Ships are loaded at the container terminal of the port in Qingdao, in China’s eastern Shandong province on January 25, 2025.AFP/Getty Images New YorkCNN — Still waiting for that Valentine’s Day gift you ordered weeks ago? President Donald Trump’s trade war could be to blame. On February 4, Trump levied a new 10% tariff on…
Commercial trucks cross the Lewiston-Queenston Bridge border crossing into the United States,Joe Raedle/Getty Images CNN — If you’re confused by President Donald Trump’s tariff plan, you’re not alone. Trump and his economic team have made many contradictory statements about the rationale for tariffs, leaving American multinational businesses unsure how to plan, and foreign countries unclear…
The US economy was expected to add 170,000 jobs in January and the unemployment rate was expected to hold steady at 4.1%.Phelan M. Ebenhack/AP CNN — If the pundits proved right, the US labor market was supposed to have broken down by now. It wasn’t supposed to survive the Federal Reserve’s historic and aggressive rate-hiking…
Treasury Secretary Scott Bessent in an interview with Larry Kudlow at Fox Business Studios on February 5 in Washington, DC.Paul Morigi/Getty Images CNN — Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two…
Economists expect that US employers added 170,000 jobs in January and that the unemployment rate remained 4.1%.Luke Sharrett/Bloomberg/Getty Images CNN — If the pundits proved right, the US labor market was supposed to have broken down by now. It wasn’t supposed to survive the Federal Reserve’s historic and aggressive rate-hiking campaign to reel in high…
China responded to a new 10% tariff from the United States by imposing a 15% tariff on some types of coal it imports from the US, among other measures.Justin Merriman/Bloomberg/Getty Images New YorkCNN — The first punches have been thrown between the United States and China in what could amount to a short-lived trade dispute…
Tractor trailers cross the Peace Bridge at the Canada-US border in Fort Erie, Ontario, Canada, on Monday, February 3, 2025.Cole Burston/Bloomberg/Getty Images WashingtonCNN — Tensions among the United States and its three biggest trading partners are injecting uncertainty into the US economy, putting American business owners in an uncomfortable wait-and-see posture. We’d like to hear…
Employees work on a circuit board production line at the workshop of Anhui Shixin Electronic Technology Co LTD in Fuyang, China.Costfoto/NurPhoto/Getty Images CNN — Need a new computer, television or phone? You might want to consider getting one now. That’s because President Donald Trump enacted a new 10% across-the-board tariff on Chinese goods Tuesday morning….
A driver refuels their vehicle at a gas station in Berkley, Michigan.Emily Elconin/Bloomberg/Getty Images New YorkCNN — Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion. The cost to lower-income families is magnified because economists say essentials like food, energy and auto parts are most…
Contractors raise a framed wall on a house under construction at the Toll Brothers Regency at Folsom Ranch community in Folsom, California, US, on Thursday, May 18, 2023.David Paul Morris/Bloomberg/Getty Images CNN — President Donald Trump has frequently quipped that “we don’t need” products from Canada. That includes oil, autos and, of course, lumber. “We…
