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Recent Articles from Associated Press
The Latest: Global tariff battle escalates as China retaliates with 125% tariffs on US goods
China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — 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. While U.S. President Donald Trump paused import taxes this week for other countries, he raised tariffs on China and […]
Plane’s wing tip hits another aircraft at Reagan National airport
ARLINGTON (AP) — The wing tip of an American Airlines plane struck another plane from the same airline on a taxiway of the Ronald Reagan Washington National Airport in Arlington County on Thursday, authorities said. No injuries were reported. The wing tip of an aircraft heading to Charleston, South Carolina, struck a plane en route […]
Apple has few incentives to start making iPhones in U.S., despite Trump’s trade war with China
SAN FRANCISCO (AP) — President Donald Trump‘s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time. But that’s an unlikely scenario even with U.S tariffs now standing at 145% on products made in China — the country where Apple […]
The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause
U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy. The S&P 500 was down 2.3% early Thursday, a day after surging 9.5% following President Donald Trump ‘s decision to pause many of his tariffs […]
The Latest: Asia and European shares sink as US tariffs take effect
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 to 125%. U.S. markets surged in response. The S&P 500 was up 7.8% in afternoon trading. It had been down earlier in the morning amid worries […]
Trump’s latest round of tariffs have taken effect — and more retaliation is coming. What we know
NEW YORK (AP) — President Donald Trump has launched tariff wars with almost all of America’s trading partners. And his track record of on-again, off-again new levies continued Wednesday with a 90-day pause for most nations targeted by the latest volley of import taxes, hours after they went into effect. Just after midnight, dozens of countries began facing steeper duties from the U[...]
Northern Virginia leaders plead for state’s help amid federal job cuts
ALEXANDRIA, Va. (AP) — Northern Virginia leaders urged lawmakers on Tuesday to enact emergency legislation to help stabilize their local economy as the White House cuts federal jobs, which they said has sharply impacted the dense cluster of government employees and contractors based in the suburbs of the nation’s capital. In presentations to a House of […]
The Latest: Trump expected to sign executive orders to boost coal
President Donald Trump is expected to sign executive orders Tuesday aimed at boosting coal, a reliable but polluting energy source that’s long been in decline. According to two senior White House officials, Trump will use his emergency authority to allow some older coal-fired power plants set for retirement to keep producing electricity to meet rising U.S. power […]
Supreme Court blocks order requiring Trump administration to reinstate thousands of federal workers
WASHINGTON (AP) — The Supreme Court on Tuesday blocked an order for the Trump administration to return to work thousands of federal employees who were let go in mass firings aimed at dramatically downsizing the federal government. The justices acted in the administration’s emergency appeal of a ruling by a federal judge in California ordering that 16,000 probationary employees [&hellip[...]
Trump says high tariffs may have prevented the Great Depression. History says different
WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, even as many economists […]
