Latest in Trump's Handling Economy
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Walmart Says Trump’s Tariffs Have Added Uncertainty to Its Outlook
Executives at the largest retailer in the United States acknowledged the new environment, but told investors that they were confident in the company’s strategy.The New York Times - 1d -
Companies See China as a Safe Harbor Amid Trump’s Tariffs
The heavy U.S. tariffs on other Asian countries have made China a more appealing option for companies scared to make a hasty decision amid upheaval in global trade.The New York Times - 1d -
Trump Rejects Proposal for Medicare to Cover Wegovy and Other Obesity Drugs
Administration officials reversed a decision made during the Biden presidency that would have given millions of people access to weight-loss drugs paid for Medicare and Medicaid.The New York Times - 1d -
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 - 1d -
House Strikes Down $5 Overdraft Fee Limit, Sending Issue to Trump
Lawmakers also struck down a rule giving the Consumer Financial Protection Bureau supervisory power over tech companies’ payments apps.The New York Times - 1d -
The Trump Envoy Who Got Close to the ‘World’s Coolest Dictator’
U.S. officials said Ronald Johnson’s actions during his time as ambassador to El Salvador seemed less aligned with U.S. interests and more focused on protecting the country’s president.The New York Times - 1d -
China Says Shoppers Will Offset Trump Tariffs, But Doubts Remain
If sky-high U.S. tariffs hurt China’s exports, domestic spending will help make up for it, Beijing says. But shoppers were skittish even before the trade war.The New York Times - 18h -
If Trump is trying to suppress China, he’s going about it all wrong
The shock of tariffs is pulling Beijing back to economic fundamentalsFinancial Times - 16h -
Trump signs order to 'make America's showers great again'
The US president says he wants to "take care of my beautiful hair" as he eases water flow rules.BBC News - 17h -
Trump Fuels the Stock Market to a Historic Rally With a Tariff Pause
The president hit China with a 125 percent tariff while pausing levies for other nations.Inc. - 17h -
Faisal Islam: Trump may have backtracked, but this is far from over
There is an anxious wait to find out what comes next - and if a currency war will follow.BBC News - 13h -
Trump's immigration tactics obstruct efforts to avert bird flu pandemic: Researchers
Immigration raids and threats have undermined efforts to prevent and detect bird flu infections among farmworkers, researchers say.ABC News - 13h -
Egg Prices Reach a Record High, Despite Trump’s Predictions
Easter is going to more expensive this year. Although bird flu is slowing, and wholesale prices have dropped, those inputs haven’t reached retail.Inc. - 14h -
Roller-coaster week for global bonds continues as 'Trump put' sparks reversals
"There's a sense of relief that trade deals with the U.S. are firmly on the table," economists say.CNBC - 13h -
Investors in Trump’s America can no longer see around corners
Regular guidance from executives on the near-term path of profit just got more elusiveFinancial Times - 12h -
Trump's immigration policy is weighing on beer sales, Constellation Brands CEO says
Roughly half of Constellation's beer sales come from Hispanic consumers.CNBC - 12h -
Will iPhones cost more in the US because of Trump's tariffs on China?
Some analysts say that if costs incurred by tariffs pass to consumers, US iPhone prices could rise by hundreds of dollars.BBC News - 12h -
What does Trump's tariff pause mean for global trade?
What is the situation after the historic upheaval in American trade policy.BBC News - 13h -
What you're still set to pay more for under Trump's tariffs
Some of the stiffest new tariffs are on hold, but experts say shoppers’ bills for White House trade policies are coming due soon.NBC News - 13h -
Trump’s Tariffs Could Impact Apparel Companies That Make Clothing in the U.S.
Even companies that make clothing in America aren’t feeling great about stiff duties on their overseas competition.The New York Times - 10h -
Trump Team Divided Over Future of U.S. Embassy in Somalia
Some State Department officials have proposed closing the embassy in Mogadishu, the Somali capital, as a precaution after recent gains by Al Shabab militants.The New York Times - 10h -
Will Trump’s tariff chaos be China’s gain in global trade wars?
