The Apple Fifth Avenue store in New York, U.S., on Monday, Feb. 24, 2025. Michael Nagle | Bloomberg | Getty Images On late Friday, the Trump administration welcomed the weekend in the best way: by announcing that electronics — such as smartphones, computers and semiconductors — will be temporarily exempted from his so-called “reciprocal” tariffs,…
An alert from U.S. Customs and Border Protection on Friday notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this week’s whipsaw in tariffs policy, and any trade from nations now under the 90-day…
People walk by the New York Stock Exchange (NYSE) before the Closing Bell and the start of President Donald Trump’s news conference on tariffs on April 2, 2025 in New York City. Spencer Platt | Getty Images U.S. President Donald Trump offered his trading partners — and financial markets — some reprieve on Wednesday as…
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters President Donald Trump’s tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York. “It depends on how narrowly the tariff…
U.S. Treasury yields moved lower on Thursday as investors breathed a sigh of relief after U.S. President Donald Trump enacted a 90-day tariff reprieve on most countries, reversing a sharp sell-off in bonds. At 4:50 a.m. ET, the 10-year Treasury yield was lower by over 10 basis points to 4.288%, and the 2-year Treasury yield also dropped just…
A customer carries merchandise from a Hermes store on Feb. 14, 2025. Scott Olson | Getty Images Europe’s beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector’s long-awaited recovery. Shares of European luxury stocks LVMH,…
U.S. President Donald Trump speaks, as he signs executive orders and proclamations in the Oval Office at the White House in Washington, D.C., U.S., April 9, 2025. Nathan Howard | Reuters U.S. President Donald Trump has hit the pause button on his heavy “reciprocal” tariffs and swapped them for a universal 10% rate for 90…
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters Trump tariffs have officially kicked in — and they include a ghastly 104% duty on Chinese imports. Despite growing consternation and…
Chris Wright, chief executive officer of Liberty Energy Inc. and US energy secretary nominee for US President-elect Donald Trump, arrives for a Senate Energy and Natural Resources Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 15, 2025. Al Drago | Bloomberg | Getty Images Liberty Energy lost around $600 million in market value in…
