Money

By Reuters (Reuters) — DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as US customs regulatory changes have lengthened clearance. The notice on the company website was not dated, but its metadata showed it was compiled

By Nayeli Jaramillo-Plata, CNN (CNN) — Before you hop out the door this Easter Sunday, it may be worth checking what’s open as some places aren’t cracking their doors. Easter falls on April 20 this year. While it’s not a federal holiday, it’s widely observed across the United States, and many businesses either close or

By Allison Cho and Ramishah Maruf, CNN (CNN) — In Flushing, Queens, fresh produce, soy sauces and seaweed-flavored snacks line the aisles at Chang Jiang Supermarket. Chang Jiang sits amid a row of stores in this majority-Asian community, where colorful storefronts feature signs in Chinese and fresh fruit is sold in boxes on the sidewalk.

By Elisabeth Buchwald, CNN New York (CNN) — There could very soon be a new biggest credit card company in the United States. Capital One (COF) received approval from the Federal Reserve’s Board of Governors and the Office of the Comptroller of the Currency to acquire and merge with Discover Financial Services (DFS), the agencies

By Alexandra Skores, CNN (CNN) — If you’ve received a text claiming you owe unpaid tolls, you’re not alone. Over 60,000 complaints were made to the FBI’s Internet Crime Complaint Center last year about unpaid toll scams. People all over the country are being contacted, mostly via text messages, and being told they owe money

By Nayeli Jaramillo-Plata, CNN (CNN) — Americans are nervous about their investment portfolios, and it’s easy to see why, given escalating trade tensions and gloomy economic forecasts. The probability of a US recession within the next 12 months has jumped to 45% from 25% last month — the highest since December 2023, a recent Reuters

By Bryan Mena and Elisabeth Buchwald, CNN Washington/New York (CNN) — President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast enough” and saying in an Oval Office event that Powell will “be out of there

By Kathleen Magramo and Anna Cooban, CNN (CNN) — The United States has unveiled plans to impose new port fees on Chinese ships, saying it aims to revive American shipbuilding against China’s dominance in the industry. President Donald Trump has embarked on a sweeping trade war with China, a move his administration portrays as a

CNN Jade Walker, CNN (CNN) — President Donald Trump announced on social media this week that grocery prices are “going down.” But that doesn’t seem to be the case in my neck of the woods (nearly $11 for a bag of Ghirardelli semisweet chocolate chips? Seriously?). CNN did a fact-check and it turns out Trump’s

By Chris Isidore, CNN (CNN) — Ford is warning its dealers that tariffs will likely raise prices in the coming months, the latest impact the import taxes will have on Americans’ finances. President Donald Trump’s 25% tariffs on all imported cars went into effect April 3. In a memo to Ford dealers first reported by

By Samantha Delouya, CNN (CNN) — Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac said Thursday. That’s the largest one-week jump in

By Brian Fung and Clare Duffy, CNN New York (CNN) — Google has illegally built “monopoly power” with its web advertising business, a federal judge in Virginia has ruled, siding with the Justice Department in a landmark case against the tech giant that could reshape the basic economics of running a modern website. The ruling

By John Towfighi, CNN New York (CNN) — US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell. Stocks initially wavered Thursday morning after Trump called for Powell’s “termination” for not cutting interest

By Jordan Valinsky, CNN New York (CNN) — When Coca-Cola fully took control of BodyArmor in 2021 in a $5.6 billion deal, the company had the goal of it “becoming the #1 global sports drink,” toppling PepsiCo’s Gatorade from its top-selling position. About four years later, BodyArmor remains stuck behind rival Gatorade and sister brand

By Anna Cooban, CNN London (CNN) — The European Central Bank cut its main interest rate by a quarter of a percentage point Thursday, citing growing trade tensions after US President Donald Trump’s tariffs sparked a global trade war. While the 20 countries that use the euro have built up “resilience against global shocks,” the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on

By Jordan Valinsky, CNN New York (CNN) — Taco Bell is bringing back crispy chicken nuggets — and this time the chain promises there won’t be a near-instant sell out. Beginning April 24, chicken nuggets return to Taco Bell nationwide for an eight-week run. However, the company is exclusively revealing to CNN that the nuggets

