Aug 29 Watch 5:50 What consumers can expect as de minimis exemption ends By Amna Nawaz, Ryan Connelly Holmes Americans are no longer able to import cheap foreign goods tariff-free. The Trump administration ended the de minimis exemption, which allowed packages valued under $800 to enter the U.S. with no import tax. Last year, there were nearly four million… Continue watching
Aug 22 Watch 7:00 Powell hints at long-awaited rate cut but admits Fed in ‘challenging situation’ By Amna Nawaz, Jackson Hudgins In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed… Continue watching
Aug 12 Watch 6:07 Tariff-driven inflation accelerating with ‘worst yet to come,’ AEI’s Michael Strain says By Amna Nawaz, Jackson Hudgins New inflation figures showed signs that President Trump’s tariffs are starting to have an impact on consumer prices. Overall inflation held steady, but core inflation, which is closely watched by the Fed and does not include volatile food and energy… Continue watching
Aug 07 Trump’s broad tariffs go into effect just as U.S. economic pain is surfacing By Josh Boak, Associated Press The higher import taxes are part of his strategy to reduce the U.S. trade deficit and encourage foreign investment in America. Continue reading
Aug 01 Watch 8:32 Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says By Geoff Bennett, Jackson Hudgins President Trump announced another list of new tariffs on more than 60 countries, an unprecedented economic move that seeks to remake the global trade system. The tariffs, which range in rates from 10 to 41 percent, will take effect next… Continue watching
Jul 31 Watch 6:32 Economist analyzes Trump’s trade deals as tariff deadline approaches By Amna Nawaz, Murrey Jacobson, Azhar Merchant With hours to go before President Trump’s deadline, dozens of countries are facing the possibility of significant tariffs that could go into effect. But there’s uncertainty around the deadline as Trump announced a 90-day extension for Mexico. Amna Nawaz discussed… Continue watching
Jul 30 Watch 7:32 Economy grows more than expected despite trade war concerns By Geoff Bennett, Jackson Hudgins The Federal Reserve announced it would keep interest rates steady, despite dissents from two members of its rate-setting committee who were appointed by President Trump. Trump has been pressuring Jerome Powell to cut rates, but the Fed chair has expressed… Continue watching
Jul 30 U.S. economy expanding 3% in second quarter, bounding back but growth masks economic uncertainty from Trump’s tariffs By Paul Wiseman, Associated Press The Commerce Department reported Wednesday that America gross domestic product — the nation's output of goods and services — rebounded after falling at a 0.5% clip from January through March. The first-quarter drop was mainly caused by a surge in… Continue reading
Jul 17 Only one in four U.S. adults say Trump policies have helped them, AP-NORC poll finds By Steve Peoples, Linley Sanders, Associated Press Overall, Trump fails to earn majority approval on any of the issues included in the poll. Continue reading
Jul 11 Watch 6:20 How the toy industry is feeling the effects of Trump’s tariffs By William Brangham, Diane Lincoln Estes President Trump is dialing up the pressure on several countries in pursuit of trade deals. Trump dismissed a warning from Hasbro’s CEO that toy prices will rise if the U.S. continues to hike tariffs. William Brangham discussed the tariffs and… Continue watching