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Economy

China's economy grew 5.4% in the first quarter as exporters rushed to beat Trump’s tariffs

By ELAINE KURTENBACH
Apr 16, 2025 7:04 am - China's economy expanded at a 5.4% annual pace in January-March, the government said Wednesday, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese products.
‘It feels like the end of days’: Trump’s China tariff shocks US importers

By Paul Wiseman and Anne D'Innocenzio
Apr 14, 2025 9:40 am - Rick Woldenberg thought he had come up with a surefire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports.
China’s Xi says there are no winners in a tariff war as he visits Southeast Asia

By HUIZHONG WU and ANIRUDDHA GHOSAL
Apr 14, 2025 7:26 am - China's leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, presenting China as a force for stability in contrast with U.S. President Donald Trump's latest tariffs moves.
Baby boomers again the top home-buying generation, overtaking millennials

By Aaron Wiener
Apr 12, 2025 1:20 pm - High mortgage rates and home prices have shut many younger would-be buyers out of the market, while boomers have so much equity in their homes that many of them are able to sell and then buy with cash.
Tariffs could cost them. They’re still standing by Trump.

By Hannah Knowles
Apr 12, 2025 6:00 am - Kathy McConnell vented about inflation last fall as she waited in line to attend one of Donald Trump’s final rallies in Pennsylvania. Grocery store prices were ridiculous...
Cars to gadgets: What US consumers are losing to Trump tariffs

By Bloomberg News
Apr 12, 2025 6:00 am - While Americans doling out more money for groceries and consumer goods will be the most probable outcome of President Donald Trump’s tariff hikes, it’s not the only one. ...
Major nations agree on first global tax on greenhouse gases with plan that targets shipping

By JENNIFER McDERMOTT and SIBI ARASU
Apr 11, 2025 1:12 pm - Many of the world’s largest shipping nations decided on Friday to impose a minimum tax of $100 for every ton of carbon dioxide emitted by ships, if their planet-heating emissions are not already accounted for, making it effectively the first global tax on greenhouse gas emissions.
US wholesale inflation fell last month as price pressures eased, but trade war clouds outlook

By PAUL WISEMAN
Apr 11, 2025 8:02 am - U.S. wholesale prices fell last month in another sign that inflationary pressures are easing. But President Donald Trump’s trade wars cloud the outlook.
Trump’s tariffs pushed the U.S. uncomfortably close to a financial crisis before pause

By David J. Lynch
Apr 10, 2025 8:27 am - President Donald Trump may have brought the world to the brink of a financial crisis before pausing his tariff war on Wednesday, as the $28 trillion market for Treasury bonds displayed unusual strains in the hours before his change of course.
EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks

By LORNE COOK and DAVID McHUGH
Apr 10, 2025 7:58 am - The European Union’s executive commission said Thursday it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution.

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