Aug 19 Las Vegas tourism is slumping. Some blame Trump's tariffs and immigration crackdown By Ty O'Neil, Christopher Weber, Associated Press Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad. Continue reading
Aug 14 U.S. producer prices surge in July as Trump tariffs push costs higher By Paul Wiseman, Associated Press The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier. Continue reading
Aug 12 U.S. inflation remained flat in July, though core prices accelerated By Christopher Rugaber, Associated Press Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Continue reading
Aug 07 Watch 5:44 As Trump's tariffs kick in, economist breaks down inflation and recession warning signs By Geoff Bennett, Jackson Hudgins After months of delay and backroom dealmaking, the Trump administration has imposed sweeping tariffs on nearly 100 countries, sending U.S. import duties soaring to their highest levels in nearly a century. To help break down the impact of the new… 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 07 U.S. applications for jobless benefits up modestly but remain at a healthy level By Matt Ott, Associated Press The Labor Department reported Thursday that jobless claims for the week ending Aug. 2 rose by 7,000 to 226,000, slightly more than the 219,000 new applications analysts forecast. Continue reading
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