By Clare Duffy, Auzinea Bacon, Lisa Eadicicco and Emily Condon, CNN Washington DC (CNN) — CEO Mark Zuckerberg defended Meta’s acquisition of Instagram and WhatsApp on the stand this week during the start of trial over the blockbuster antitrust lawsuit brought by the Federal Trade Commission. But, it turns out, Zuckerberg predicted that he might

By Matthew Kaufman, CNN New York (CNN) — Tens of thousands of people likely got a break from their afternoon meetings on Wednesday when Zoom outages prevented users from joining meetings and accessing the website. Disruptions peaked shortly after 3 p.m. ET, and service appeared to be mostly restored roughly two hours later, according to

By John Towfighi, CNN New York (CNN) — US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow tumbled 700 points, or 1.73%. The broader S&P 500 fell 2.24%. The tech-heavy Nasdaq Composite tumbled 3.07%. “The

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t

By Lisa Eadicicco, CNN New York (CNN) — Those shopping for a new smartphone or computer may be spared from tariff-induced sticker shock. At least, for now. President Donald Trump issued a memorandum on April 11 saying certain electronics — including computers, smartphones and some components — won’t be subject to the reciprocal tariffs imposed

By Anna Cooban, CNN London (CNN) — President Donald Trump’s global trade war will hurt economies around the world this year, including the US, according to a new report by the World Trade Organization. The WTO projects global economies will grow more slowly than they would without tariffs — and that will be especially the

By Jordan Valinsky, CNN New York (CNN) — The collapse of Party City is giving Michaels an opportunity to expand its selection of balloons and other celebration-themed supplies. Michaels, the retailer best known for selling arts and crafts supplies, announced Tuesday that it’s expanding its party supply offerings with the addition of 300 new balloon

By Brian Stelter, CNN (CNN) — America’s two biggest public broadcasters, PBS and NPR, are facing an up-or-down vote over their federal funding for the first time in decades. The Trump administration sees it as a worthwhile cultural fight, casting PBS and NPR as wastes of money that “spread radical, woke propaganda disguised as ‘news’”

By Tami Luhby, CNN (CNN) — President Donald Trump’s promise to impose tariffs on pharmaceutical imports is raising red flags among generic drugmakers and industry experts, who warn that such a move could lead to increased drug shortages and higher prices. Generic drug manufacturers have had to contend with increasing competition and tight profit margins

By Ramishah Maruf, CNN New York (CNN) — China is taking the trade war to a new battleground: America’s TikTok feeds. Chinese suppliers have been flooding American social media this week, urging users to outflank President Donald Trump’s 145% tariffs on Beijing by buying directly from their factories. One TikTok user, who goes by Wang

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump is using tariffs to disrupt nearly everything about the global trade order. Except for a tariff policy that favors men over women. For decades, the US tariff system has taxed women’s clothing more heavily than men’s. Tariffs on women’s clothing are currently about three

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers skyrocketed last month at the strongest monthly pace in more than two years as Americans rushed to beat President Donald Trump’s massive tariff hikes. Retail sales climbed 1.4% in March from the prior month, the Commerce Department said Wednesday, up from February’s 0.2% gain

By John Liu, John Towfighi and Anna Cooban, CNN (CNN) — Nvidia is caught in the middle of an escalating trade war between the world’s two largest economies. Nvidia on Tuesday said it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to

By Christian Edwards, CNN London (CNN) — Britain’s parliament is only recalled at times of national crisis. But when lawmakers were brought back from their Easter vacation last weekend, the cause was not a war, terror attack or the death of a monarch – but the potential closure of a steel plant in northern England.

