May 18 Analysis: Trump’s truce with China on tariffs comes at a cost to U.S. credibility By Zongyuan Zoe Liu, Council on Foreign Relations U.S.-China trade talks in Geneva resulted in a temporary slash of tariff rates, but the ripple effect of this tit-for-tat escalation won’t disappear anytime soon. Continue reading
May 18 Watch 5:54 Consumer confidence hits near-record low amid worries over Trump trade policy By Ali Rogin, Veronica Vela Treasury Secretary Bessent seemed to acknowledge Sunday that President Trump’s tariffs may lead to some prices going up, but downplayed fears that it would fuel inflation. This past week, a closely watched measure of consumer sentiment slid to a near-record… Continue watching
May 17 ‘I’ll be watching’: Trump tells Walmart to eat the cost of his tariffs instead of raising prices By Josh Boak, Associated Press As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those taxes and that retailers and automakers would absorb the additional expenses. Most economic analyses are deeply skeptical of those… Continue reading
May 15 Retail sales slow a month after Americans ramped up shopping to get ahead of tariffs By Christopher Rugaber, Anne D'Innocenzio, Associated Press U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs. Continue reading
May 15 Walmart will raise prices due to tariff costs By Anne D'Innocenzio Executives at the $750 billion company told industry analysts Thursday that they're doing everything in their power to absorb the higher costs from tariffs ordered by Trump. Given the magnitude of the duties, however, the highest since the 1930s, higher… Continue reading
May 14 Watch 5:53 Port of LA head describes how Trump’s tariffs are affecting imports By Geoff Bennett, Karina Cuevas Trade tensions between the U.S. and China may be cooling but the economic fallout is still rippling through the Port of Los Angeles. This matters because the port plays a major role in the global supply chain and a slowdown… Continue watching
May 13 ‘Art is a threat to the autocrats and the fascists of the world,’ Cannes honoree De Niro says at festival opening By Jake Coyle, Associated Press Robert De Niro, Leonardo DiCaprio and Quentin Tarantino descended on the Cannes Film Festival as the French Riviera extravaganza got its 78th edition underway Tuesday. Expectations are running high for a potentially banner year. Continue reading
May 13 S&P 500 erases its loss for 2025 as Wall Street rallies on news of slower inflation By Stan Choe, Associated Press Stocks have been roaring back since the S&P 500 fell nearly 20 percent below its record last month on hopes that President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send… Continue reading
May 13 Inflation cooled again in April as grocery and gas prices fell, but full tariff impacts likely not yet felt By Christopher Rugaber, Associated Press Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries. Continue reading
May 12 Watch 4:55 U.S. and China roll back steep tariffs as they try to reach a larger deal By Lisa Desjardins, Winston Wilde There's been a big breakthrough in the battle over tariffs. The United States and China have paused many of their most punishing tariffs, for the time being, while they try to reach a larger deal. It's a major thaw in… Continue watching