The Latest Breaking News from Economy

Tariffs are back in the headlines this week, with United States President Donald Trump introducing sweeping new tariffs of at least 10% on a vast range of goods imported to the US. For some countries and goods, the tariffs will be much higher.

Tariff hikes announced by U.S. President Donald Trump have provoked dismay, threats of countermeasures and calls for further negotiations to make trade rules fairer

The US president’s announcement has caused market chaos and threatens a trade war and US recession

The dollar index (DXY00 ) Thursday fell sharply by -1.64% and posted a 6-month low. The dollar plummeted Thursday because of concerns that President Trump’s sweeping new reciprocal tariffs will start a trade war that will derail the economy and force the Fed to cut interest rates. Also, Thursday’s plunge...

ANALYSIS: The immediate anger and fallout from Trump’s tariff plan illustrates how a poor U.S. economy could politically isolate the president, writes John Bowden

The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.

The U.S. stock market sold off, along with most global markets as U.S. tariffs rattled the global economy. But a few markets rose.

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious.

May WTI crude oil (CLK25 ) today is down -5.34 (-7.45%), and May RBOB gasoline (RBK25 ) is down +0.1820 (-7.80%). Crude oil and gasoline prices today plunged to 3-week lows on concern that President Trump’s harsher-than-expected reciprocal tariffs will ignite a trade war that derails the global economy and...