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Economy

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.
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.

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