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US electric vehicle industry is collateral damage in Trump’s escalating trade war
DETROIT (AP) — President Donald Trump‘s tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk. Here’s what consumers should know about the impact of tariffs on electric vehicles. Where does EV adoption stand in the U.S.? […]
US added a surprising 228,000 jobs last month, as the American economy shows resilience amid Trump’s trade wars
WASHINGTON (AP) — U.S. employers added a surprising 228,000 jobs last month, as the American labor market continues to show resilience as President Donald Trump wages trade wars, purges federal workers and deports immigrants working in the United States illegally. The unemployment rate ticked up to 4.2%. The hiring numbers were up from 117,000 in […]
Global markets, Wall Street continue to slide after China slaps retaliatory tariffs on imports
Global markets slid further and Wall Street was on track for another day of crushing losses Friday after China responded to U.S. President Donald Trump‘s latest set of tariffs with some of their own. Futures for the S&P 500 fell 3.6% before the bell, while futures for the Dow Jones Industrial Average shed 3.4%, falling […]
Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock
NEW YORK (AP) — Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump‘s newest set of tariffs could do to economies across continents, including his own. The S&P 500 sank 4.8%, more than in major markets across Asia and Europe, for its worst […]
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 […]
