Politics
Trump raises India tariffs to 50% over Russian oil purchases
US President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Modi will try to rekindle his bromance with Donal Jim Watson | AFP | Getty Images The White House announced Wednesday that it is imposing an additional 25% tariff […]
Read More
Trump views foreign investment pledges as gifts. Trade partners say that’s way off the mark
President Donald Trump is taking a victory lap over the foreign investment pledges he has secured as part of several recent trade deals, variously describing the multi-billion dollar commitments as a “signing bonus” and “seed money” and a “gift.” “If you look at Japan, we’re taking in $550 billion and that’s like a signing bonus […]
Read More
Trump is hailing the EU’s $600 billion investment pledge — but it might never happen
Key Points President Donald Trump is putting pressure on the European Union to make investments worth $600 billion in the U.S. The pledge is part of the EU-U.S. trade agreement, which also includes 15% tariffs on EU goods. The EU has said the investment will come from the private sector. U.S. President Donald Trump is […]
Read More
Trump administration to formally axe Elon Musk’s ‘five things’ email: Reuters
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images The Trump administration plans as soon as Tuesday to formally axe a program launched by billionaire former Trump adviser Elon Musk requiring […]
Read More
Murdoch to provide Trump health updates in deal to delay Epstein case deposition
U.S. President Donald Trump and Rupert Murdoch. Kevin Lamarque | Ricky Carioti | Via Reuters Conservative media baron Rupert Murdoch will give President Donald Trump regular updates on his health as part of an agreement to postpone Murdoch’s deposition in Trump’s $10 billion defamation lawsuit against him over a Wall Street Journal article about late […]
Read More
U.S. trade deficit hits a nearly 2-year low in June; China gap plunges
A ferry passenger looks at a cargo ship full of shipping containers at the port of Oakland, California, U.S., August 4, 2025. Carlos Barria | Cb The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, and the trade gap with China shrank to its lowest in more than 21 […]
Read More
Trump says new semiconductor tariff plan coming as soon as next week
President Donald Trump said Tuesday he will unveil new tariffs on semiconductors and chips as soon as next week. “We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said during a lengthy interview on CNBC’s “Squawk Box.” Trump said that […]
Read More
President Donald Trump to join ‘Squawk Box’ at 8 a.m. ET
President Donald Trump joins Squawk Box at 8 a.m. on August 5, 2025. President Donald Trump will join CNBC’s “Squawk Box” on Tuesday around 8 a.m. ET for a wide-ranging conversation on the economy and the state of the U.S. Trump’s interview comes as the administration juggles a slew of tariff negotiations as well as […]
Read More
Brazil Supreme Court justice orders house arrest of former president Bolsonaro
Former Brazilian President Jair Bolsonaro speaks to the press at the Federal Senate in Brasilia on July 17, 2025. Mateus Bonomi | Afp | Getty Images Brazil’s Supreme Court on Monday issued an house arrest order for former President Jair Bolsonaro, who is standing trial for allegedly plotting a coup, in a move that could escalate […]
Read More
Jobs data revisions are common. Here’s how the process works.
President Donald Trump fired the commissioner of the Bureau of Labor Statistics, claiming that last week’s jobs report “was rigged” without providing any evidence. But former Labor Statistics officials say that the commissioner typically doesn’t have a role in preparing the monthly jobs report. “There’s no way for that to happen,” said William Beach, Trump’s […]
Read More