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EU braces for Trump tariff hike as deadline nears
FRANKFURT, Germany (AP) — The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. Trump imposed a 20% import tax on all EU-made products in early April as […]
U.S. warns of tariff hikes as Trump deadline nears
Trump’s tariff pause ends Wednesday, with U.S. warning trade partners that higher tariffs could take effect Aug. 1 unless new deals emerge.
Trump signs tax cut bill at July 4 White House event
WASHINGTON (AP) — President Donald Trump signed his package of tax breaks and spending cuts into law Friday after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy. Flanked by Republican legislators and members of his Cabinet, Trump signed the multitrillion-dollar legislation outside the White […]
House passes Trump’s $4.5T tax cut and spending bill
WASHINGTON (AP) — House Republicans propelled President Donald Trump‘s big trillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline. The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democ[...]
Analysis shows Trump’s tariffs would cost US employers $82.3 billion
WASHINGTON (AP) — An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump‘s current tariff plans, a sum that could potentially be managed through price hikes, layoffs, hiring freezes or lower profit margins. The analysis by the JPMorganChase Institute is among the first to measure […]
Trump to block California’s gas car ban, emissions rules
WASHINGTON (AP) — President Donald Trump is expected to sign a measure Thursday that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035, a White House official told The Associated Press. The resolution Trump plans to sign, which Congress approved last month, aims to quash the country’s most aggressive attempt to […]
AESC halts $1.6B EV battery plant over policy fears
COLUMBIA, S.C. (AP) — A Japanese company has halted construction on a $1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing “policy and market uncertainty.” While Automotive Energy Supply Corp. didn’t specify what those problems are, South Carolina’s Republican governor said the company is dealing with the potential loss of […]
Elon Musk pulls back on threat to withdraw Dragon spacecraft
Elon Musk reversed a threat to retire SpaceX’s Dragon after a clash with Trump. The capsule remains vital to ISS missions.
Wall Street drifts closer to its record ahead of Friday’s jobs report
U.S. stocks edged higher after Trump said trade talks with China will resume, signaling easing tensions. Markets await key jobs report Friday.
Wall Street’s rally slows following discouraging updates on economy
U.S. stocks edge up as Trump's 50% steel tariffs near and EU-U.S. trade talks begin in Paris; Wells Fargo gains 2.5% after Fed lifts curbs.
Trump hosts $TRUMP crypto backers amid bitcoin surge
WASHINGTON (AP) — It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump‘s crypto projects dining with him at his luxury golf club in Northern Virginia, on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar. But […]
Wall Street takes a breath ahead of another week full of potential swings
NEW YORK (AP) — U.S. stocks are drifting lower Monday ahead of potential flashpoints looming later in the week that could bring more sharp swings for financial markets. The S&P 500 fell 0.5% in late morning trading, coming off a winning week in its whipsaw ride that’s been rattling investors for weeks. It had slightly more gainers than losers, […]
