Trade
Trump tariffs will hurt lower income Americans more than the rich, study says
Key Points Tariffs imposed by President Donald Trump are expected to raise costs on products for U.S. consumers. However, tariffs would hurt lower income households with a minimal impact on the top one percent of earners in 2026, according to an analysis by the Institute on Taxation and Economic Policy. Source
Read More
Inflation job nearly done but tariff risks loom — What European Central Bank members said this week
Guests and attendeess mingle and walk through the atrium during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 24, 2025. Jim Watson | Afp | Getty Images After years dominated by the pandemic, supply chains, energy and inflation, there was a new topic topping the agenda at the […]
Read More
CNBC Daily Open: Markets rise as tech boost offsets trade worries — for now
Major U.S. tech names reported their first-quarter results Thursday, offering markets something more to chew on besides all the tariff-related news. U.S. stock indexes rallied: the Dow regained the 40,000 level and the S&P500 and Nasdaq posted gains of over 2%. While tech appears to be at the forefront of investors’ mind for now, tariffs […]
Read More
Emerging markets are betting on a post-tariffs winner — and it’s not China or the U.S.
Visitors look at the city skyline from a park in Kuala Lumpur on September 30, 2021. (Photo by Mohd RASFAN / AFP) (Photo by MOHD RASFAN/AFP via Getty Images) Mohd Rasfan | Afp | Getty Images Emerging markets have found themselves between a rock and a hard place amid an escalating trade war, seemingly forced […]
Read More
South Korea calls for ‘calm, orderly’ talks with the U.S. amid hopes of a tariff deal by early July
South Korea’s Trade, Industry and Energy Minister Ahn Duk-geun (right) arrives at Incheon International Airport on April 23, 2025, as he departs for Washington for finance and trade ministers’ talks with the U.S. Jung Yeon-je | Afp | Getty Images South Korea has asked for “calm” and “orderly” discussions with the U.S. on trade issues, […]
Read More
Trump refutes China’s claim of no trade talks
U.S. President Donald Trump in the Oval Office at the White House. Leah Millis | Reuters President Donald Trump asserted on Thursday that trade talks between the U.S. and China are underway, pushing back against Chinese claims that no discussions have taken place to ease the ongoing trade war. “They had a meeting this morning,” Trump told reporters, declining to say to whom he was referring. […]
Read More
The trade war’s wave of retail shortages will hit U.S. consumers in stages. Here’s when
The Washington Post | The Washington Post | Getty Images Warnings of empty store shelves have been in the headlines as multiple press reports indicate that CEOs of America’s top retail stores told President Trump that a prolonged trade war would lead to shortages. When could that become a reality, and what product categories would […]
Read More
Hasbro forecasts as much as $300 million impact if China tariffs don’t come down
Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023. Brandon Bell | Getty Images If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected […]
Read More
Shares of Gucci-owner Kering drop after first-quarter sales slump
A Gucci luxury boutique in Paris, France, on Tuesday, Oct. 22, 2024. Bloomberg | Getty Images Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead. Revenues at the fashion giant plunged 14% year-on-year in the first quarter to 3.9 billion euros […]
Read More
South Korea’s quarterly GDP contracts for the first time in four years as construction activity plunges
Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Bloomberg | Bloomberg | Getty Images South Korea’s GDP contracted 0.1% year on year in the first quarter, according to advance figures, marking the first contraction in its economy since […]
Read More