Sarah Smith North America editor Getty Images Since returning to power, US President Donald Trump has wielded tariffs – or the threat of them – as his economic weapon of choice. He has slapped import duties against allies and adversaries alike, and raised their rates to staggeringly high levels, only to change his mind and…
Cranes at the Port of Los Angeles are empty of cargo ships, in San Pedro California, U.S., May 13, 2025. Mike Blake | Reuters A U.S. federal trade court striking down President Donald Trump’s “reciprocal” tariffs on a broad swathe of countries seems, on the surface, a positive development all around. A lack of tariffs…
Optimism in the global business travel sector has dropped by more than half this year, according to a report published by the Global Business Travel Association. Positive sentiment fell from 67% in November 2024 to 31% in April 2025, according to the report which surveyed more than 900 business travel professionals on the affect of…
A federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs. The Trump administration had earlier told the U.S. Court of Appeals for the Federal Circuit that it would seek “emergency relief” from the Supreme Court as soon as Friday…
Watch: “We will win this battle in court” – White House on tariff ruling Tariffs imposed by the Trump administration that were struck down by a trade court will remain in place while the case makes its way through the courts. The Court of Appeals for the Federal Circuit on Thursday granted a request by…
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda. The…
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A federal court ruled Wednesday that President Donald Trump exceeded his authority with his reciprocal tariffs, dealing a blow to a…
Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show. The summary of the May 6-7 meeting of the Federal Open Market Committee reflected ongoing misgivings about the direction of fiscal and trade policy, with officials ultimately…
French President Emmanuel Macron at a luncheon with Vietnam’s Communist Party General Secretary To Lam at the Temple of Literature in Hanoi, Vietnam, on May 26, 2025. Chalinee Thirasupa | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in…
France’s President Emmanuel Macron gives a press statement near the Metropole Hotel before attending a state dinner in Hanoi on May 26, 2025. Ludovic Marin | Afp | Getty Images French President Emmanuel Macron visiting Vietnam and Swedish automaker Volvo Cars laying off employees might not appear to have much in common. But they are,…
