U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. Chip Somodevilla | Getty Images President Donald Trump announced an aggressive, far-reaching “reciprocal tariff” policy this week, leaving many economists and U.S. trade partners to question how the White House calculated its rates. […]

Key Takeaways President Trump on Friday extended TikTok’s deadline to be sold or face a ban in the U.S. by another 75 days. The social media platform had previously faced a Saturday deadline, after Trump extended it by 75 days in January. Amazon, AppLovin, and a group led by Oracle have been reported as bidders

Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and indicated that the central bank won’t move on interest rates until it gets a clearer picture on the ultimate impacts. In a speech delivered before business journalists in Arlington, Va., Powell said the Fed

Key Takeaways President Donald Trump’s tariffs will cost a typical U.S. household $3,800 each year they are in place, according to a new analysis. The figure includes $2,100 from his “Liberation Day” tariffs announced Wednesday. Lower-income households are likely to be hit the hardest since they spend more of their income on necessities. All of

Traders work on the floor of the New York Stock Exchange during morning trading on April 03, 2025 in New York City.  Michael M. Santiago | Getty Images Traders are now betting the Federal Reserve will cut interest rates at least four times this year, amid fears President Donald Trump’s tariffs could tip the U.S.

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U.S. stock futures are declining sharply after indexes plummeted on tariffs announcements from President Donald Trump; China retaliates with a 34% tariff on U.S. imports; job growth is seen having slowed slightly in today’s March labor report; Intel (INTC) and Taiwan Semiconductor Manufacturing Co. (TSM) reportedly have tentatively agreed to form a joint venture to run the

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10, following duties imposed by U.S. President Donald

The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday

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