Apr 10 Trump claims countries are 'cheating' the U.S. on trade. What does that mean? By Louis Jacobson, PolitiFact While cheating on trade does happen — genuine accusations of it can be adjudicated at the World Trade Organization — the White House’s formula for calculating the tariff rates leaned on how much of a trade imbalance a country has… Continue reading
Apr 10 China reaches out to other nations as Trump layers on tariffs By Christopher Bodeen, Associated Press China is reaching out to other nations as the U.S. layers on tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat. Continue reading
Apr 10 Fact-checking Trump's previous claim he wasn't looking at pausing tariffs By Amy Sherman, PolitiFact For two days, Trump and the White House denied that he was considering changing his tariff plan, before doing just that on April 9. Continue reading
Apr 10 Wall Street drops roughly 3 percent, as markets continue to worry about possible trade war By Stan Choe, Associated Press The Dow Jones Industrial Average dropped 981 points, and the Nasdaq composite sank 3.7%. Even a better-than-expected report on inflation wasn't enough to get U.S. stocks to climb further. Continue reading
Apr 10 Trump told investors to 'buy' on social media hours before his tariff pause rose stocks, raising questions about manipulation By Bernard Condon, Associated Press Less than four hours after his post, Trump announced a 90-day pause on nearly all his tariffs. Continue reading
Apr 09 Watch 13:07 Trump pauses many of his tariffs but raises rate on China By Lisa Desjardins, Ryan Connelly Holmes, Amna Nawaz President Trump stunned many by pausing higher tariff rates on most other countries for 90 days. But the president raised tariffs on Chinese imports to 125 percent after Beijing retaliated overnight. This led to a historic day of rallies in… Continue watching
Apr 09 Watch 4:02 What tariffs and trade war threats mean for the U.S. footwear industry By Amna Nawaz, Diane Lincoln Estes In the United States, the vast majority of shoes sold are imported. That means tariffs are a real issue for the footwear industry. Amna Nawaz discussed more with Matt Priest, president and CEO of the Footwear Distributors and Retailers of… Continue watching
Apr 09 Watch 4:45 How the global trade wars could affect personal finances of Americans By Amna Nawaz, Karina Cuevas Amid a roller coaster week for the stock market, we're taking a look at how the global trade wars could affect personal finances in the U.S. Amna Nawaz spoke with Michelle Singletary, personal finance columnist for The Washington Post. Continue watching
Apr 09 WATCH: Trump says he had been thinking of making tariff pause for 'last few days' By Associated Press President Donald Trump gave a muddled answer when he was asked by a reporter Wednesday about when he arrived at the decision to pause the tariffs on most countries for 90 days. Continue reading
Apr 09 U.S. stocks shoot to historic gains after Trump pauses most of his tariffs By Stan Choe, Associated Press The S&P 500 surged 9.5%, an amount that would count as a good year for the market. It had been sinking earlier in the day on worries that Trump’s trade war could drag the global economy into a recession. But… Continue reading