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Wall Street dives as hopes wane for tariff delays; US says it will implement 104% tariff on China – business live
US stock market closes with stocks down after volatile trading day as investor hopes for concessions and delays on tariffs waxed then waned. How ‘liberation day’ rout compares with other ...The Guardian - 1d -
China’s new tariffs on US goods take effect as Asian markets rally after Trump’s tariff reversal – business live
China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on Thursday. Read the latest full report . China and the European Union have exchanged views on ...The Guardian - 1h -
Trump’s Next Tariffs Target Could be Foreign-Made Pharmaceuticals
President Trump wants to bring pharmaceutical manufacturing back to the United States. Experts warn that tariffs could result in shortages and higher prices for generic drugs.The New York Times - 5d -
US market plunges for second day after Trump’s sweeping tariffs
The U.S. stock market took another nosedive for a second day after President Donald Trump’s sweeping tariffs on countries around the world.NBC News - 5d -
China Retaliates Hard in Trade War by Slapping Tariffs on U.S. Goods
Canada and other countries also readied retaliation after President Trump raised U.S. tariff barriers to their highest level in more than a century.Inc. - 5d -
The White House is using tariffs to restore manufacturing. Data suggests it will take time.
Data about Trump's tariffs suggests the U.S. economy is not ready for a wholesale shift to manufacturing, and that it would take years to ramp up production capabilities.NBC News - 5d -
Trump’s Trade War Escalates as China Retaliates With 34% Tariffs
The Chinese government said it would match President Trump’s tariff, and also barred a group of American companies from doing business in China.The New York Times - 5d -
'Nowhere to hide.' How Apple and others in Silicon Valley are bracing for Trump tariffs
The Trump administration's tariffs will significantly hurt Silicon Valley tech companies like Apple, which has manufacturing operations in China, Vietnam and India.Los Angeles Times - 4d -
Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down
A key dollar index fell about 3% in the 24 hours surrounding Trump's tariff announcement and is now back to pre-election levels.CNBC - 3d -
Americans Wrestle With How Trump’s Tariffs May Change Shopping Lists
In the first weekend since President Trump unveiled broad tariffs, many shoppers sought to get ahead of expected price increases, while others showed patience.The New York Times - 3d -
Billionaire investor Stanley Druckenmiller: 'I do not support tariffs exceeding 10%'
Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%.CNBC - 2d -
Globalization made America rich. Now, Trump's tariffs may upend it.
President Trump treats America’s friends more like its adversaries and his worldwide tariffs may reshape the global economy and the lives of billions.NBC News - 2d -
How an errant headline about a tariffs 'pause' briefly sent stocks soaring
An unfounded claim that President Donald Trump was considering pausing the implementation of sizable tariffs briefly sent U.S. stocks skyrocketing on Monday, an indication of just how volatile the ...NBC News - 2d -
China accuses US of unilateralism, protectionism and economic bullying with tariffs
China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to “take concrete ...ABC News - 2d -
American readers worry tariffs will turn the page on affordable reading
President Donald Trump’s tariffs have some of the internet’s most voracious readers worried: the price of books and access to them could be changed significantly.NBC News - 2d -
U.S. crude oil losses deepen as Trump tariffs fuel recession fears
U.S. oil prices dropped below $60 a barrel as the global market sell-off on recession fears fueled by President Donald Trump's tariffs escalated.CNBC - 2d -
After Navarro Defends Tariffs, Bessent Says Trump Is Ready to Negotiate
Peter Navarro, a senior White House trade adviser, defended President Trump’s tariffs, but the Treasury secretary said the U.S. might be ready to negotiate.The New York Times - 2d -
Global Leaders Rush to Woo Trump, Hoping to Sway Him on Tariffs
Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.The New York Times - 2d -
Markets endure another roller-coaster day with tariffs set to kick in
Global stocks on Tuesday clawed back a fraction of their enormous recent losses, with the turmoil from Trump's global tariffs last week calming in markets.NBC News - 1d -
Kevin O'Leary presses Trump on EU tariff deal: 'Huge opportunity'
“Shark Tank” investor Kevin O’Leary is urging President Trump to agree to a "zero-for-zero" tariff deal proposed by the European Union, billing it as a “huge opportunity” that will lead to a ...The Hill - 1d -
Bessent: Tariff negotiations result of 'massive inflow' of calls, not markets
