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Economy

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Apr 22

Watch 7:51
Economic forecasts show Trump’s tariffs having major global impact

By Geoff Bennett, Azhar Merchant

President Trump’s trade wars are likely to slow down economic growth across the globe significantly this year, according to projections from the International Monetary Fund. And Treasury Secretary Bessent reportedly told investors that he believes the trade war with China…

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Apr 22

Stocks rally, recover all of Monday’s slide as the dollar and U.S. bond market steady

By Stan Choe, Associated Press

The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while Treasury yields held steadier in the bond market.

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Apr 07

Trump threatens more tariffs on China after Beijing said it would retaliate

By Chris Megerian, Josh Boak, Associated Press

President Donald Trump says he's considering additional tariffs on China.

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Apr 07

Nations debate response to U.S. trade war as global markets roiled

By Elaine Kurtenbach, Lorne Cook, David McHugh, Associated Press

China struck a note of confidence even as markets in Hong Kong and Shanghai tumbled.

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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.

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Apr 02

Trump set to announce barrage of ‘reciprocal’ tariffs on what Trump has called ‘Liberation Day’

By Josh Boak, Associated Press

The new tariffs, coming on what Trump has called “Liberation Day,” are a bid to boost U.S. manufacturing and punish other countries for what he has said are years of unfair trade practices.

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Apr 01

Watch 4:13
Businesses brace for Trump’s new tariffs while Senate Democrats try to push back

By Geoff Bennett, Shrai Popat, Kyle Midura

The American public and U.S. trading partners are waiting for President Trump’s new set of tariffs, a plan he says is finalized and will be revealed on Wednesday. Trump's first two months back in office have seen him implement tariffs…

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Mar 31

Half of Americans approve of Trump on immigration but support is weaker on trade, AP-NORC poll says

By Amelia Thomson-Deveaux, Linley Sanders, Associated Press

The survey finds about half of U.S. adults approve of the Republican president's approach to immigration but only about 4 in 10 have a positive view of the way he’s handling the economy and trade negotiations.

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Mar 25

U.S. consumer confidence tumbles for the 4th straight month amid tariff and inflation concerns

By Matt Ott, Associated Press

The Conference Board's report Tuesday said that the measure of Americans' short-term expectations for income, business and the job market fell 9.6 points to 65.2 - the lowest reading in 12 years.

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Mar 20

Watch 7:02
A look at the real reasons behind soaring egg prices

By Paul Solman, Diane Lincoln Estes

Egg prices have soared to new records over the last couple of months. The wholesale price for a dozen white eggs climbed to over $8 in February. Since then, that price has dropped but the prices consumers pay at the…

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