A man shops for shoes at a Nike outlet store in Los Angeles on April 10, 2025. Frederic J. Brown | Afp | Getty Images America’s largest shoe brands are asking President Donald Trump for a tariff reprieve. The Footwear Distributors and Retailers of America trade group sent a letter to the White House this…
Jessica Murphy & Brandon Drenon BBC News Watch: Carney is asked how he plans to ‘avoid an Oval Office ambush’ In his first news conference since the federal election, Canadian Prime Minister Mark Carney laid out his priorities, including how he will approach upcoming talks with US President Donald Trump. His election campaign focused on…
President Trump said on Friday that Harvard would lose its tax-exempt status, repeating his intent to enlist the Internal Revenue Service in his feud with the wealthy research university and upend the school’s finances. “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Mr. Trump wrote on social media….
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Jamie Kelter Davis | Bloomberg | Getty Images President Donald Trump on Friday issued his latest call for the U.S. Federal Reserve to lower interest rates, following a better-than-expected jobs report…
President Trump said Thursday that he would rename Veterans Day, on Nov. 11, as “Victory Day for World War I” and May 8, widely known as V-E Day, as “Victory Day for World War II,” so that the United States could celebrate its achievements in those conflicts. “We won both Wars, nobody was close to…
Lily Jamali North America Technology Correspondent Natalie Sherman Business reporter Getty Images Tariffs on goods coming into the US will add nearly a billion dollars to Apple’s costs this quarter, the tech giant has said, despite President Donald Trump’s decision to spare key electronics from the new import taxes. The estimate from the iPhone maker…
The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a “tariff exclusion process” in order to keep the U.S. economy from falling into a recession and inflicting “irreparable harm” on small businesses. In a letter first obtained by CNBC, the massive business lobbying group asked key Trump trade officials to automatically…
Christal Hayes BBC News, Los Angeles Watch: Donald Trump on the US economy: ‘Give us a little bit of time’ President Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears. He said the figure was misleading because companies had stockpiled…
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Wednesday called China the leading candidate for the “chief-ripper-offer” on trade, and tried to downplay the possible economic impacts of…
U.S. President Donald Trump speaks during a rally to mark his 100th day in office, at Macomb Community College in Warren, Michigan, U.S., April 29, 2025. Evelyn Hockstein | Reuters President Donald Trump on Wednesday blamed his predecessor and defended his sweeping tariffs after new data showed the U.S. economy contracting last quarter, while warning…