By Juliana Liu and John Liu, CNN Hong Kong (CNN) — China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect, and sent an upbeat message about how it plans to weather an ongoing trade war with Washington. Growth

By Chris Lau, CNN Hong Kong (CNN) — Hong Kong’s postal service will stop handling packages coming from or going to the United States, in the latest retaliatory move amid an escalating trade war between Washington and Beijing. In a statement published Wednesday announcing the decision, the government of Hong Kong cited US President Donald

By Brian Stelter and Samantha Waldenberg, CNN (CNN) — Instead of restoring access to The Associated Press newswire, as required by a federal judge, the Trump administration is removing the wire position in the daily press corps rotation altogether. The change appears designed to withstand legal scrutiny while still disadvantaging The AP, which was singled

By Ramishah Maruf, CNN New York (CNN) — It’s no secret that since the Supreme Court’s decision in the Citizens United v. FEC, deep-pocketed donors and super PACS have poured money, and influence, into politics. Regarding the uber-wealthy people who have entered positions of power in the country in an interview with CNN’s Abby Phillip

By James Frater and Olesya Dmitracova, CNN London (CNN) — The European Union has announced it will impose retaliatory tariffs on American toilet paper, soybeans, eye makeup and hundreds of other products if trade negotiations with the United States aren’t successful. The bloc of 27 countries published Monday a long list of US products, most

By Alicia Wallace, CNN (CNN) — President Donald Trump is forging ahead with his aggressive tariff campaign, moving on from “reciprocal” tariffs to the sector-specific tariffs he promised. To do so will involve Trump’s continued application of Section 232 of the Trade Expansion Act of 1962, which allows a president to impose tariffs to protect

By Chris Isidore, CNN (CNN) — Shares of Boeing fell Tuesday following a report that China has halted the delivery of all its jets to airlines in the country as part of an escalating trade war that has enveloped the world’s two biggest economies. Boeing (BA), a component of the Dow Jones Industrial Average, fell

By Nectar Gan and John Liu, CNN Hong Kong (CNN) — Less than a year into Donald Trump’s first trade war with China, Chinese leader Xi Jinping made a high-profile visit to an unassuming factory in Ganzhou, an industrial city nestled among rolling hills in the country’s southeast. Touring its exhibition hall in 2019, Xi

By Jordan Valinsky, CNN New York (CNN) — Chili’s is ratcheting up its fight against fast food rivals with a new cheeseburger that might make McDonald’s call their lawyers. The chain is rolling out Tuesday the Big QP burger, which not only has a similar name to McDonald’s Quarter Pounder but also the same toppings:

By Jordan Valinsky, CNN New York (CNN) — American Airlines will soon offer free Wi-Fi on most of its flights, becoming the latest major carrier to add the perk. Beginning in January 2026, members of the airline’s free loyalty program will have access to the perk. Wi-Fi will be available on 90% of its fleet

By Jordan Valinsky, CNN New York (CNN) — Starbucks is updating its uniform policy, emphasizing the appearance of its recognizable “green aprons” as part of CEO Brian Niccol’s broader plans to revive the slumping brand. Beginning May 12, baristas at stores in North America will have to wear solid black tops under their aprons, a

By Jeanne Sahadi, CNN (CNN) — Congratulations for getting your taxes done and filed. If you’re in line for a refund — or already have received one — you’re in good company. A majority of US filers typically do get money back. And this year is no exception. Based on the latest data from the

CNN By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to

By Matthew Kaufman, CNN (CNN) — A group of US businesses filed a lawsuit Monday arguing that President Donald Trump’s tariffs are illegal under the International Emergency Economic Powers Act (IEEPA). The suit was filed in the US Court of International Trade by the Liberty Justice Center, a legal advocacy group arguing on behalf of

By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to be

By Alicia Wallace, CNN (CNN) — Not since the early weeks of the pandemic have Americans been this certain that unemployment will spike. Consumers surveyed by the Federal Reserve Bank of New York in March put a 44% probability on the nation’s jobless rate being higher a year later, marking the highest level since April

By John Towfighi, CNN New York (CNN) — US stocks rose Monday as traders rallied on the Trump administration’s exemption for tariffs on smartphones, computers and various electronics imported from China. The Dow rose 312 points, or 0.78%. The broader S&P 500 rose 0.79%. The tech-heavy Nasdaq Composite gained 0.64%. All three major indexes closed

By John Liu and Anna Cooban, CNN Hong Kong/London (CNN) — Billionaire Ray Dalio says President Donald Trump’s tariff war has helped push America close to a recession — or perhaps even “something worse.” “Right now, we are at a decision-making point and very close to a recession,” the founder of Bridgewater Associates, one of

