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Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble
The president’s aides insist the fallout will be short and ultimately result in a better economy, as economists warn of higher inflation and slower growth.The New York Times - 1d -
Trump’s ‘Liberation Day’ could mean recession in the US and pain worldwide | Steven Greenhouse
The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goal. With the huge and painful tariffs that Donald Trump announced on Thursday, “Tariff Man” ...The Guardian - 8h -
Leavitt: Trump tariffs won’t lead to 'pain' for American-owned businesses or US workers
White House press secretary Karoline Leavitt said President Trump’s tariffs won’t lead to “pain” for U.S. workers or American-owned businesses amid concern after “Liberation Day.” Leavitt joined ...The Hill - 1d -
Senate Democrat warns of ‘catastrophic’ consequences to Trump tariffs
Sen. Ed Markey (D-Mass.) warned Tuesday of “catastrophic” consequences to President Trump’s tariff plans. “To have an all out war with Canada, with every country in the world, who was a major ...The Hill - 4d -
Chinese manufacturers warn of price hikes after tariffs
A manufacturer in China that makes apparel for the American market is warning of a price increase after President Trump’s announcement on tariffs. NBC News' Janis Mackey Frayer visits one of the ...NBC News - 1d -
Trump tariffs jolt Asian automakers — Toyota likely set for most pain
U.S. President Donald Trump last Wednesday announced sweeping 25% tariffs on cars "not made in the U.S.," sending shockwaves through global automakers.CNBC - 4d -
GOP senator supporting Trump tariffs despite 'short-term pain'
Sen. Tim Sheehy (R-Mont.) said during a recent interview that he supports President Trump’s expansive tariff agenda despite the likelihood of short-term negative impacts. “There’s absolutely gonna ...The Hill - 4d -
‘War’ and ‘pain’: what the papers say about Donald Trump’s trade tariffs
The US president has announced new taxes on imports to the US starting at a baseline of 10% – here is the front-page reaction in Britain. Donald Trump’s tariff “day of liberation” arrived with the ...The Guardian - 2d -
‘I call it termination day’: Ontario premier warns about implications of Trump’s tariff announcement
President Donald Trump promised a new slate of tariffs will go into effect on April 2. Ontario Premier Doug Ford discusses Canada’s plan to retaliate to the new U.S. tariffs and warns Americans ...NBC News - 3d -
Trump tariffs live: US stocks plummet in after-hours trading as experts warn Americans could see higher costs
Dow futures have fallen more than 1,000 points in hours after Trump’s tariff announcement; business leaders warn of fallout from Trump’s trade war. Full report – Trump announces sweeping new ...The Guardian - 2d -
US coffee drinkers in for double shot of pain from tariffs
Beans and chocolate prices set to rise as a result of new leviesFinancial Times - 2d -
Europe warns of "strong plan to retaliate" ahead of new Trump tariffs
European Union already intends to impose duties on U.S. goods worth some $28 billion in mid-April in response to Trump's steel and aluminum tariffs.CBS News - 3d -
E.U. chief warns of further countermeasures against U.S. tariffs if negotiations fail
The European Union is preparing further countermeasures against U.S. tariffs if negotiations fail, according to European Commission President Ursula von der Leyen.NBC News - 2d -
Powell warns Trump tariffs, risks are 'significantly larger than expected'
Federal Reserve Chair Jerome Powell said Friday that the size and potential economic harm of President Trump's new tariffs were far larger than anticipated, raising new challenges as the bank ...The Hill - 1d -
Powell warns Trump's tariffs expected to hike inflation
The remarks came as U.S. stocks plummeted over an escalating trade war.ABC News - 1d -
The unmistakable whiff of stagflation on the eve of tariff day
While US economic pain is mostly visible in soft data, that is still a problem for the Federal ReserveFinancial Times - 4d -
How Tariffs Are Hitting Digital Commerce Companies
These businesses, including e-commerce platforms and payment processors, are pulling back on public offering plans and bracing for pain.The New York Times - 19h -
Trump's reciprocal tariffs a 'double-edged sword': Sen. Ron Johnson
Trump promised the tariffs will bring about "the golden age of America," but economists have warned a recession could happen.The Hill - 1d -
Trump says his tariffs could bring in trillions. Economists disagree.
