Apr 23 Trump is ending this tariff loophole for low-cost packages. Here's what that could mean for consumers By Tim McPhillips If you’ve purchased something from Chinese e-commerce giants Shein, Temu or Alibaba, then you may have benefited from a trade loophole called the de minimis exemption. Continue reading
Apr 22 Watch 7:51 Economic forecasts show Trump's tariffs having major global impact By Geoff Bennett, Azhar Merchant President Trump’s trade wars are likely to slow down economic growth across the globe significantly this year, according to projections from the International Monetary Fund. And Treasury Secretary Bessent reportedly told investors that he believes the trade war with China… Continue watching
Apr 22 Trade war with China is not 'sustainable,' Treasury Secretary Bessent says By Josh Boak, Fatima Hussein, Associated Press In a private speech in Washington for JPMorgan Chase, Bessent cautioned that talks between the United States and China had yet to formally start. Continue reading
Apr 22 IMF drops global economic growth forecast amid uncertainty around Trump's tariffs By Christopher Rugaber, Associated Press The forecasts are largely in line with many private-sector economists' expectations, though some do fear a recession is increasingly likely. Continue reading
Apr 17 Watch 7:40 Chicago Fed president on Trump's trade war and threats to fire Powell By Amna Nawaz President Trump took aim at Jerome Powell, calling interest rates cuts and saying the Fed Chair's termination “cannot come fast enough.” It comes as his administration's tariffs continue to cause global fallout. The International Monetary Fund warns it expects slower… Continue watching
Apr 17 What is the bond market, and why does it matter for the economy? By Louis Jacobson, PolitiFact Even more than the stock market, experts say, the bond market may have forced President Donald Trump into pausing his country-by-country tariffs. Here's why. Continue reading
Apr 17 WATCH: Trump meets Italy's Meloni at White House as Europe seeks bridge to U.S. By Josh Boak, Colleen Barry, Associated Press Trump said Thursday he is in “no rush” to reach any trade deals because he views tariffs as making the United States wealthy. But he suggested while meeting with Italian Premier Giorgia Meloni that it would be easy to find… Continue reading
Apr 17 WATCH: Trump criticizes Powell over interest rates, suggests he can remove Fed chair By Aamer Madhani, Josh Boak, Associated Press “If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office while taking questions from reporters during a visit with Italian Prime Minister Giorgia Meloni. “I'm not happy with him.”… Continue reading
Apr 16 S&P 500 sinks as tech stocks fall amid thickening fog of Trump's trade war By Stan Choe, Associated Press U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Donald Trump’s trade war is clouding forecasts for how they and the… Continue reading
Apr 16 WATCH: Powell says Fed can wait on interest rate moves as tariff battle with China continues By Christopher Rugaber, Associated Press The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. Continue reading