By Clare Duffy, CNN New York (CNN) — “Need an Uber Eats account in Jacksonville, FL ASAP.” “I have one.” “Looking for an Uber eats account to rent in Virginia.” “Available.” Those exchanges were found on a public Facebook group with more than 22,000 members called “UBER ACCOUNT FOR RENT WORLDWIDE.” It’s just one of

By Brian Stelter, CNN (CNN) — Meta is going on trial starting Monday. The US government is advancing a blockbuster antitrust case, alleging that Mark Zuckerberg’s company illegally built a “social networking monopoly” through years of “anticompetitive conduct.” If the judge sides with the government, Meta could be forced to break itself up by selling

By Chris Isidore, CNN (CNN) — Much of President Donald Trump’s tariff rhetoric has been about restoring factory jobs — particularly auto jobs — that he says had been destroyed by bad trade deals such as the North American Free Trade Agreement. “American steelworkers, auto workers, farmers and skilled craftsmen … they really suffered gravely,”

By Samantha Delouya, CNN (CNN) — When Jill Langen decided to list her Clarkston, Michigan, home of 25 years for sale last month, she did it without the help of a real estate agent. Seven days later, she had an agreement signed with a buyer and her home was off the market. Langen’s decision to

By John Liu, CNN Hong Kong (CNN) — An annual global trade fair has kicked off in Hong Kong with no shortage of fanfare – featuring robots flexing, dazzling new products and excited crowds packing the convention halls. But uncertainty over how the US-China tariff war may pan out cast a shadow over what is

By Auzinea Bacon, CNN (CNN) — Stock futures rose Sunday after a temporary reprieve from tariffs on electronic imports from China by the Trump administration. Dow futures were up 0.5%, or 212 points. The S&P 500 futures rose 0.75%, while the tech-heavy Nasdaq Composite futures gained 1.26%, as of 6:18 pm ET. The Trump administration

By Auzinea Bacon, CNN (CNN) — Commerce Secretary Howard Lutnick said the Trump administration’s decision on Friday to exempt electronic devices — like smartphones, iPhones and laptops — from tariffs was only a temporary reprieve but those products will face separate levies, adding more confusion to an already chaotic rollout of tariffs on Chinese goods.

By Jordan Valinsky, CNN New York (CNN) — Record-high egg prices are probably forcing some people (or bunnies) to search for less-expensive alternatives this Easter. How about marshmallows? After all, the white coating makes it easy to dye, and priced around $2 a bag, the fluffy treats are more cost-efficient than their hard-shelled lookalikes. The

By Rosa de Acosta, CNN (CNN) — US President Donald Trump has imposed an additional 145% tariffs on all Chinese imports despite pausing his “reciprocal” levies on all other countries in a stunning reversal last week. But China is not backing down, saying it will “fight to the end” if Trump continues to escalate what

By Jeanne Sahadi, CNN (CNN) — It’s April 15 — otherwise known as “Tax Day” in the United States. While the IRS has already received a majority of the 2024 federal income tax returns typically filed by Tax Day — 101.422 million as of April 4, to be precise — US tax filers are expected

By Auzinea Bacon, CNN (CNN) — Electronics imported to the United States will be exempt from President Donald Trump’s reciprocal tariffs, according to a US Customs and Border Protection notice posted late Friday. Smartphones, computer monitors and various electronic parts are among the exempted products. The exemption applies to products entering the United States or

By Leigh Waldman and Joel Williams, CNN (CNN) — For nearly 30 years, Kevin Keyes and his brother-in-law Bob Chambers have run Dry Brook Sugar House in Salem, New York. Dry Brook Sugar House is nestled amid maple forests on the border of New York and Vermont. During this year’s maple season, which can run

By Elisabeth Buchwald, CNN (CNN) — Toys made in China have been exempt from tariffs since President Donald Trump’s first term. That is no longer the case. Last month, Trump raised tariff rates on China to 20%, dealing a big blow to the toy industry. But he didn’t stop there. Just a few weeks later,

By Lou Robinson, Rosa de Acosta, Elisabeth Buchwald, Soph Warnes and Rachel Wilson, CNN (CNN) — President Donald Trump and Chinese President Xi Jinping are about to meet in person for the first time in six years. The meeting in South Korea comes after months of intense back-and-forths between the leaders of the world’s two

CNN By David Goldman and John Towfighi, CNN (CNN) — President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the

