Shoppers in San Francisco on April 15. The US consumer is clearly feeling uneasy in the current economic environment, but it’s unclear how that will translate into spending.David Paul Morris/Bloomberg via Getty Images WashingtonCNN — Americans are still dreading a recession and rising inflation, even after President Donald Trump paused his massive tariff hike on…
President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2.Chip Somodevilla/Getty Images CNN — President Donald Trump said high tariffs could be here to stay and he’d declare “total victory” if import taxes were as high as 50% a year from now, according to an…
Felixstowe port in Felixstowe, UK, pictured on April 9.Chris Ratcliffe/Bloomberg/Getty Images LondonCNN — Businesses in Germany and Britain produced less this month amid worries about President Donald Trump’s near-universal tariffs, in another sign that the global damage from his import levies is adding up. Closely watched surveys of purchasing managers showed Wednesday that private sector…
Shipping containers in the container yard at the Port of Baltimore in Maryland, pictured on April 12, 2025.Samuel Corum/Sipa USA/AP LondonCNN — President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday….
A woman looks at cranes and shipping containers from an observation platform at the Port of Pyeongtaek in Pyeongtaek, South Korea, on April 2.Kim Hong-Ji/Reuters New YorkCNN — Ever since President Donald Trump introduced his first round of new tariffs, it’s been a waiting game to see just how much they’ll impact the global economy….
The Marriner S. Eccles Federal Reserve building in Washington, DC, on December 31, 2024.Samuel Corum/Bloomberg/Getty Images WashingtonCNN — President Donald Trump is running out of patience: He wants lower interest rates, a key part of his economic agenda. The only problem: America’s rate-setters don’t report to him. Trump over the past week has ripped into…
Melanie Abrantes turns a cork vase for her sustainable home goods collection made with Portuguese cork in her Oakland, California, studio in 2020,Nicole Miller CNN — Small businesses are the backbone of the US economy, homegrown companies that would seem to be exactly what President Donald Trump aims to protect as part of his “America…
President Donald Trump has repeatedly claimed that other countries have been “ripping off” the United States for years, despite American growth rates that have been the envy of the developed world.Anna Moneymaker/Getty Images CNN — President Donald Trump has repeatedly touted what he calls the return of manufacturing to the United States, hailing companies that…
Kevin Warsh, a former governor of the Federal Reserve, during The Semafor World Economy Summit in Washington, DC, on April 18, 2024.Samuel Corum/Bloomberg/Getty Images Washington/New YorkCNN — President Donald Trump on Thursday againmade clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast…
Homes in Hercules, California, on Tuesday, March 25, 2025. The Trump administration’s tariffs have injected uncertainty into the bond market, impacting mortgage rates.David Paul Morris/Bloomberg/Getty Images CNN — Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week…
