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Trump tariffs

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.

Color-coded map shows the distribution of this week’s continued claims in Virginia’s counties and cities. Map courtesy Virginia Works
May 9, 2025

Virginia unemployment claims rise amid federal layoffs

Virginia jobless claims rose in early May, with experts citing federal spending cuts, tariffs and contract reductions as key factors in the surge.

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.

Two dolls instead of 30? Toys become the latest symbol of Trump’s trade war
May 9, 2025

Two dolls instead of 30? Toys become the latest symbol of Trump’s trade war

Trump's comments on doll tariffs spark criticism as toy makers warn of price hikes and shortages. U.S. toy industry braces for trade war fallout.

Wall Street drifts as it waits for a highly anticipated US-China meeting on trade
May 9, 2025

Wall Street drifts as it waits for a highly anticipated US-China meeting on trade

U.S. stocks drift as Wall Street eyes U.S.-China trade talks in Switzerland. Lyft, TSMC, and Insulet rally while Expedia and Sweetgreen fall.

Powell says Federal Reserve can wait on any interest rate moves
May 7, 2025

Fed holds interest rate at 4.3% amid tariff and inflation uncertainty

The Fed kept rates steady at 4.3%, citing rising risks of inflation and unemployment due to Trump’s sweeping tariffs on imports from China and beyond.

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.

Federal Reserve likely to defy Trump, keep rates unchanged this week
May 5, 2025

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and tariff concerns, as inflation remains above target.

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.

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.

US inflation cools and Americans step up spending as they brace for tariff impact
Apr 30, 2025

US inflation cools and Americans step up spending as they brace for tariff impact

Inflation slowed to 2.3% in March while consumer spending jumped, especially on cars, ahead of Trump's tariffs. Fed expected to hold interest rates.

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