Apr 03 How soon will prices rise? 4 questions about Trump's reciprocal tariffs, answered By Christopher Rugaber, Paul Wiseman, Associated Press Economists don’t share President Donald Trump’s enthusiasm for tariffs since they’re a tax on importers that usually get passed on to consumers. It’s possible, however, that the reciprocal tariffs could bring other countries to the table and get them to… Continue reading
Apr 03 Trump's tariff gamble is a race against potential voter backlash By Christopher Rugaber, Associated Press The White House is gambling that other countries will also suffer enough pain that they will open up their economies to more American exports, leading to negotiations that would reduce the tariffs imposed Wednesday. Continue reading
Apr 03 5 places Trump has targeted for tariffs even though they have few or no exports By Rod McGuirk, Jamey Keaten, Associated Press The Trump administration’s sweeping tariffs have touched rocky outcrops home to polar bears in the Arctic, tiny tropical islands and a former British penal colony whose leader is befuddled that it was targeted. Continue reading
Apr 03 Calls for global trade talks from countries around the globe as Trump tariffs cause worry By Elaine Kurtenbach, David McHugh, Associated Press The measured responses from key trading partners highlighted a lack of appetite for an outright trade war. Continue reading
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