Trump doubles tariffs on steel coming into US
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President Trump and Chinese leader Xi Jinping spoke on Thursday, with tariff and trade talks set to resume next week. Trump said Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer would meet with Chinese counterparts in London on Monday.
7hon MSN
South Korea's new President Lee Jae-myung said he and President Donald Trump agreed to quickly work toward a deal on tariffs in their first phone call since Lee's election victory.
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Alaska Airlines is canceling more than a dozen flights a day as tariffs hinder its ability to accept delivery of new aircraft, according to the carrier.The Seattle, Washington-based airline said it wouldn't immediately accept delivery of two Embraer 175 regional jets in order to avoid incurring the extra tariff-related costs.
Ahead of the release of the May jobs report, more companies are replacing workers with AI, compounding a tough job market and hurting recent grads.
Apparel maker’s stock falls nearly 20% after company lowers its earnings forecast, citing trade war and a pullback in consumer spending.
Lululemon’s stock is on pace for one of its biggest routs in history after the athleisure maker warned that tariffs will dent its profit.
Most Canadians say they plan to shun US travel this summer as the trade war between the two countries continues, according to a poll by Leger Marketing Inc.
Ford CFO Sherry House also discussed what the Dearborn-based automaker is telling Wall Street about upcoming headwinds.
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
The Trump administration’s trade war is hurting low-margin industries such as toy makers, where companies say there are few alternatives to raising prices.