By Bryan Mena, CNN Washington (CNN) — Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during

By Alicia Wallace, CNN (CNN) — US wholesale prices fell last month, new data showed Friday, an indication that inflationary pressures weren’t necessarily building before they reach the consumer. The better-than-expected Producer Price Index reading — which showed that the prices paid to producers fell 0.4% in March from the month before and slowed sharply

By David Goldman and John Towfighi, CNN (CNN) — President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the most

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump’s deportation push is spooking Latino customers and hurting beer sales, according to Modelo and Corona owner Constellation Brands. Since taking office, Trump and his team have enacted aggressive measures to crack down on immigration, including invoking a rarely used wartime authority. The Trump administration

By Ramishah Maruf, CNN New York (CNN) — Retailers are freaking out over tariffs. President Donald Trump’s tariffs, if enacted after the 90-day suspension, will impact some of the biggest textiles exporters, including Bangladesh, Vietnam and Pakistan. The United States Fashion Industry Association — a trade organization representing the interests of importers, wholesalers and major

By Chris Isidore, CNN (CNN) — While the White House wages a trade war on behalf of US manufacturing, the largest and most important part of the American economy — one that has a trade surplus, not a gap — is under threat. The US trade gap, caused by American consumers and businesses importing more

By John Towfighi, CNN New York (CNN) — Global markets are reeling over President Donald Trump’s haphazard approach to tariffs and an escalating trade war with China. Stocks have been volatile, and an unsettling shift has emerged in the bond market. Earlier this week, as stock markets around the world declined, US Treasuries also sold

By Jordan Valinsky, CNN New York (CNN) — Amazon shoppers can likely expect some prices to rise due to the ongoing global trade war, the company’s CEO admitted. The online retailer’s network of third-party sellers “will pass that cost on,” Andy Jassy said Thursday on CNBC, in response to the impact of tariffs affecting product

By Alicia Wallace, CNN (CNN) — Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves. In any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging. Instead, Thursday’s Consumer Price Index report

By Samantha Delouya, CNN (CNN) — In 1970, more than a quarter of American workers held jobs in the manufacturing sector. Today, it’s only about 8%. The Trump administration says sweeping tariffs will reverse this decades-long decline. But a vision of reinvigorated factory towns and assembly lines that defined America 50 years ago may be

By David Goldman and John Towfighi, CNN New York (CNN) — The US stock market tumbled deeply into the red on Thursday as the White House clarified its plan for a massive 145% tariff on China, escalating a trade war. The Dow, after rising nearly 3,000 points Wednesday, had a volatile day in the red

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump’s auto tariffs are expected to lift car prices by thousands of dollars. That’s an opportunity for America’s trains and buses. Public transit advocates hope soaring car costs will push more people to the US transit system and spur government investment to improve service. Trump’s

By Christian Edwards, Thom Poole and James Frater, CNN London (CNN) — The European Union has announced a 90-day pause on countermeasures against the United States, a day after President Donald Trump unveiled a similar pause on his “reciprocal” tariffs. “We want to give negotiations a chance,” European Commission President Ursula von der Leyen said

By Lisa Eadicicco, CNN New York (CNN) — If paying $1,000 for a new iPhone already sounded expensive, consumers should brace for even greater sticker shock later this year. President Donald Trump’s tariffs on foreign goods – specifically those sourced from China – are expected to heighten the prices of everyday tech products, from iPhones

By Clare Duffy and Alex Matthews, CNN New York (CNN) — Silicon Valley leaders donated to President Donald Trump’s campaign or inaugural fund. They visited him at Mar-a-Lago and sat front-and-center as he was sworn into office. But in the first three months of his presidency, their wallets have taken a hit from his policies.

