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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British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. “Having fundamentally

Key Takeaways President Donald Trump’s tariffs against trading partners announced Wednesday were billed as “reciprocal,” targeting countries that have their own trade barriers against U.S. goods. However, economists and trade experts said that because of the way the White House calculated the rates, these tariffs seem to be based on trade deficits. Trade experts questioned