WASHINGTON (AP) — As President Donald Trump tries to turn his global trade war into a one-on-one showdown with China, he is finding that he has alienated some key U.S. partners who could boost America’s position in a fight between the world’s largest and second-largest economies. For more than a decade, American leaders, including Trump,…
WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S….
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Billionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 3, 2025. Brendan McDermid | Reuters U.S. stock futures dropped on Sunday evening as the White House remained defiant even after a two-day historic stock market rout that followed President Donald Trump’s rollout of shockingly high…
FORT LAUDERDALE, Fla. (AP) — Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump’s new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. The higher rates are set…
4/6: Face the Nation – CBS News Watch CBS News This week on “Face the Nation with Margaret Brennan,” Commerce Secretary Howard Lutnick and Sen. John Barrasso discusses the new tariffs announced by President Trump. Rep. Don Bacon and Sen. Maria Cantwell discusses a measure in Congress to claw back its authority over trade and…
HANOI (Reuters) – U.S. and Vietnamese businesses have asked the Trump administration to delay its planned 46% tariff on Vietnamese goods, saying the levy will hurt them and bilateral commercial relations. The Vietnam Chamber of Commerce and Industry and the American Chamber of Commerce in Hanoi expressed concern to Commerce Secretary Howard Lutnick in a…
(Reuters) – Analysts at Cantor Fitzgerald, formerly headed by the Trump administration’s Secretary Of Commerce Howard Lutnick, called for the dismissal of Secretary of Health and Human Services Robert F. Kennedy Jr. Kennedy, a well-known vaccine skeptic, last week announced plans to reshape the federal public health agencies that could involve firing thousands of workers….
The US is picking up the pace of export restrictions and more could soon be on the way, a Chinese observer said on Wednesday after the White House ordered the first Trump 2.0 tech export controls against China. US President Donald Trump could also be using the controls to extract tangible gains, aligning with his…
NEW YORK (AP) — When a White House adviser in the first Trump administration told TV viewers to “Go buy Ivanka stuff,” top government lawyers sprang into action, telling her she had violated ethics rules and warning her not to do it again. Government ethics experts have varying opinions on whether the 2017 criticism of…