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trade war

A container ship is moored at the port of the port of New York & New Jersey in Elizabeth, N.J., Monday May 12, 2025. (AP Photo/Matt Rourke)
May 13, 2025

Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power

Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.

Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last
May 13, 2025

Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last

U.S. inflation cooled to 2.3% in April, its lowest in four years, despite new tariffs. Economists expect price hikes by summer as trade effects deepen.

Switzerland's Economy Minister Federal Councillor Guy Parmelin, left, shakes hands with Chinese Vice Premier He Lifeng, right, next to Switzerland's President Karin Keller-Sutter, center, during a bilateral meeting between Switzerland and China, in Geneva, Switzerland, on Friday, May 9, 2025. (Martial Trezzini/Keystone via AP, Pool)
May 10, 2025

Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope

U.S. and Chinese officials meet in Geneva to ease a growing tariff war, with global trade and economic stability hanging in the balance.

FILE - Travelers check American Airlines flight information screens for their flight status at O'Hare International Airport in Chicago, Wednesday, Feb. 22, 2023. (AP photo/Nam Y. Huh, File)
May 10, 2025

More warning signs emerge for US travel industry as summer nears

Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.

Port of Virginia expects a reduction in imports from China due to President Trump's tariffs. Photo courtesy Port of Virginia
May 8, 2025

Port of Virginia CEO expects decline in Chinese imports over Trump’s trade war

Virginia Port Authority Executive Director and CEO Stephen A. Edwards said Thursday at this year's State of the Port address that President Donald Trump's tariffs are causing significant uncertainty in the port and trade sector.

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.

Trader Michael Capolino, right, works with colleagues on the floor of the New York Stock Exchange, Tuesday, May 6, 2025. (AP Photo/Richard Drew)
May 6, 2025

US stocks sink again as more companies detail damage they’re taking because of Trump’s trade war

U.S. stocks fall as AI hype cools and companies pull forecasts amid tariff uncertainty from Trump, sparking fears of slowed growth and recession.

Canadian Prime Minister Mark Carney boards a government plane in Ottawa, Ontario, Monday, May 5, 2025, en route to Washington for a meeting with U.S. President Donald Trump on Tuesday. (Adrian Wyld/The Canadian Press via AP)
May 6, 2025

Trump insults Canada ahead of its prime minister’s arrival at the White House

Trump gives new Canadian PM Mark Carney a cold welcome, questioning U.S. dependence on Canada amid rising trade tensions and sovereignty disputes.

Dominion Energy plans to develop the nation's largest wind farm — an $8 billion, 220-turbine project — off the coast of Virginia Beach by 2026. Photo courtesy Dominion Energy
May 6, 2025

Tariffs could add $500M to Dominion offshore wind project

Richmond-based Fortune 500 utility Dominion Energy says the cost of its Coastal Virginia Offshore Wind project in Virginia Beach could rise by about $500 million due to tariffs on imported goods imposed by President Donald Trump.

A See's Candy worker restocks the display next to a cutout of Warren Buffett at the Berkshire Hathaway shareholders meeting exhibit hall Friday, May 2, 2025 in Omaha, Neb. (AP Photo/Josh Funk)
May 3, 2025

Buffett says US shouldn’t use ‘trade as a weapon’ as Trump has done with tariffs

Warren Buffett criticizes Trump’s tariffs, urges global trade, and shares insights on markets, succession plans, and Berkshire’s $347B cash reserves.

Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
May 2, 2025

Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation

Wall Street marks its longest win streak since 2004 as job growth beats forecasts and optimism grows over easing U.S.-China trade tensions.

U.S. adds 177K jobs despite trade war, hiring slows
May 2, 2025

U.S. adds 177K jobs despite trade war, hiring slows

U.S. employers added 177,000 jobs in April, beating expectations. Labor market remains resilient despite trade wars, tariffs, and federal job cuts.

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