Treasury Sec. Scott Bessent said on Tuesday that President Trump’s apparent willingness to engage in tariff negotiations is a result of a “massive inflow” of calls from countries, not the downturn ...The Hill - 1d -
Treasury secretary looks to soothe Republican lawmakers on tariff drama
Treasury Secretary Scott Bessent will huddle with House Republicans multiple times this week as the administration looks to soothe GOP concerns about the sweeping tariffs that President Trump ...The Hill - 1d -
Trump Tariffs May Make It Too Expensive to ‘Drill, Baby, Drill’
President Trump’s tariff polices have sent oil prices falling, which may push energy companies to reconsider their plans to drill.The New York Times - 1d -
Trump tariffs could have "devastating impact," small businesses say
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."CBS News - 1d -
Trump says he will announce tariffs on pharmaceuticals 'very shortly'
During the National Republican Congressional Committee dinner in Washington, D.C., President Trump said that his administration would "very shortly" announce tariffs on pharmaceuticals.NBC News - 1d -
Trump's sweeping global tariffs snap into effect, ushering in a new era of disruption
President Donald Trump’s unprecedented tariffs on global imports into the United States take effect Wednesday, reshuffling a global economic order that has largely stood for generations.NBC News - 1d -
Wilbur Ross: Tariffs are ‘typical Trump’ high-risk, high-reward play
As the White House presses ahead with sweeping tariffs on dozens of nations that could upend the global economy, President Trump's former Commerce secretary sees it as “typical Trump.” “This is ...The Hill - 20h -
House Democrats warn Trump tariffs could devastate medical supply chains
With President Trump's latest tariffs underway, a group of House Democrats are calling on the administration to try to protect medical supply chains from the "devastating consequences" the mounting ...The Hill - 18h -
Trump’s Tariffs Will Pummel Asia. But One Country Sees Opportunity.
Factory-led economies are panicking about the steep new tariffs. Not the Philippines, which believes its role as a manufacturing alternative to China can expand.The New York Times - 17h -
Five books to boost your understanding of tariffs and trade wars
As tariffs escalate, FT specialists recommend titles that explain the forces and ideas shaping trade policy in recent decades, including President Trump’s trade warFinancial Times - 17h -
House GOP moves to prevent votes on rescinding Trump tariffs
House Republicans are exhausting all legislative tools to prevent future votes on repealing Donald Trump's tariffs -- doubling down on their support for his policies.ABC News - 12h -
Canada's 25% auto tariffs are in effect. Here's how they differ from the U.S.
Canada's 25% auto tariffs took effect Wednesday, but the new levies differ in many ways from those implemented last week by President Donald Trump.CNBC - 12h -
Healthy Returns: Trump says major pharmaceutical tariffs coming ‘very shortly’
Trump doubled down on plans to soon impose "major" pharmaceutical tariffs, while early stage startups dominated digital health funding deals in first quarter.CNBC - 13h -
72 percent think Trump tariffs will hurt economy in short term: Survey
A large majority of Americans think that President Trump’s sweeping tariffs will end up hurting the U.S. economy in the short-term, according to a new survey that was released on Wednesday. The ...The Hill - 11h -
As Trump’s Sweeping Tariffs Kick in, Officials Signal Openness to Talks
President Trump’s next round of tariffs on major trading partners went into effect just after midnight, bringing levies on China to at least 104 percent.The New York Times - 11h -
Trump changes tune as his billionaire supporters push back against tariffs
Hedge fund honcho Bill Ackman has joined a growing list of President Donald Trump's billionaire backers calling for the White House to slam the brakes on tariffs.ABC News - 10h -
Luxury Fashion Brands Are ‘Biting Their Nails’ Over EU Tariffs
As tariffs on the European Union take effect, luxury goods makers are “biting their nails” over their treasured “Made in France” or “Made in Italy” products.The New York Times - 11h -
Watch: Why US markets skyrocketed after Trump tariffs pause
The S&P 500 index soared 9.5% in the biggest one-day rally since 2008, following days of turmoil sparked by the tariffs.BBC News - 9h -
Modelo owner Constellation Brands outlook disappoints as tariffs weigh on forecast
Modelo and Corona owner Constellation Brands beat quarterly earnings and revenue estimates, but its outlook took a hit from U.S. tariffs on most of its beer.CNBC - 9h -
Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
The president further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.The New York Times - 7h