U.S. Economy
Judge finds probable cause to hold Trump administration in criminal contempt in deportation flights case
U.S. President Donald Trump arrives for a presentation of the Commander-in-Chief trophy to the U.S. Navy Midshipmen football team of the United States Naval Academy, at the White House in Washington, D.C., U.S., April 15, 2025. Evelyn Hockstein | Reuters A federal judge found probable cause to hold the Trump administration in criminal contempt for […]
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How investors are positioning ahead of a big March retail sales report
Tariffs and trade policies have been dominating the market action since April 2, but the March retail sales report still has the potential to impact investor confidence and positioning. Economists see sales rising 1.2% month over month, according to Dow Jones. A pull-forward of spending by consumers in an attempt to get ahead of higher […]
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Harvard University rejects Trump DEI demands, imperiling $9 billion in federal funding
A person runs past Dunster House at Harvard University in Cambridge, Massachusetts, March 17, 2025. Scott Eisen | Getty Images Harvard University on Monday rejected demands by the Trump administration to eliminate its DEI programs and screen international students for ideological concerns, putting nearly $9 billion in federal funding for the university at risk. “No […]
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Trump tariffs won’t lead supply chains back to U.S. but companies will go low-tariff globe-hopping: CNBC survey
A worker rests in a factory making steel bike rims for export to the U.S. in Hangzhou in east China’s Zhejiang province Friday, April 11, 2025. Feature China | Future Publishing | Getty Images If China is going to lose some manufacturing as a result of President Trump’s tariffs, the U.S. manufacturing sector won’t be […]
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Chinese exchanges restrict daily stock sales as trade war with U.S. escalates, sources say
A screen showing the Shanghai composite index (top), Shenzhen component index (C) and Beijing stock exchange 50 index (bottom) in Jing’an district in Shanghai on April 9, 2025. Hector Retamal | Afp | Getty Images Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said […]
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Trump Commerce chief fuels tariff confusion, saying exemptions for phones, computers and other electronics are not permanent
U.S. Commerce Secretary nominee Howard Lutnick speaks inside the Capital One arena on the inauguration day of Donald Trump’s second presidential term, in Washington, U.S., January 20, 2025. Mike Segar | Reuters President Donald Trump’s Commerce Secretary Howard Lutnick suggested Sunday that the reciprocal tariff exemptions for some electronics may be short-lived, and said separate […]
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China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs
China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China. “We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its […]
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Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses
Container vessels and shipping containers at Yangshan Deep-Water Port on Oct. 18, 2024, in Shanghai, China. Vcg | Visual China Group | Getty Images Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for much of the U.S. economy and small business owners, […]
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Trump exempts phones, computers, chips from new tariffs
Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection. The guidance comes after Trump earlier this month imposed 125% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which make most of […]
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How China used Vietnam to evade higher U.S. tariffs
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
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