Apr 11 U.S. wholesale inflation falls offering possible relief, but trade war threatens to raise prices By Paul Wiseman, Associated Press Compared to a year earlier, producer prices rose 2.7%, down from a 3.2% year-over-year gain in February and much lower than the 3.3% economists had forecast. Continue reading
Apr 11 China responds to new Trump tariffs, will raise rate on American goods to 125 percent By Associated Press It was the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown. Continue reading
Apr 10 Wall Street drops roughly 3 percent, as markets continue to worry about possible trade war By Stan Choe, Associated Press The Dow Jones Industrial Average dropped 981 points, and the Nasdaq composite sank 3.7%. Even a better-than-expected report on inflation wasn't enough to get U.S. stocks to climb further. Continue reading
Apr 10 Egg prices increase to record high despite Trump promises and curbing bird flu outbreak By Josh Funk, Associated Press Trump tried to take credit for the wholesale price drop. But experts say the president's bird flu plan that focuses on strengthen egg farmers' defenses against the virus is likely to be more of a long-term help. Continue reading
Apr 10 Trump told investors to ‘buy’ on social media hours before his tariff pause rose stocks, raising questions about manipulation By Bernard Condon, Associated Press Less than four hours after his post, Trump announced a 90-day pause on nearly all his tariffs. Continue reading
Apr 09 WATCH: Trump says he had been thinking of making tariff pause for ‘last few days’ By Associated Press President Donald Trump gave a muddled answer when he was asked by a reporter Wednesday about when he arrived at the decision to pause the tariffs on most countries for 90 days. Continue reading
Apr 09 U.S. stocks shoot to historic gains after Trump pauses most of his tariffs By Stan Choe, Associated Press The S&P 500 surged 9.5%, an amount that would count as a good year for the market. It had been sinking earlier in the day on worries that Trump’s trade war could drag the global economy into a recession. But… Continue reading
Apr 09 WATCH: ‘This is amateur hour.’ Rep. Horsford blasts U.S. trade rep after Trump tariff pause By Molly Finnegan U.S. Trade Representative Jamieson Greer was in the middle of his testimony before the House Ways and Means Committee when President Donald Trump announced that he was pausing his new tariffs on most nations for 90 days. Continue reading
Apr 09 Trump backs down on most tariffs for 90 days but raises rate on Chinese imports to 125% By Josh Boak, Associated Press Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports. Continue reading
Apr 08 WATCH: ‘Whose throat do I get to choke’ if tariff approach fails, Tillis asks trade rep By Dan Cooney Sen. Thom Tillis, R-N.C., Tillis described his phrase as a concept from management consulting that means someone has to be accountable. Continue reading