U.S. Economy
European Union to launch dispute against U.S. tariffs with World Trade Organization
This photograph shows a European flag flying outside the EU headquarters in Brussels on May 6, 2025. Nicolas Tucat | Afp | Getty Images The European Union’s executive arm on Thursday said it would launch a dispute with the World Trade Organization over the U.S.’s “reciprocal” tariff policy. The European Commission also said it had […]
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Trump’s ambassador to China sworn in ahead of high-stakes talks in Switzerland
U.S. President Donald Trump shakes hands with former U.S. Senator David Perdue during Perdue’s swearing-in ceremony to be the new U.S. ambassador to China, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters President Donald Trump’s pick for U.S. ambassador to China was sworn in on Wednesday, days before […]
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Republican candidate in North Carolina Supreme Court race after judge rejects challenge
Judge Jefferson Griffin, the Republican candidate for the N.C. Supreme Court listens to testimony in Wake County Superior Court on Friday, Feb. 7, 2025, in Raleigh, North Carolina. Griffin trails North Carolina Supreme Court Justice Allison Riggs by 734 votes following two recounts of the November 2024 election results. Robert Willett | Raleigh News & […]
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Fed meeting live updates: Fed flags rising inflation risk, traders await insight from Powell presser
Federal Reserve holds steady on rates once more, as expected Central bank policymakers kept a steady hand on interest rates, maintaining them at the target range of 4.25% to 4.5%. This time, the Federal Open Market Committee noted that it is “attentive the risks to both sides of its dual mandate and judges that the […]
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EU to unveil next steps in U.S. tariff countermeasures on Thursday
Maros Sefcovic, European Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency, speaks to reporters in Singapore on May 7, 2025, after signing of the EU-Singapore Digital Trade Agreement (DTA), a landmark initiative enhancing digital economic cooperation between the European Union and Singapore. Roslan Rahman | Afp | Getty Images The European Union’s executive […]
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Trump downplays tariff deals as U.S. trade talks falter
U.S. President Donald Trump meets with Canadian Prime Minister Mark Carney (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., May 6, 2025. Leah Millis | Reuters “The Art of the Deal” author President Donald Trump said in a surprising comment Tuesday that the United States does not need to “sign […]
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Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows
An empty container ship of COSCO Shipping sails to a container terminal in Qingdao in east China’s Shandong province Wednesday, April 16, 2025. Feature China | Future Publishing | Getty Images What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a […]
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Airfare, produce and TVs: Which prices are falling for consumers
Key Points Consumers are seeing prices fall in certain pockets of the U.S. economy, even as the overall inflation rate remains elevated. Airline fares, produce, consumer electronics and energy are among the broad categories seeing declines, according to the consumer price index. President Donald Trump said Friday that gasoline prices had dipped to $1.98 per […]
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Trump says U.S. girls ‘could be very happy’ with lots fewer dolls under new tariffs
U.S. President Donald Trump speaks with the media aboard Air Force One as he flies from West Palm Beach, Florida en route to Joint Base Andrews in Maryland, on May 4, 2025, returning to the White House after spending the weekend in Florida. Saul Loeb | Afp | Getty Images President Donald Trump again is […]
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Trump, asked if he has to ‘uphold the Constitution,’ says, ‘I don’t know’
U.S. President Donald Trump delivers remarks on the National Day of Prayer, in the Rose Garden at the White House in Washington, D.C., U.S., May 1, 2025. Evelyn Hockstein | Reuters President Donald Trump argued in an interview with NBC News’ “Meet the Press” that fulfilling his ambitious campaign promise to rapidly carry out mass […]
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