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
Apr 15 WATCH: White House says ‘the ball is in China’s court’ on resolving tariffs and trade issues By Associated Press The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals. Continue reading
Apr 14 Stocks rally worldwide after Trump eases some electronics tariffs By Stan Choe, Associated Press Apple and other technology companies helped lift Wall Street after Trump said he was exempting smartphones, computers and other electronics from some of his stiff tariffs, which could ultimately more than double prices for U.S. customers of products coming from… Continue reading
Apr 14 Trump considers pausing his auto tariffs to give carmakers more time By Josh Boak, Michael Liedtke, Associated Press When Trump announced the 25 percent auto tariffs on March 27, he described them as “permanent.” His hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies. Continue reading
Apr 14 China’s Xi says no winners in tariffs and trade war during Southeast Asia visit By Huizhong Wu, Aniruddha Ghosal, Associated Press Xi reiterating China's commitment to global trade in contrast with U.S. President Donald Trump's latest tariffs moves. Continue reading
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