Apr 30 Shipments from China fall as Trump's tariffs loom over economy By Anne D'Innocenzio and Paul Wiseman, Christopher Rugaber, Associated Press The president’s massive and unpredictable taxes on imports seems likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks. Continue reading
Apr 30 WATCH: Trump delivers remarks on investments in America as economy slightly shrinks By Associated Press President Donald Trump delivered remarks on “Investing in America” Wednesday following the release of a worrisome economic report from the Department of Commerce saying the U.S. economy shrank at an annual rate of 0.3 percent during the first three months… Continue reading
Apr 30 As Trump trade wars disrupt businesses, U.S. economy shrinks 0.3 percent in first quarter By Paul Wiseman, Christopher Rugaber, Associated Press The January-March expansion was the slowest in almost three years and was down from 2.4 percent in the last three months of 2024. Continue reading
Apr 29 Watch 5:59 Why Trump softened some of his tariffs on the automotive industry By Amna Nawaz, Geoff Bennett, Karina Cuevas, Lena I. Jackson President Trump signed an executive order aimed at softening the blow his tariffs have imposed on the automotive industry and U.S. manufacturers. But tensions with China remain high and China’s Ministry of Foreign Affairs issued a video saying it would… Continue watching
Apr 29 WATCH: White House calls reports that Amazon might display tariff prices a 'hostile and political' act By Dan Cooney Amazon later clarified that listing tariff costs “was never a consideration for the main Amazon site and nothing has been implemented.”… Continue reading
Apr 29 As trade war stokes anxiety, consumer confidence plummets to COVID-era lows By Christopher Rugaber, Associated Press Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of COIVD-19 as worries about the impact of tariffs take a heavy toll on consumer expectations for future growth. Continue reading
Apr 29 Senate confirms David Perdue as U.S. ambassador to China amid Trump's tariff showdown By Didi Tang, Mary Clare Jalonick, Associated Press The Senate has confirmed former Sen. David Perdue as ambassador to China, just as the U.S. and China are locked in a tariff showdown. Continue reading
Apr 29 Amazon says it's not planning to show tariff costs next to product listings By Wyatte Grantham-Philips, Josh Boak, Associated Press Amazon is not planning to list added tariff costs next to product prices on its site — despite speculation spanning from a report that claimed the e-commerce giant would soon show new import charges. Continue reading
Apr 29 WATCH: Trump marks first 100 days in office with focus on grudges and grievances By Will Weissert, Joey Cappelletti, Seung Min Kim, Associated Press Trump's rally just outside Detroit, which marked his largest political event since returning to the White House, glossed over two forces that had rocked the state: Trump's steep trade tariffs and combative attitude toward Canada. Continue reading
Apr 29 WATCH: Bessent defends Trump's 'strategic uncertainty,' says certainty 'not necessarily a good thing in negotiating' By Associated Press Treasury Secretary Scott Bessent said Tuesday that the economic uncertainty upending global financial markets is a tool President Donald Trump can use as he negotiates tariffs and trade deals… Continue reading