Investors remained cautious Friday as they wait to see if the Trump administration’s efforts to cool trade tensions with key U.S. economic partners will bear fruit. Both the S&P 500 and tech-heavy Nasdaq Composite were roughly flat on Friday, while the Dow Jones Industrial Average fell 119 points, or 0.3%, to 41,249. Although stocks have […]
Stocks tread water as Wall Street awaits key U.S.-China meeting Read More »
President Trump’s tariffs are making it a lot more expensive to have kids, parents and baby gear makers say. Sweeping levies imposed by Mr. Trump in April are hiking the prices of baby essentials, including car seats and strollers, amounting to a tax on parents, advocates for reducing costs for families say. At the same
U.S. tariffs could raise cost of baby products up to $1,000 a year Read More »
President Trump signaled Friday that the U.S. may be open to lowering tariffs on China. “80% Tariff on China seems right!” he wrote on Truth Social, his social media platform. “Up to Scott B.” The conciliatory tone of Mr. Trump’s post comes as Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are scheduled
Trump says 80% tariff on China "seems right" ahead of trade talks Read More »
Steep new U.S. tariffs on imports are rattling businesses large and small, with many companies planning to absorb the higher costs by hiking prices for customers. Not footwear company Keen. Although the midsize company, based in Portland, Oregon, operates in an industry that is highly exposed to tariffs, Keen tells customers that it will keep
Forget tariffs — this U.S. shoe company vows not to hike its prices Read More »
President Trump claims that other countries and exporters to the U.S. will largely pick up the cost of tariffs. Yet recent data shows that companies are moving to pass along those added expenses to American consumers, which may push up prices. For example, 76% of Texas manufacturers said they plan to pass tariff-related costs to
Many companies plan to pass tariff costs on to consumers, data shows Read More »
Stocks rose Thursday after President Trump announced a new trade agreement with the United Kingdom. The S&P 500 gained 55 points, or 1%, to 5,686, while the Dow Jones Industrial Average rose 408 points, or 1%, to 41,523. The Nasdaq Composite also made gains, rising 1.3%. Mr. Trump announced the trade deal with the United
Stocks rise after Trump announces U.S.-U.K. trade pact Read More »
Japanese automaker Toyota said President Trump’s tariffs would cost the company $1.3 billion in just two months. Toyota highlighted the levies’ hit to profits at a press briefing on Thursday on its fiscal year which ended March 31, 2025. The company said during the briefing that it expects the tariffs to cost it $1.3 billion
Toyota says President Trump's tariffs will cost automaker $1.3 billion Read More »
President Trump on Thursday criticized Federal Reserve Chair Jerome Powell for holding interest rates steady at the Fed’s May 7 meeting, calling him a “fool” for acting “too late” in cutting the central bank’s benchmark rate. Mr. Trump’s post on his Truth Social app is the latest in a string of criticisms he’s launched at
Trump calls Fed chair a "fool" for keeping interest rates steady Read More »
Washington — President Trump on Thursday announced the broad terms of a trade deal with Britain, which could lower the burden of his sweeping tariffs and potentially deliver a political victory for Prime Minister Keir Starmer. The president said in remarks from the Oval Office that the two countries are “affirming that reciprocity and fairness
Watch Live: Trump unveiling U.S.-U.K. trade deal today Read More »
President Trump says the U.S. may be close to announcing new trade agreements as his administration faces pressure to strike deals with the country’s economic partners before a 90-day pause on tariffs ends on July 9. On Wednesday, Mr. Trump said in a Truth Social post that he would announce a “major trade deal” with a “big,
Trump says trade deals could come this week. Here's what to know. Read More »
