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The Latest Breaking News on US April Inflation Cooled More Than Expected, Despite Tariffs

US April Inflation Cooled More Than Expected, Despite Tariffs

The US Federal Reserve's preferred inflation measure cooled more than expected last month, according to government data published Friday, as President Donald Trump's "liberation day" tariffs on most countries came into effect.

International Business Times

Wallstreet is back as stock market rallies after court invalidates Trump tariff barrage

Can we finally admit the tariffs weren't good for the market?

We Got This Covered

Trump says China ‘totally violated’ tariffs pause deal: ‘So much for Mr. Nice Guy’

Friday Truth Social post also claimed China had been in “grave economic danger” before a deal was reached two weeks ago

The Independent UK

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Tariff Legal Battle Plays Out

Plus: Javier Milei puts state-run TV to good use, Texas' THC antagonism, rent control lunacy, and more...

Reason

Donald Trump accuses China of ‘totally violating’ tariffs deal with US in blow to moves to avoid trade war

Trade talks between Washington and Beijing were said to be a ‘bit stalled’

Evening Standard

Trump Signals Fresh Trade Tensions With China

US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations.

International Business Times

US inflation gauge cools with little sign of tariff impact, so far

A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped

The Independent UK

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Investors may be suffering tariff whiplash but markets are set for solid May gains

As Deutsche Bank's global head of macro research Jim Reid wrote this morning, "Trading and analysing this market successfully requires a lot of luck. Unless of course I get it right and then its skill."

Fortune

Apple Stock Could Rally After Tariffs Are Blocked By Court

Apple Stock might have some renewed upside potential after a federal court rules to block President Trump's tariff plans, removing uncertainty.

MarketBeat

Why Are Traders Mocking Trump with the 'TACO Trade'? — Because His Tariff Threats Keep Fizzling Out

Originating from a Financial Times column by Robert Armstrong, the term has gained traction among investors and analysts who view it as a predictable cycle in Trump's trade approach.

International Business Times UK

First Thing: Trump wins temporary reprieve as he fights against court block on tariffs

President rails against judges who ruled against him as appeals court grants pause until challenge is heard. Plus, what the Guardian’s Jerusalem correspondent learned in four years in the role

The Guardian - UK

Trump blasts his own appointed judge in rant against court’s tariff ruling: ‘Backroom hustlers’

‘Hopefully, the Supreme Court will reverse this horrible, country-threatening decision, QUICKLY and DECISIVELY,’ Trump wrote on Truth Social late Thursday

The Independent UK

Trump has several workarounds to get his tariffs back on track, experts say

One option is to launch investigations into key trading partners to justify tariffs.

Fortune

Trump tariffs can stay in place for now, appeals court rules

Tariff collections can remain temporarily under emergency legislation as the court reviews the government's appeal

Evening Standard

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Euronews

European stocks rise as Trump tariffs are temporarily reinstated

European markets were higher on Friday after an appeals court agreed to pause a trade court ruling that had blocked the enforcement of US President Donald Trump's sweeping trade levies.

People

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