Jul 31 Trump signs order imposing new tariffs on many trading partners that go into effect in 7 days By Josh Boak, Associated Press President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 — the next step in his trade agenda that will test the… Continue reading
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 31 European Union expects 15% U.S. tariffs on Friday, but key document still not complete By Lorne Cook, Associated Press The European Commission says it presumes the United States will impose a 15% tariff on most EU exports from Friday. Continue reading
Jul 31 Appeals court questions Trump's authority to impose tariffs without Congress By Paul Wiseman, Associated Press Appellate court judges are expressing skepticism over President Donald Trump’s legal rationale for his broadest batch of tariffs. Continue reading
Jul 31 Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place By Josh Boak, Associated Press Trump posted online Thursday his phone conversation with Claudia Sheinbaum was "very successful in that, more and more," they are "getting to know and understand each other."… Continue reading
Jul 31 Trump seeks to use Canada's recognition of Palestinian state as leverage in trade talks By Michelle L. Price, Associated Press Trump's threat posted early Thursday on his social media network is the latest way he's sought to use his trade war to coerce countries on unrelated issues and a swing from the ambivalence he has expressed about other countries making… Continue reading
Jul 30 WATCH: Powell speaks after Fed keeps interest rates unchanged even as Trump demands cut By Chris Rugaber, Associated Press The Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. Continue reading
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 30 Trump announces 25% tariff on 'our friend' India for buying Russian oil, warns of other penalties By Josh Boak, Associated Press Trump said on Truth Social on Wednesday that India "is our friend" but its "Tariffs are far too high" on U.S. goods. The Republican president added India buys military equipment and oil from Russia, which Trump says has enabled Moscow's… Continue reading
Jul 29 Trump's tariffs could squeeze U.S. factories and raise costs by up to 4.5%, a new analysis finds By Josh Boak, Paul Wiseman, Associated Press The analysis by the Washington Center for Equitable Growth warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin. Continue reading