Trump Sets Tariff on Philippines
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General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings expectations on Tuesday, but reported a decline in second-quarter profits, including a $1.1 billion hit as a result of hefty import taxes.
April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.
7hon MSN
The Trump administration’s trade deal with China that sharply lowered the tariff rate on Chinese imports is expected to be extended past its Aug. 12 deadline, Treasury Secretary Scott Bessent predicted Tuesday,
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New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.
Trump’s 50% tariff threat on Brazilian imports has left Brazilian coffee producers uncertain of the future. With no guarantee their product will reach the US, small producers, roughly 30% of the state’s coffee output,
The freight railway company reported a decline in second-quarter revenue and lowered its 2025 earnings guidance, citing tariff volatility.
A new report found inflation on the rise in June, renewing concerns that inflation is roaring back thanks to Donald Trump's tariff agenda.