Key Takeaways The European Central Bank has continued cutting interest rates this year, while its American counterpart, the Federal Reserve, has held them steady. The Fed has been reluctant to cut rates as President Donald Trump imposes tariffs on global trading partners, which could reignite high inflation. European central bankers have been more concerned that
Key Takeaways President Donald Trump’s trade war could make holiday shopping especially expensive for parents of young children. The 145% tariff on Chinese goods could raise the price of toys. More than three-fourths of toys sold in the U.S. are made in China. Toy manufacturers say higher prices and shortages are in store this holiday
Key Takeaways President Donald Trump paused most of his “reciprocal” tariffs this week, leaving many others in place, as a simmering trade war threatens to be a drag on growth and push up prices. A typical household will pay more than $4,000 a year in import taxes even after the pause, one economist estimated. The
Published April 11, 2025 05:01 PM EDT Brendan Smialowski / AFP via Getty Images Key Takeaways Federal Reserve officials are bracing for President Donald Trump’s tariffs to impede both of the central bank’s goals of keeping inflation in check and employment high. Fed officials said tariffs could raise consumer prices, stoking inflation, slowing the economy
Updated April 09, 2025 05:14 AM EDT Mandel Ngan/AFP via Getty Images Key Takeaways The U.S. has imposed heavy tariffs on a multitude of trading partners around the world, dealing a heavy blow to the system of free trade built in the decades since WWII. The “Liberation Day” tariffs, meant to restore U.S. manufacturing to
Key Takeaways President Donald Trump has implemented tariff policies aimed at restoring manufacturing in America. Many of America’s manufacturing jobs went overseas in the 1980s or were replaced by automation. Manufacturing moved because of the pay differentials between countries. But the U.S. is still one of the world’s leading manufacturers—the country just produces more valuable
Key Takeaways President Donald Trump has implemented tariff policies aimed at restoring manufacturing in America. Many of America’s manufacturing jobs went overseas in the 1980s or were replaced by automation. Manufacturing moved because of the pay differentials between countries. But the U.S. is still one of the world’s leading manufacturers—the country just produces more valuable
Key Takeaways President Donald Trump’s “reciprocal” tariffs push the effective U.S. tariff rate to its highest since 1909. The tariffs represent a rollback of the post-WWII economic global trade system, which economists credit with raising U.S. living standards. Many experts expect the policy will push up inflation while dragging down economic growth. President Donald Trump
Key Takeaways Forecasters were revising the outlook for the U.S. economy Thursday, seeing greater recession risks in the wake of Donald Trump’s far-reaching tariffs on trading partners. The tariffs could push up prices, stoking inflation, while at the same time slowing economic growth and raising the chances of the economy nose diving. Economists said the
Key Takeaways President Donald Trump’s tariffs against trading partners announced Wednesday were billed as “reciprocal,” targeting countries that have their own trade barriers against U.S. goods. However, economists and trade experts said that because of the way the White House calculated the rates, these tariffs seem to be based on trade deficits. Trade experts questioned