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economic policy

US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump
Jul 14, 2025

US manufacturers are stuck in a rut despite subsidies from Biden and protection from Trump

WASHINGTON (AP) — Democrats and Republicans don’t agree on much, but they share a conviction that the government should help American manufacturers, one way or another. Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers. Republican President Donald Trump is building a wall of import taxes — tariffs — around the […]

European trade ministers pledge unity after Trump’s surprise 30% tariffs
Jul 14, 2025

European trade ministers pledge unity after Trump’s surprise 30% tariffs

BRUSSELS (AP) — European trade ministers were hopeful Monday for a negotiated trade deal after President Donald Trump announced 30% tariffs on the European Unio n, but also expressed resolve in preparing countermeasures if talks break down. The ministers met Monday in Brussels following Trump‘s surprise announcement of such hefty tariffs, which could have repercussions for governments, [[...]

Trump announces 30% tariffs against EU, Mexico to begin Aug. 1, rattling major US trading partners
Jul 13, 2025

Trump announces 30% tariffs against EU, Mexico to begin Aug. 1, rattling major US trading partners

BRIDGEWATER, N.J. (AP) — President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners. Trump detailed the planned tariffs in letters posted to his social media account. They are part of […]

Trump plans to hike tariffs on Canadian goods to 35%
Jul 11, 2025

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 […]

AESC halts $1.6B EV battery plant over policy fears
Jun 6, 2025

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 […]

Wall Street drifts closer to its record ahead of Friday’s jobs report
Jun 5, 2025

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.

President Donald Trump talks to workers as he tours U.S. Steel Corporation's Mon Valley Works-Irvin plant, Friday, May 30, 2025, in West Mifflin, Pa. (AP Photo/Julia Demaree Nikhinson)
Jun 4, 2025

Trump’s promised steel and aluminum tariffs go into effect

U.S. President Donald Trump hiked nearly all steel and aluminum tariffs to 50% in a move that’s set to hammer businesses from automakers to home builders, and likely to increase prices for consumers.

As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims
May 9, 2025

As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims

Trump raises China tariffs to 145%, sparking retaliation and global market jitters as trade talks begin in Geneva with no clear resolution in sight.

FILE - In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. (AP Photo/Manuel Balce Ceneta, File)
May 7, 2025

Fed holds rates steady amid tariff-driven inflation risk

The Fed keeps interest rates unchanged as it weighs Trump’s tariffs, inflation risk, and economic uncertainty before deciding on possible future cuts.

U.S. Sen. Tim Kaine spoke April 30, 2025 on the Senate floor. Photo courtesy Office of Tim Kaine
May 1, 2025

Senate blocks Kaine-sponsored bid to stop Trump’s tariffs

Senate Republicans block a resolution cosponsored by U.S. Sen. Tim Kaine to halt Trump’s global tariffs, highlighting GOP divides and rising economic concerns.

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)
Apr 30, 2025

Trump’s tariffs echo Hoover-era economic missteps

Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.

Sen. Stella Pekarsky, D-Centreville, is the chief patron of Senate Bill 738. The bill seeks to limit cell phone use in schools. Photo courtesy Capital News Service
Apr 30, 2025

Virginia junk fee ban awaits action from governor

Virginia may ban hidden junk fees under new legislation, but Gov. Youngkin must act by May 2 to sign or veto the consumer protection bill.

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