apr 11 WATCH: White House holds news briefing as China again retaliates against Trump tariffs By Hannah Grabenstein Trump “would be gracious if China intends to make a deal with the United States,” White House press secretary Karoline Leavitt said Friday. “If China continues to retaliate, it's not good for China.”… Continue reading
Apr 11 After intense negotiations, GOP leaders passed a budget plan. Now the hard part begins By Kevin Freking, Associated Press They'll seek to craft a final bill with enough spending cuts to satisfy those on the right while not jeopardizing the reelection prospects of more vulnerable lawmakers whose constituents rely on key safety net programs such as Medicaid and nutritional… Continue reading
Apr 11 Trump will undergo his annual checkup. He has a history of keeping his medical details secret By Will Weissert, Associated Press His annual physical on Friday could potentially give the public its first details in years about the health of a man who in January became the oldest in U.S. history to be sworn in as president. But if history is… 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
Apr 11 Stocks jump, bonds swing while falling U.S. dollar indicates more fear amid trade war By Stan Choe, Associated Press Friday’s swings came after a set of stronger-than-expected profit reports from some of the biggest U.S. banks, which traditionally help kick off each earnings reporting season. Continue reading