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![]() Joseph Zeballos-RoigNew Republic |
The agreement, if confirmed, signals a broader protectionist shift in policy that’s establishing the highest U.S. tariffs in a century
Trump also mulled a new tax break to provide relief on housing prices, though it was unclear how it would be structured
In a new interview, Bessent said he'll be meeting with Chinese officials next week to discuss a trade agreement
The Trump administration shows no signs of de-escalating its crusade against the Fed for holding interest rates steady
Trump has expressed fury at the Federal Reserve for not cutting interest rates. A new report says his Treasury Secretary persuaded him not to fire...
The White House is pushing at least 15% to 20% tariff on all European Union imports, according to a new report
The Federal Reserve chair sent a letter to the White House meant to counter a litany of attacks on the central bank's costly renovation project
Concerns have flared among Republicans that Trump could set off a bond-market meltdown if he tries installing an acolyte before Powell's term ends
Trump praised Scott Bessent as an option to replace Jerome Powell, but said the Treasury Secretary isn't at the top of the list
Trump suggested to a group of GOP lawmakers that he will fire the Fed chair. But he later signaled he would let Powell finish his term
Indonesia is among the top 25 U.S. trading partners, and U.S. trade with the country totaled $38.3 billion last year
The USDA says that U.S. sugar growers lost 15% of the market to imports in the past two decades
A little-noticed import tax on tomatoes from Mexico kicked in on Monday, and experts say shoppers will likely see higher prices
It's a sign that Trump may be inching closer to penalizing Russian President Vladimir Putin after grousing he feels strung along
Fed Chair Jerome Powell has requested a review of the project by the central bank's inspector general as Trump and his allies look for a cause to fire...
Trump's tariff threats are prompting countries to disentangle themselves from the U.S. and buy and sell more elsewhere
It was the latest missive in a week full of tariff saber-rattling. Stocks fell on the latest trade tensions
Libya, Iraq, the Philippines and Algeria are among the countries targeted in Trump's latest tariff threats
The Yale Budget Lab analysis calculated the impact of tariffs on consumers, as well as on the current tariffs levied on Vietnam, China, and others
Trump suggested that pharmaceutical manufacturers will have up to 18 months to build a new U.S. supply chain and avert a tariff that could total 200%
The White House sent letters threatening tariffs on South Korea, Japan and other countries. But the door was left open to negotiate out of them by...
Remarks by Trump and Treasury Secretary Scott Bessent signaled that a July 9 deadline may be extended to avoid triggering market disruption
Almost every House Republican who lambasted the legislation ended up voting for it, a testament to Trump's solidified grip over the party.
The provision in the GOP's megabill is seen as part of Trump's immigration crackdown. But it could eventually increase illegal migration to the U.S.
It was an unusual outcome for a Trump-backed spending bill, one that raised eyebrows about unintended consequences from the GOP's sprint to the finish
The provision stirred opposition from governors in both parties as well as state officials who warned the AI sector was escaping accountability
Trump floated having the Department of Government Efficiency scrutinize the billionaire who launched it — and pointedly didn't rule out deporting Musk
Trump's diatribe was an extension of his long-running campaign against the Fed for not cutting interest rates
The White House took a victory lap after the Canadian reversal. Now the U.S. and Canada want to lock in a trade deal by July 21
Trump said his trade negotiating team still prefers to cut deals over issuing letters amounting to a take-it-or-leave-it diktat
Senate Republicans are in the middle of muscling through their bill over united Democratic opposition
The measure had attracted considerable scrutiny from investors who feared it would diminish appetite for foreign investment in the U.S
Negotiations toward a broader trade deal are ongoing, but the initial accord could help reduce economic tensions that had reached a boiling point
The president also threatened to impose another round of tariffs, injecting fresh turmoil into U.S. relations with one of its biggest trading partners
Republicans are relying on a special budget trick to wipe away the cost of their tax package. Even some GOP experts are crying foul
Jamie Dimon has warned of a backlash in financial markets as a response to the U.S's worsening fiscal picture
Little from the central bank chief's testimony on Capitol Hill suggested that he would give a thumbs-up to lowering borrowing costs next month
A collection of large insurers including Humana, Cigna, UnitedHealthcare, and Blue Cross Blue Shield are pledging to cut red tape
Fed Governor Michelle Bowman said tariffs haven't provoked a sustained spike in prices and there's been less volatility than many economists feared
A Trump administration official said the administration will remain in "close coordination" with key oil producers
Bill Pulte, director of the Federal Housing Finance Agency, demanded Powell's resignation in a Fox Business interview
Federal Reserve Governor Christopher Waller argued for a July interest rate cut since he doesn't expect a tariff-induced inflation spike to linger
A Senate official decided that Republicans can't nix the Consumer Financial Protection Bureau in their big bill
The digital asset sector has long craved legitimacy through federal regulation
The trustees warned that Social Security's depletion date moved up by two years since the previous report
The president insulted Powell anew and toyed with installing himself as Fed leader before the central bank again held rates steady
Trump has been comfortable deploying the power of government to achieve specific economic outcomes, diverging from the GOP's traditional free-market...
U.S. trade negotiations with China entered their second day on Tuesday, as U.S. officials expressed optimism on the direction of the talks aimed at...
Auto companies are feeling the hit from recent Chinese export controls on rare earth magnets.Read more...
Anthropic CEO Dario Amodei is pushing back against Republican efforts to impose a decade-long ban on states regulating artificial intelligence...