Jun 27 Trump says trade talks with Canada are suspended over its tax on technology firms By Michelle L. Price, Associated Press President Donald Trump, in a post on his social media network, said Canada had just informed the U.S. that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage… Continue reading
Jun 26 U.S. economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed By Paul Wiseman, Associated Press The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department said. Continue reading
Jun 19 Watch 6:29 As some lawmakers cash in on Trump’s tariffs, others try to ban betting on Wall Street By Lisa Desjardins, Kyle Midura A recent Wall Street Journal analysis reveals a surge in stock trading by lawmakers and their families in early April, as President Trump’s shifting stance on tariffs sent markets into turmoil. But while some members cashed in, others are looking… Continue watching
Jun 19 Watch 8:45 Alabama business faces hurdles creating American-made product By Paul Solman, Mike Fritz The sweeping tariffs imposed by President Trump are already impacting the global economy. But if tariffs are meant to bring jobs home, what happens if the U.S. may no longer have all the tools to do the work? Paul Solman… Continue watching
Jun 17 Toy maker challenges Trump’s tariffs before the Supreme Court for quick decision in long shot bid By Lindsay Whitehurst, Associated Press The company argues the president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress. Continue reading
Jun 17 Fed officials left in ‘uncomfortable purgatory’ as tariffs complicate this week’s rate decision By Christopher Rugaber, Associated Press With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%. Continue reading
Jun 16 Watch 6:12 News Wrap: U.S. and U.K. reach trade deal that cuts tariffs In our news wrap Monday, President Trump and British Prime Minister Keir Starmer say they've finalized a trade deal that would cut tariffs on goods from both countries, witnesses say Israeli soldiers killed at least 34 Palestinians trying to get… Continue watching
Jun 15 G7 leaders gather in Canada for summit overshadowed by trade wars and Israel-Iran crisis By Rob Gillies, Jill Lawless, Associated Press Leaders of some of the world’s biggest economic powers are arriving in the Canadian Rockies on Sunday for a Group of Seven summit, overshadowed by an escalating conflict between Israel and Iran and U.S. President Donald Trump’s unresolved trade war with allies and… Continue reading
Jun 12 How critical minerals give China an edge in trade negotiations with U.S. By Simina Mistreanu, Associated Press U.S. President Donald Trump wants China to lift restrictions on exporting rare earths and other critical minerals that Beijing imposed as part of a yearslong trade war. Continue reading
Jun 11 Trump says U.S. will get rare earth minerals from China and tariffs on Chinese goods will total 55% under new trade framework By Darlene Superville, Josh Boak, Didi Tang, Paul Wiseman, Associated Press Trump didn’t fully spell out what concessions the U.S. made. Beijing has not confirmed what the negotiators agreed to, and Chinese President Xi Jinping and Trump himself have yet to sign off on it. Continue reading