Paul Wiseman

FILE – Empty shopping carts are collected from the parking lot at Walmart store in Burbank, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)

President Donald Trump’s massive import taxes haven’t done much economic damage — yet

May 19, 2025 at 9:53 a.m.

Trump’s tariffs are still huge – the highest since the Great Depression of the 1930s. They’re unpredictable: The president frequently announces tariffs only to suspend them days later and to...

The U.S. Capitol building seen on Feb. 10, 2025, in Washington, D.C. (Brian Cassella/Chicago Tribune)

Moody’s strips U.S. government of top credit rating, citing Washington’s failure to rein in debt

May 17, 2025 at 9:39 a.m.

Moody’s Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments’ failure to stop a rising tide of debt.

Switzerland’s Economy Minister Federal Councillor Guy Parmelin, left, shakes hands with Chinese Vice Premier He Lifeng, right, next to Switzerland’s President Karin Keller-Sutter, center, during a bilateral meeting between Switzerland and China, in Geneva, Switzerland, on Friday, May 9, 2025. (Martial Trezzini/Keystone via AP, Pool)

US-China tariff talks to continue Sunday, an official tells The Associated Press

May 10, 2025 at 2:28 p.m.

Sensitive talks between U.S. and Chinese delegations over tariffs that threaten to upend the global economy ended after a day of prolonged negotiations and will resume Sunday, an official told...

President Donald Trump speaks as he signs executive orders in the Oval Office of the White House, Thursday, April 17, 2025, in Washington, as Commerce Secretary Howard Lutnick listens. (AP Photo/Alex Brandon)

President Trump claims this is Biden’s economy, but businesses and economists beg to differ

May 1, 2025 at 5:29 p.m.

When the stock market fell Wednesday on news that the American economy had gone backward during the first three months of 2025, President Trump knew exactly who to blame: Biden.

FILE – Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China’s Guangdong province, April 17, 2025. (AP Photo/Ng Han Guan, File)

President Donald Trump’s tariffs loom over the economy as shipments from China fall

April 30, 2025 at 12:05 p.m.

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.

Truck await to load shipping containers at the Port of Los Angeles Wednesday, April 9, 2025, in Los Angeles. (AP Photo/Damian Dovarganes)

President Donald Trump reverses tariffs that caused market meltdown, but companies remain bewildered

April 10, 2025 at 6:25 a.m.

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating...

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Mark Schiefelbein)

President Donald Trump disrupts global economic order even though the US is dominant

April 9, 2025 at 12:42 p.m.

By declaring a trade war on the rest of the world, President Donald Trump has panicked global financial markets, raised the risk of a recession and broken the political and...

President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Evan Vucci)

What to know about President Donald Trump’s vast new tariffs

April 3, 2025 at 9:21 a.m.

After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher...

House Majority Whip Tom Emmer, R-Minn., walks with reporters on the way to a closed-door Republican Conference strategy session, at the Capitol, in Washington, Tuesday, April 1, 2025. (AP Photo/J. Scott Applewhite)

Trump’s ‘Liberation Day’ is unlikely to free businesses from uncertainty surrounding trade policy

April 1, 2025 at 3:28 p.m.

President Donald Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the United States.

FILE – President Donald Trump walks from the Oval Office to depart on Marine One on the South Lawn of the White House in Washington, Feb. 28, 2025. (AP Photo/Ben Curtis, File)

Trump vows to take back ‘stolen’ wealth as tariffs on steel and aluminum imports go into effect

March 12, 2025 at 3:20 p.m.

President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday.

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