Mar 19 WATCH: Fed keeps interest rate unchanged, sees slower growth, higher inflation ahead By Christopher Rugaber, Associated Press The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a set of quarterly economic projections also released Wednesday. Continue reading
Mar 17 Tariffs on lumber, appliances set stage for higher costs on new homes and remodeling projects By Alex Veiga, Mae Anderson, Associated Press The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential… Continue reading
Mar 13 Trump threatens 200% tariff on European wine and Champagne after EU proposes American whiskey tax By Aamer Madhani, Josh Boak, Associated Press American retailers say President Donald Trump's threatened 200% tariff on European wine would harm consumers. Continue reading
Mar 12 Watch 4:36 Canada and EU announce retaliatory tariffs, escalating Trump’s trade war By Stephanie Sy, Jonah Anderson, Azhar Merchant The trade war between the U.S. and dozens of countries escalated yet again Wednesday. Canada and the European Union announced their own tariffs designed to inflict economic pain and pressure on America. But President Trump said he would not be… Continue watching
Mar 12 Watch 7:04 ‘None of us will benefit’ from tariffs but ‘we had to react,’ EU ambassador says By Amna Nawaz, Dan Sagalyn The European Union and Canada announced retaliatory tariffs on the U.S., escalating President Trump's Trade war. The EU said it will raise tariffs on American beef, poultry, bourbon, peanut butter and jeans. Amna Nawaz discussed the developments with Jovita Neliupšienė,… Continue watching
Mar 12 Trump’s steel and aluminum tariffs meet swift retaliation from Canada and the EU By Lorne Cook, David McHugh, Rob Gillies, Associated Press Major trade partners swiftly hit back at President Donald Trump’s increased tariffs on aluminum and steel imports, imposing stiff new taxes on U.S products from textiles and water heaters to beef and bourbon. Continue reading
Mar 12 How steel and aluminum are a fundamental part of American life By Dee-Ann Durbin, Anne D'Innocenzio, Associated Press Steel and aluminum are ubiquitous in Americans’ lives. A stainless steel refrigerator holds aluminum soda cans. Continue reading
Mar 12 Trump’s 25 percent tariffs on all steel and aluminum imports go into effect, raising fears of economic slowdown By Josh Boak, Paul Wiseman, Rob Gillies, Associated Press Trump has promised the taxes will help create U.S. factory jobs when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. Continue reading
Mar 12 U.S. inflation slows for first time in six months, trade war threatens to hike prices By Christopher Rugaber, Associated Press The consumer price index increased 2.8% in February from a year ago, Wednesday's report from the Labor Department showed, down from 3% the previous month. Continue reading
Mar 11 What is a recession? Here’s why anxiety is rising about falling into one By Christopher Rugaber, Associated Press For now, the economy appears to be stable. Still, fears of a downturn are rising as investors, economists and business executives are realizing that President Donald Trump's import taxes are much more at the forefront of his economic policy this… Continue reading