Aug 04 Vast majority of U.S. adults are stressed about grocery costs, AP-NORC poll finds By Cora Lewis, Linley Sanders, Associated Press Only 14% say it's not a source of stress, underscoring the pervasive anxiety most Americans continue to feel about the cost of everyday essentials. Continue reading
Aug 02 Analysis: The trade-offs in Trump’s trade policy By Michael Froman, Council on Foreign Relations President Donald Trump’s tariff policies create conundrums that challenge his other stated goals of winning the AI race, reindustrializing the United States, and reducing trade deficits. Continue reading
Aug 02 Watch 5:26 Economist analyzes fallout of Trump’s sweeping new tariffs and firing of BLS commissioner By Ali Rogin, Zoie Lambert The White House’s announcement Friday that it will impose hefty tariffs on imports from nearly 70 countries next week triggered the worst day on Wall Street in more than a month. Those economic jitters were compounded by a weaker than… Continue watching
Aug 01 Watch 8:32 Tariffs will help improve ‘broken global economic situation,’ economist Oren Cass says By Geoff Bennett, Jackson Hudgins President Trump announced another list of new tariffs on more than 60 countries, an unprecedented economic move that seeks to remake the global trade system. The tariffs, which range in rates from 10 to 41 percent, will take effect next… Continue watching
Aug 01 What consumers can expect from import taxes as the U.S. sets new tariff rates By Dee-Ann Durbin, Anne D'Innocenzio, Associated Press Tariffs are a tax, and U.S. consumers are likely to foot at least part of that bill. Continue reading
Aug 01 Wall Street takes worst tumble since May after employers slash hiring and new tariffs roll out By Damian J. Troise, Alex Veiga, Associated Press The U.S. stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from a number of U.S. trading partners. Continue reading
Aug 01 Trump’s new tariffs lenient on some countries, while shares sink and U.S. dollar weakens By Elaine Kurtenbach, Associated Press The new rates are due to take effect on Aug. 7, but uncertainty over what Trump might do next remains. Continue reading
Jul 31 Trump signs order imposing new tariffs on many trading partners that go into effect in 7 days By Josh Boak, Associated Press President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 — the next step in his trade agenda that will test the… Continue reading
Jul 31 Watch 6:32 Economist analyzes Trump’s trade deals as tariff deadline approaches By Amna Nawaz, Murrey Jacobson, Azhar Merchant With hours to go before President Trump’s deadline, dozens of countries are facing the possibility of significant tariffs that could go into effect. But there’s uncertainty around the deadline as Trump announced a 90-day extension for Mexico. Amna Nawaz discussed… Continue watching
Jul 31 European Union expects 15% U.S. tariffs on Friday, but key document still not complete By Lorne Cook, Associated Press The European Commission says it presumes the United States will impose a 15% tariff on most EU exports from Friday. Continue reading