United States
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 nomination of Ed Martin for top D.C. federal prosecutor opposed by key Republican
Sen. Thom Tillis, R-N.C., speaks to reporters as he leaves the Senate floor in the U.S. Capitol on Thursday, March 13, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images A key Republican senator on Tuesday said he would not support the controversial nomination of Ed Martin, President Donald Trump’s pick to be the […]
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Trump belittles Canada before Carney meeting: ‘We don’t need ANYTHING they have’
President Donald Trump on Tuesday sharply questioned the United States’ trade relationship with Canada just minutes before he was scheduled to meet Canadian Prime Minister Mark Carney at the White House. Trump said on Truth Social that he was looking forward to meeting and working with Carney, but that he “cannot understand” why the U.S. […]
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UK and India strike a trade deal amid U.S.-led tariff tensions
RIO DE JANEIRO, BRAZIL – NOVEMBER 18: UK Prime Minister Sir Keir Starmer (L) during a bilateral meeting with Prime Minister of India Narendra Modi as he attends the G20 summit at the Museum of Modern Art on November 18, 2024 in Rio de Janeiro, Brazil. Keir Starmer is attending his first G20 Summit since […]
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Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit
The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing […]
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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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Hispanic shoppers are spending less on groceries, putting pressure on consumer companies
Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty Images Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown […]
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Temu and Shein face massive tariffs. But don’t count them out of the U.S. e-tail scene, experts say
Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty Images The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant […]
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CNBC Daily Open: The Trump movie thriller no one wants to watch
An Oscar statue being set up on the red carpet for the 97th Academy Awards at the Dolby Theatre on Feb 28, 2025, in Hollywood, California. Aaronp | Bauer-Griffin | Getty Images Out of all the tariff actions U.S. President Donald Trump has announced, the 100% levy on movies produced outside the U.S. ranks as […]
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CNBC Daily Open: A tariff on movies is a typical Trump cliffhanger
The El Capitan Theatre’s marquee promoting the new Marvel film ‘Thunderbolts’ on May 2, 2025 in Hollywood, California, U.S. AaronP | Bauer-Griffin | Getty Out of all the tariff actions U.S. President Donald Trump has announced, the 100% levy on movies produced outside the U.S. ranks as one of the most bizarre, taking its place […]
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