As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunities. On the basis of Napoleon’s dictum “never interrupt your enemy while they are ...The Guardian - 11h -
Why China's Xi Jinping is playing hardball with Trump on tariffs: ANALYSIS
He wants to show China can withstand the economic pain, according to experts.ABC News - 8h -
Watch: What's behind Trump's 90-day tariffs pause?
News of the US president's plan to halt higher-band taxes came as a surprise on Wednesday, but was it part of a plan?BBC News - 6h -
Trump Insists ‘Everybody’ Wants to Make a Trade Deal With the U.S.
The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.The New York Times - 7h -
Trump tariffs raise costs, business risks for NYC garment companies
"A Veronica Beard jacket was $800. Now it's going to be $1,000," one New York City fabric importer said.CBS News - 6h -
Trump Deploys Justice Dept. to Scrutinize Ex-Officials and Perceived Foes
A presidential decree instructing the Justice Department to scrutinize whether a former official broke the law crosses a new line.The New York Times - 6h -
U.S. cyber defenders shaken by Trump's attack on their former boss
The people tasked with keeping the country safe from foreign government hackers and cybercriminal gangs say they feel like they’re under attack, not from their usual adversaries but from the ...NBC News - 5h -
Asia’s emerging nations squeezed by Trump tariffs and China’s retaliation
Stock markets of Taiwan, Thailand and Vietnam deep in the red this year, despite rallying after reprieve on tariffsFinancial Times - 5h -
FirstFT: Stock sell-off resumes as Trump’s China tariffs spook investors
Also in today’s newsletter, EU agrees to start trade talks with UAE and OpenAI slashes AI model safety testing timeFinancial Times - 41m -
After a dramatic week, is Trump any closer to his trade goals?
The president made a partial reversal this week - here's a look at where it leaves five of his key ambitions.BBC News - 1h -
Autoworkers Union Chief Gives Trump’s Tariffs a Mixed Review
In an address to the U.A.W., Shawn Fain said a targeted approach could help bring jobs back to the United States, but he criticized universal duties.The New York Times - 3h -
Dollar and Treasuries sell off as Trump’s China tariffs spook investors
Scale of US levies on Chinese goods deepens recession fearsFinancial Times - 39m -
Stocks Dive Again as Angst Rises Over Trump’s Trade War
The S&P 500 fell 3.5 percent by the closing bell, erasing part of Wednesday’s recovery, as fears grew that the worsening trade war with China would crimp growth.The New York Times - 3h -
The big lesson for Europe? Trump backed down under pressure
The EU neither ‘kissed ass’ nor unleashed its most powerful trade weapon. Now it must provide the world with an alternative to US chaos. . . My condolences to everyone who spent days trying to play ...The Guardian - 1h -
India rebuffs China’s BYD as Trump trade war creates openings
Also in this newsletter, ecommerce companies head to small towns and RBI cuts the repo rateFinancial Times - 4h -
Switzerland seeks closer EU ties in response to Trump shock
Swiss president to attend informal EU finance ministers’ meeting for the first time, alongside British chancellorFinancial Times - 1h -
Apr 2: CBS News 24/7, 4pm ET
Michigan auto industry braces for Trump’s 25% tariffs on imported car and auto parts; Trump announces 10% tariff on all countries and additional specific reciprocal tariffs on “worst offenders”CBS News - 6h -
Justice Dept. Disbands Cryptocurrency Enforcement Unit
The Trump administration is dialing back its enforcement of cryptocurrency, and criticizing Biden-era prosecutions.The New York Times - 2d -
Tariff Uncertainty Is Freezing M&A and Dealmaking. It May Not Thaw for a While
Trump may have paused ‘reciprocal’ tariffs on most countries for now, but continued uncertainty has been freezing mergers and acquisitions.Inc. - 1d