Apr 03 Dow tumbles more than 1,600 the day after Trump’s major tariff announcement By Stan Choe, Associated Press Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across continents, including his own. Continue reading
Apr 02 Watch 6:46 How Trump’s sweeping new tariffs could shake up U.S. and global economies By Amna Nawaz President Trump escalated trade wars with a new set of sweeping tariffs for about 60 countries. During a speech in the Rose Garden, the president declared a national economic emergency as the legal justification for the new tariffs. Trump says… Continue watching
Apr 02 WATCH: Senate passes resolution to undo Trump’s Canada tariffs in rare Republican rebuke By Stephen Groves, Associated Press The Senate’s legislation has practically no chance of passing the Republican-controlled House and being signed by Trump, but it showed the limits of Republican support for Trump’s vision of remaking the U.S. economy by restricting free trade. Continue reading
Apr 02 WATCH: Trump announces broad tariffs at ‘Liberation Day’ White House event By Josh Boak, Associated Press President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34 percent tax on imports from China and 20 percent on the European Union, among others — that threaten to dismantle much of… Continue reading
Apr 02 Trump pressures Senate Republicans to oppose Democratic resolution that would nullify Canada tariffs By Stephen Groves, Associated Press Senate Republicans are facing pressure Wednesday from President Donald Trump to oppose a Democratic resolution that would nullify the presidential emergency on fentanyl he is using to implement tariffs on Canada. Continue reading
Apr 02 Wall Street swings in final hours of trading before Trump’s tariff announcement By Stan Choe, Associated Press Financial markets around the world have been particularly shaky lately because of all the uncertainty around what Trump will announce in the event scheduled to begin after the U.S. stock market closes for the day. Continue reading
Apr 02 Trump set to announce barrage of ‘reciprocal’ tariffs on what Trump has called ‘Liberation Day’ By Josh Boak, Associated Press The new tariffs, coming on what Trump has called “Liberation Day,” are a bid to boost U.S. manufacturing and punish other countries for what he has said are years of unfair trade practices. Continue reading
Apr 01 Watch 4:13 Businesses brace for Trump’s new tariffs while Senate Democrats try to push back By Geoff Bennett, Shrai Popat, Kyle Midura The American public and U.S. trading partners are waiting for President Trump’s new set of tariffs, a plan he says is finalized and will be revealed on Wednesday. Trump's first two months back in office have seen him implement tariffs… Continue watching
Apr 01 Watch 10:42 How efforts to send Haiti cheap rice made it hard for the nation to produce its own By Marcia Biggs As the U.S. sees new tariffs, we look at how they can make or break an economy. In Haiti, U.S. policies forced the government to bring down tariffs on foreign goods, allowing American farmers to export crops cheaply. That made… Continue watching
Apr 01 European Union official warns it has a ‘strong plan to retaliate’ against Trump’s tariffs By Associated Press European Commission President Ursula von der Leyen says the EU “holds a lot of cards” when it comes to dealing with the Trump administration’s new tariffs and has a good plan to retaliate if forced to. Continue reading