By Jordan Valinsky, CNN New York (CNN) — JCPenney’s fledgling parent company, Catalyst Brands, is undergoing the second round of layoffs of its corporate employees as part of an ongoing review of the newly formed business. Catalyst said in a statement on Wednesday that it’s in the “early stages of our integration” and that following

By Elisabeth Buchwald and Kevin Liptak, CNN (CNN) — President Donald Trump announced a complete three-month pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China, a stunning reversal from a president who had insisted historically high tariffs were here to stay. But enormous tariffs will remain on

By Jeanne Sahadi, CNN (CNN) — There is just under a week left before the official April 15 tax filing deadline. More than half of all expected federal tax returns have been filed – nearly 90 million as of March 28, according to the latest filing statistics from the Internal Revenue Service. If yours isn’t

By Ramishah Maruf, CNN New York (CNN) — The beauty stores in Manhattan’s Koreatown are packed, even on a rainy Tuesday afternoon. But this time, an associate that spoke to CNN in one of the stores had some warnings: One popular sunscreen had changed its formula since it’s now manufactured in the United States. Another

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, the largest retailer in the world, pulled its financial guidance for the quarter because of uncertainty over the impact of sweeping tariffs on China, Vietnam and other global sources of goods. Walmart said Wednesday it was unsure of its operating profit for the first quarter of

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s top trade official said he wasn’t informed of the 90-day pause on most new tariffs until after it was announced. At the same moment that US Trade Representative Jamieson Greer was defending Trump’s stiff tariffs during a House hearing, Trump said on his social media

By Chris Isidore, CNN (CNN) — Delta Air Lines warned that revenue could fall in the current quarter and that “growth has largely stalled,” as its CEO warned that he’s concerned the economy is likely to fall into a recession. The airline attributed the weakness in its guidance to “broad economic uncertainty around global trade.”

By Nectar Gan and Juliana Liu, CNN Hong Kong (CNN) — China unveiled retaliatory tariffs of 84% on imports of US goods on Wednesday, matching additional tariffs imposed by US President Donald Trump earlier in the day and further inflaming a trade war between the world’s two biggest economies. Trump’s sweeping “reciprocal” tariffs took effect

By Alicia Wallace, CNN (CNN) — “Liberation Day” came and went, with President Donald Trump’s sweeping new tariffs battering markets, unsettling the global order, and prompting businesses and households to reconsider their spending. And it’s far from over. There’s the immediate aftermath: Trump’s actions, based on economically questionable math, have triggered retaliatory tariffs, stoked trade

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump, during his announcement last week of sweeping tariffs on countries around the world, called groceries an “old-fashioned” and “beautiful term.” But his policies will make America’s groceries more expensive today, supermarket executives and food industry experts say. Supermarkets sell imported items in every section

By Nectar Gan, CNN Hong Kong (CNN) — China has promised to take “resolute and effective measures” to safeguard its rights and interests, hours after US President Donald Trump’s 104% tariffs on Chinese imports took effect on Wednesday. “The United States is still imposing arbitrary tariffs on China and relentlessly applying extreme pressure. China firmly

CNN By John Liu, CNN (CNN) — US President Donald Trump has boasted “jobs and factories will come roaring back” as he unleashed unprecedented tariffs around the world during his “Liberation Day” address. With his sweeping global tariffs now in effect, steep price hikes on products ranging from clothing to electronics could largely be borne

By John Liu and Lisa Eadicicco, CNN (CNN) — US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month. But there’s one product the president is particularly eager to produce in the US: iPhones. “I have long ago

By Elisabeth Buchwald, CNN New York (CNN) — Despite rattled financial markets, threats of retaliation and some of President Donald Trump’s biggest supporters encouraging him to back off his signature economic policy, he didn’t give in. His administration piled on heaps of new “reciprocal” tariffs Wednesday on dozens of American allies and adversaries alike, aiming

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second term. China was already set to

CNN By Elisabeth Buchwald and Nectar Gan, CNN New York/Hong Kong (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second

CNN By Hadas Gold, CNN New York (CNN) — Elon Musk took another jab at President Donald Trump’s senior trade adviser Peter Navarro Tuesday, calling him a “moron” on social media as the Tesla CEO further splits from the White House’s tariffs plan. Musk’s remarks were in response to a CNBC interview with Navarro on

By Hadas Gold, CNN New York (CNN) — Elon Musk took another jab at President Donald Trump’s senior trade adviser Peter Navarro Tuesday, calling him a “moron” on social media as the Tesla CEO further splits from the White House’s tariffs plan. Musk’s remarks were in response to a CNBC interview with Navarro on that

By Elisabeth Buchwald and Nectar Gan, CNN New York/Hong Kong (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second term.