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Trump’s latest round of tariffs have taken effect — and more retaliation is coming. What we know
NEW YORK (AP) — President Donald Trump has launched tariff wars with almost all of America’s trading partners. And his track record of on-again, off-again new levies continued Wednesday with a 90-day pause for most nations targeted by the latest volley of import taxes, hours after they went into effect. Just after [...]
Trump signs executive orders to boost coal, a reliable but polluting energy source
WASHINGTON (AP) — President Donald Trump on Tuesday signed a series of executive orders aimed at boosting the struggling coal industry, a reliable but polluting energy source that’s long been in decline. Under the orders, Trump uses his emergency authority to allow some older coal-fired power plants set for retirement [...]
The Latest: Trump expected to sign executive orders to boost coal
President Donald Trump is expected to sign executive orders Tuesday aimed at boosting coal, a reliable but polluting energy source that’s long been in decline. According to two senior White House officials, Trump will use his emergency authority to allow some older coal-fired power plants set for retirement to keep produc[...]
US stocks drop after another stunning day of reversals as uncertainty reigns about Trump’s tariffs
NEW YORK (AP) — U.S. stocks dropped after a second day of stunning reversals. The S&P 500 fell 1.6% Tuesday after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February. The Dow Jones Industrial […]
Will the tariffs lead to a recession? Here’s how to know if we’re in one
WASHINGTON (AP) — President Donald Trump‘s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession. The tariffs, set to take effect Wednesday, include a 10% blanket duty[...]
Wall Street could be headed for a bear market. Here’s what that means
NEW YORK (AP) — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy. The last bear market happened in 2022, but this decline feels more like the sudden, turbulen[...]
Trump says high tariffs may have prevented the Great Depression. History says different
WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs. President Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930, ev[...]
Wall Street points to gains as global markets rebound on tariff roller coaster
World shares and U.S. futures advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets settled after the shocks from President Donald Trump ‘s tariff hikes. Japan’s Nikkei newspaper reported Tuesday that U.S. Treasury Secretary Scott Bessent would lead trade negotiations with the[...]
China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs
BEIJING (AP) — China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said the U.S.‘s imposition of “so-called ‘reciprocal tariffs̵[...]
In conservative Alabama, Republicans are cheering for Trump – with some quiet concerns and caveats
BIRMINGHAM, Ala. (AP) — On a day when stock markets around the world dropped precipitously, Alabama Republican Party Chairman John Wahl led a celebration of the president whose global tariffs sparked the selloff. With no mention of the Wall Street rollercoaster and global economic uncertainty, Wahl declared his state GOPR[...]
As markets implode, US trading partners puzzle over whether there’s room for negotiations
BRUSSELS (AP) — America’s trading partners wrestled with responses to U.S. President Donald Trump‘s blast of tariff hikes and some planned to send negotiators to Washington, while the head of the European Union’s executive commission offered mutual reduction of tariffs – while warning that retaliation[...]
Chevron ordered to pay more than $740 million to restore Louisiana coast in landmark trial
POINTE À LA HACHE, La. (AP) — Oil company Chevron must pay more than $740 million to restore damage it caused to southeast Louisiana’s coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making. The case was the first of dozens of pending lawsuits to reach trial in Louisiana [[...]
