Jun 09 With trade talks due to start, China says exports to U.S. fell 35% in May By Elaine Kurtenbach, Associated Press China has reported its exports to the United States fell 35% in May from a year earlier, straining the economy, as trade talks with Washington were due to start in London. Continue reading
Jun 05 More Americans applied for jobless benefits last week, rising to highest level in eight months By Matt Ott, Associated Press New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor Department said Thursday. That's the most since early October. Continue reading
Jun 05 WATCH: In Merz meeting, Trump says it might be better to let Ukraine and Russia 'fight for a while' By Seung Min Kim, Kirsten Grieshaber, Geir Moulson, Associated Press In an Oval Office meeting with German Chancellor Friedrich Merz, Trump likened the war in Ukraine — which Russia invaded in early 2022 — to a fight between two young children who hated each other. Continue reading
Jun 05 China and U.S. will hold more tariff talks, Trump says after Xi call By Will Weissert, Chris Megerian, Associated Press President Donald Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade. Continue reading
Jun 04 Watch 6:34 What's ahead for U.S. economy as global market reacts to Trump's tariffs By Geoff Bennett, Jackson Hudgins The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies would reduce the deficit by $2.8 trillion over the next decade, but raise inflation and shrink the size of the economy. It… Continue watching
Jun 04 U.S. and European trade negotiators make progress but no breakthrough yet By Catherine Gaschka and Sam McNeil, Paul Wiseman, Associated Press The European Union’s top trade negotiator, Maroš Šefčovič, met Wednesday with his American counterpart, U.S. Trade Representative Jamieson Greer, on the sidelines of a meeting of the Organization for Economic Cooperation and Development. Continue reading
Jun 04 Trump's 50% tariffs on steel and aluminum go into effect. Here's what to know By Wyatte Grantham-Philips, Associated Press Economists warn that such heightened levies could significantly squeeze the wallets of both companies and shoppers alike. But President Donald Trump argues that his latest import taxes are necessary to protect U.S. industries. Continue reading
Jun 02 Can Trump fix the national debt? Republican senators, many investors and even Elon Musk are skeptical By Josh Boak, Associated Press The White House has viciously lashed out at anyone who has voiced concern about the debt snowballing under Trump, even though it did exactly that in his first term after his 2017 tax cuts. Continue reading
May 30 WATCH: Trump says he's doubling steel import tariffs to 50% at U.S. Steel plant By Michelle L. Price, Marc Levy, Darlene Superville, Associated Press In a post later on his Truth Social platform, President Donald Trump added that aluminum tariffs would also be doubled to 50%. He said both tariff hikes would go into effect Wednesday. Continue reading
May 29 Watch 4:17 What's next for Trump's tariffs amid legal back and forth By Stephanie Sy, Jonah Anderson President Trump's sweeping tariffs remain in place after a day of legal whiplash. Two federal courts, including a special court of international trade, ruled against many of the tariffs, saying that the president did not have the specific authority he… Continue watching