Experts estimate far lower figures in tariffs revenue, warning that President Trump's tariffs could drive up prices for American consumers.CBS News - 2d -
Thune backs Trump tariffs
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP leader warns against undoing tariffs Senate Majority Leader John Thune ...The Hill - 3d -
UK escapes worst of Trump's tariff wrath with 10% levy but warns of 'threat' to global economy
The U.K. escaped relatively unscathed compared with many other nations, facing the lowest trade tariff that Trump announced Wednesday.CNBC - 2d -
Trump tariffs: Mark Cuban says to stock up at Walmart and big box stores—but experts warn not to panic shop
The president announced a minimum 10% tariff on imports from a lengthy list of countries. Here's how financial pros say you should respond.CNBC - 2d -
How Trump’s tariffs will hit the UK economy
Exporters from cars to whisky hit, while economists warn of growth impactFinancial Times - 2d -
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 - 1d -
Global economy will ‘massively suffer’ from Donald Trump tariffs, Ursula von der Leyen warns – Europe live
European Commission president hopes to move from confrontation to negotiation after Trump attack on ‘pathetic’ EU. What are tariffs and why do they matter? French prime minister François ...The Guardian - 2d -
Brewers warn Trump’s beer tariffs could cost 100,000 jobs in Europe
Industry blindsided by 25% levy and confused whether it applies only to products imported in cansFinancial Times - 1d -
U.S. Farmers Brace for Losses in New Trade War With China
China is the third-biggest buyer of U.S. agricultural products. Now that it has punched back with tariffs on American goods, farmers can expect to feel the pain.The New York Times - 21h -
Trump tariffs threaten Apple's supply chain, stock suffers steepest drop in 5 years
Apple has warned that tariffs could hurt its business, prompt it to increase prices and potentially force it to stop offering certain products altogether.CNBC - 1d -
Trump’s trade war will have global consequences, analysts warn
The president has been announcing tariffs for months, but his latest moves are opening salvos in potentially drawn-out tit-for-tats with dozens of countries.NBC News - 2d -
Morning Report — Trump’s tariffs deepen US economic uncertainty
In today’s issue: President Trump’s rollout of steep tariffs aimed at allied trading partners on Wednesday sparked international head-shaking and renewed warnings at home about lasting U.S. ...The Hill - 2d -
Tech group CEO: Trump tariffs will 'drive inflation,' 'kill jobs'
The head of the Consumer Technology Association (CTA) warned that President Trump’s sweeping tariffs will “drive inflation” and “kill jobs,” risking a recession in the U.S. Trump announced his ...The Hill - 2d -
Pence on Trump tariffs: 'Largest peacetime tax hike in U.S. history'
Former Vice President Mike Pence warned about the economic and political risks of the Trump administration’s sweeping reciprocal tariffs on other nations, calling them the “largest peacetime tax ...The Hill - 2d -
Cruz: High tariffs 'in perpetuity' would not be good economic policy
Sen. Ted Cruz (R-Texas) on Thursday warned that if President Trump’s tariffs on trading partners last for months it will hurt the economy and American consumers. “I think it is a mistake to assume ...The Hill - 1d -
Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live
Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffs. Trump prepares to unveil reciprocal tariffs as markets ...The Guardian - 4d -
Trump Unveils Expansive Global Tariffs
The president said the charges, at least 10 percent on nearly all trading partners, would restore fairness, but experts warned they could destabilize the world’s economy.The New York Times - 2d -
Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears
President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade war. As Donald Trump prepared to unveil a swathe of reciprocal tariffs, ...The Guardian - 4d -
EU ready to retaliate against Trump’s tariffs, says von der Leyen
Commission president warns global economy will ‘massively suffer’ from US trade barrageFinancial Times - 2d -
Cruz says Republicans face midterms ‘bloodbath’ if tariffs trigger recession
Warning from Texas senator comes as president’s trade war sends US markets into a tailspinFinancial Times - 20h