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Economy

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.
Inflation fell last month as gas prices dropped sharply, a sign prices cooling before tariffs

By CHRISTOPHER RUGABER
Apr 10, 2025 7:44 am - U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports

By JOSH BOAK
Apr 09, 2025 12:38 pm - Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.
Walmart preps for turbulence, will take hit to keep prices low

By Jaewon Kang
Apr 09, 2025 10:38 am - As tariff-spooked shoppers begin pulling back on spending, Walmart Inc. is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.
How tariffs will impact your dining experience

By Izzy Kharasch
Apr 09, 2025 8:51 am - Just when the restaurant industry thought it had finally recovered from the repercussions of the COVID-19 pandemic, it is facing new headwinds in the form of the tariffs the Trump administration imposed on imports from other countries.
Wall Street's euphoria sends US stocks to historic gains after Trump pauses most of his tariffs

By ELAINE KURTENBACH and MATT OTT
Apr 09, 2025 8:09 am - U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would.
US stocks dive after another stunning reversal as uncertainty reigns about Trump’s tariffs

By STAN CHOE
Apr 08, 2025 8:45 am - U.S. stocks dove Tuesday following another stunning reversal, with Wall Street veering from a huge gain at the opening of trading to more losses at the close, because investors still have no idea what to make of President Donald Trump's trade war, which is scheduled to kick into a higher gear after midnight.
Cracks appear among Trump’s cheerleaders amid market turmoil

By Cat Zakrzewski, Sarah Ellison, Theodoric Meyer
Apr 08, 2025 8:08 am - The criticism is an early sign that the economic turmoil caused by Trump’s trade war could leave lasting political scars for the president.
As China and the US spar, countries brainstorm over how to cope with the trade war

By ELAINE KURTENBACH
Apr 08, 2025 6:59 am - U.S. President Donald Trump and China sparred over tariff hikes and other retaliatory moves on Tuesday, as governments elsewhere were brainstorming strategies to cope with the trade war between the global economic giants.

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