The White House took a step forward with President Trump’s plan to remake the trade landscape by releasing new details Thursday evening that included a raft of new tariff rates now formally authorized by executive order, which set new levels from 15% to 40% on over 70 countries. The move represents a giant shakeup in…
President Trump is moving forward on a new suite of tariff rates with an approach increasingly focused on grouping countries into tiers, as opposed to a previous approach of simply looking at the trade balance. The new approach remains heavily influenced by either a trade surplus or a deficit but has grown more complex —…
The White House took a step forward with President Trump’s plan to remake the trade landscape by releasing new details Thursday evening that included a raft of new tariff rates, now formally authorized by executive order, which set levels from 10% to 40% on nearly every global trading partner. The move represents a giant shakeup…
US stock futures slipped as the White House began to release the policy consequences of the expiration of President Trump’s trade deadline, including a baseline tariff rate of 10% and increased levies on Canada. Futures attached to the Dow Jones Industrial Average (YM=F) ticked down 0.2%. Futures attached to the benchmark S&P 500 (ES=F) fell…
CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave’s largest customer, accounting for 72% of its revenue in the burgeoning cloud provider’s most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025,…
EDINBURGH, Scotland (AP) — Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House’s deadline to impose stiff tariff rates is looming. Donald Trump played golf Saturday at…
President Trump is once again turning up the tariff dial, but stocks aren’t reacting nearly as strongly as they did back in April. In recent days, Trump has written letters threatening 30% duties on goods from Mexico and the European Union while also warning of 35% tariffs on Canadian imports. On Monday, he added the…