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China retaliates as Trump’s tariffs affect world markets
BANGKOK (AP) — Countries and industries were scrambling Friday to respond as President Donald Trump‘s latest tariffs hikes upend global trade and world markets. China responded to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all U.S. products beginning April 10. […]
Trump says things are ‘going very well’ after worst stock market drop in years over tariffs
WASHINGTON (AP) — President Donald Trump offered a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, “I think it’s going very well.” “The markets are going to boom, the stock is going to boom, the country is going to boom,” he said when asked about the market as he left the White […]
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports. Virtually every sector suffered big losses Thursday as U.S. financial markets careened toward their biggest one-day drop since COVID-19 flattened the global economy five years ago. Banks, retailers, clothing, airlines and technology companies were among the hardest [...]
Trump gives GOP senators his support as they charge ahead on tax package and spending cuts
WASHINGTON (AP) — Republican senators unveiled a budget proposal Wednesday that’s central to President Donald Trump’s domestic agenda of tax breaks, spending cuts and border security, but they’re delaying some of the most difficult decisions, including how to pay for the multitrillion-dollar package. Trump hosted Senate Republicans at the White House as they charge ahead to [...]
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
WASHINGTON (AP) — President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, threatening to upend much of the architecture of the global economy and trigger broader trade wars. Trump held up a chart […]
Trump pressures Senate Republicans to oppose resolution that would nullify Canada tariffs
WASHINGTON (AP) — Senate Republicans are facing pressure Wednesday from President Donald Trump to oppose a Democratic resolution that would nullify the presidential emergency on fentanyl he is using to implement tariffs on Canada. Just hours before Trump was set to announce his plan for “reciprocal tariffs” on China, Mexico and Canada — his so-called “Liberation Day” — the Sena[...]
Stock market today: Wall Street rises in another jittery day ahead of Trump’s tariff announcement
NEW YORK (AP) — U.S. stocks whipped through another dizzying day Wednesday in the final hours before President Donald Trump’s unveiling of the tariffs promised as part of his “ Liberation Day,” which could drastically remake the global economy. The S&P 500 rose 0.7%, but only after careening between an earlier loss of 1.1% and a later gain of 1.1%. […]
Trump is set to announce ‘reciprocal’ tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set on Wednesday to announce a barrage of self-described reciprocal tariffs on friend and foe alike. The new tariffs, coming on what Trump has called “Liberation Day,” are a bid to boost U.S. manufacturing and punish other countries for what he says are […]
Europe says that it holds a lot of trade cards on the eve of Trump’s tariff ‘Liberation Day’
BRUSSELS (AP) — A top European Union official warned the U.S. on Tuesday that the world’s biggest trade bloc “holds a lot of cards” when it comes to dealing with the Trump administration’s new tariffs and has a good plan to retaliate if forced to. U.S. President Donald Trump has promised to roll out taxes on […]
No batteries? Thinner packaging? US businesses look for ways to offset tariffs
NEW YORK (AP) — Gadgets sold without batteries. Toys sold in slimmed-down boxes or no packaging at all. More household goods that shoppers need to assemble themselves. These are some of the ways consumer product companies are retooling their wares to reduce costs and avoid raising prices as President Donald Trump levies new import taxes on key […]
If Trump tariffs linger, Va. maritime industry will feel pain, experts say
With President Donald Trump‘s self-branded “Liberation Day” anticipated to bring a rollout of new tariffs April 2 that Trump says will free the United States of dependence on foreign-made goods, many businesses and citizens are wondering what will happen next, with skyrocketing consumer prices and supply costs among their worries. On Monday, the president said he […]
Stock market today: More swerves hit Wall Street as Trump’s “Liberation Day” nears
NEW YORK (AP) — U.S. stocks are swerving through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming Wednesday. The S&P 500 was down by 0.2% in afternoon trading after trimming an early drop of 1%. The Dow Jones Industrial Average was down […]
