Sign In
Free Newsletter
Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%
WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time […]
Trump will highlight Apple’s plans to invest $100 billion more in US, raising total to $600 billion
WASHINGTON (AP) — President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years. “Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to […]
Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent
WASHINGTON (AP) — President Donald Trump said Tuesday that he’s whittled down his list of potential Federal Reserve chair candidates to four as he considers a successor to Jerome Powell — a choice that could reset the path of the U.S. economy. Asked on CNBC’s “Squawk Box” for a future replacement to Powell, Trump named Kevin […]
US enters 90-day negotiating period with Mexico as 25% tariffs stay in place
WASHINGTON (AP) — The United States will enter a 90-day negotiating period with Mexico over trade as 25% tariff rates stay in place, President Donald Trump said Thursday. Trump, posting on his Truth Social platform, said a phone conversation he had with Mexican leader Claudia Sheinbaum was “very successful in that, more and more, we are […]
Trump announces 25% tariff on India and unspecified penalties for buying Russian oil
WASHINGTON (AP) — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday. India “is our friend,” Trump said on his Truth Social platform, but its tariffs on U.S. products “are far too high.” The Republican […]
Trump imposes 50% tariffs on Brazil over Bolsonaro case
WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil’s policies and criminal prosecution of former President Jair Bolsonaro constitute an economic emergency under a 1977 law. Trump had threatened the tariffs July 9 in a letter to President Luiz Inacio Lula da Silva. But [&[...]
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) — The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank made three cuts last year. During […]
U.S., EU agree to 15% tariff in new trade framework
EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe. The sweeping announcement came after President Donald Trump and European […]
Trump announces new tariffs on Japan
WASHINGTON (AP) — President Donald Trump announced a trade framework with Japan on Tuesday, placing a 15% tax on goods imported from that nation. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump posted on Truth Social, adding that the United States “will continue to always […]
Trump threatens NFL stadium deal over team name
CLEVELAND (AP) — President Donald Trump is threatening to hold up a new stadium deal for Washington’s NFL team if it does not restore its old name of the Redskins, which was considered offensive to Native Americans. Trump also said Sunday that he wants Cleveland’s baseball team to revert to its former name, the Indians, saying […]
Bitcoin tops $118,000 for the first time, and keeps on going
Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions. A soft U.S. dollar and the digital currency friendliness of President Donald Trump‘s administration has also helped to push the price of bitcoin to unprecedented levels recently. Last month the Senate passed legislation th[...]
Trump plans to hike tariffs on Canadian goods to 35%
WASHINGTON (AP) — President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. The Thursday letter to Canadian Prime Minister Mark Carney is an aggressive increase to the top […]
