A worker removes bottles of American-made Tito’s vodka from a shelf at a Liquor Control Board of Ontario store in Toronto on March 4.Christopher Katsarov Luna/Bloomberg/Getty Images New YorkCNN — It started with tariffs, but the trade war is quickly escalating beyond import taxes into a broader tit-for-tat battle. President Donald Trump’s 25% tariffs on…
Canned soup and vegetables are displayed in a grocery store. Such goods could get more expensive as a result of the 25% tariffs President Donald Trump levied on steel and aluminum imports.Spencer Platt/Getty Images CNN — It’s easy for Americans to think President Donald Trump’s aluminum and steel tariffs won’t affect them. Most of us…
Trucks are loaded with shipping containers at the Port of Long Beach in Long Beach, California, on March 6.Eric Thayer/Bloomberg/Getty Images WashingtonCNN — Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting…
Eggs represent a small share of the overall Consumer Price Index, at 0.15%, but they can have an outsized impact with a large increase.Brandon Bell/Getty Images CNN — Inflation slowed in February for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war,…
Traders work on the floor of the New York Stock Exchange.Michael Nagle/Bloomberg/Getty Images CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. On Wednesday morning, just after markets spent a day reeling from Trump’s on-again-off-again threat…
This picture taken on February 25, 2025 shows workers transporting aluminium rods at a material factory in Binzhou, in eastern China’s Shandong province.AFP/Getty Images CNN — President Donald Trump imposed a sweeping 25% tariff on all steel and aluminum imported into the United States on Wednesday, a move that threatens to drive up prices on…
Uncertainty around President Donald Trump’s trade policy has propelled a selloff on Wall Street.Charly Triballeau/AFP/Getty Images New YorkCNN — US stocks dropped again Tuesday after President Donald Trump doubled down on his threat to levy a new round of hefty tariffs on Canada. Trump said Tuesday in a social media post that he would add…
Economists expected that the number of job openings increased in January to 7.7 million.David Paul Morris/Bloomberg/Getty Images CNN — The latest snapshot of job openings in the US shows that there were 7.74 million available positions in January, signaling renewed optimism from US employers to start the year. The number of job openings rose from…
Shipping containers are seen at the Atlantic Hub container terminal in Halifax on Monday, Feb. 3, 2025.Darren Calabrese/The Canadian Press/AP WashingtonCNN — The Trump administration’s dizzying back-and-forth on tariffs is paralyzing America’s small businesses as they grow worried about the US economy’s future. The National Federation of Independent Business’ Uncertainty Index climbed in February to…
The traditional definition of a US recession is “a significant decline in economic activity that is spread across the economy and that lasts more than a few months,” according to the official arbiter.David Paul Morris/Bloomberg/Getty Images CNN — President Donald Trump says his administration is making “very big” moves and has acknowledged there’s likely a…
