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Wall Street Falls 10% Below Its Record High, Marking the First ‘Correction’ Since 2023 Amid Trump’s Trade War

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Wall Street’s sell-off hit a new low Thursday after President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its...
Business

25% Steel and Aluminum Tariffs by Trump Administration Now in Effect

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President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S....
Business

China’s Foreign Minister Slams US Tariffs, Accuses Washington of Hostility

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Chinese Foreign Minister Wang Yi said China will continue to retaliate to the United States’ “arbitrary tariffs” and accused Washington of “meeting good with...
Business

Trump Announces 25% Tariffs on Mexican and Canadian Imports, Set to Take Effect Tuesday with No Exceptions

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President Donald Trump said Monday that 25% taxes on imports from Mexico and Canada would start Tuesday, sparking renewed fears of a North American...
Business

House GOP Advances Major Budget Plan, Paving the Way for Trump’s Agenda

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With a push from President Donald Trump, House Republicans sent a GOP budget blueprint to passage Tuesday, a step toward delivering his “big, beautiful...
Business

EU Official Engages Trump Team in Talks to Avert Looming Tariff Dispute

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In lengthy four-hour meeting with Trump officials, EU leader urges fairness to prevent trade clash. “The top objective as it was presented to us...
Business

Howard Lutnick Confirmed by Senate as Commerce Secretary, a Crucial Position in Trump’s Trade Strategy

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Howard Lutnick, a wealthy financier and strong advocate of Trump’s trade stance, was confirmed as Commerce Secretary by the Senate on Tuesday. As Commerce Secretary,...
Business

Trump Orders US Treasury to Halt Penny Production: ‘This is so wasteful!’

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President Donald Trump announced plans to put a stop to producing pennies, which cost more than their value to make. "For far too long, the...
Business

Taiwan to Support Businesses Relocating to U.S. as Tariff Hikes Loom

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Taiwan to Support Businesses Relocating to U.S. as Tariff Hikes Loom Taiwan’s economic affairs ministry said it will assist Taiwanese companies that could be affected...
Business

Trade War Escalates: Canada, Mexico Hit U.S. with Retaliatory Tariffs Over Trump’s Policy

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Canada and Mexico each announced tariffs on U.S. imports on Saturday in retaliation for U.S. President Donald Trump placing tariffs on the two countries. Trump...
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