Trump had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration and the smuggling of chemicals used for fentanyl.
The Dow was falling Friday after the White House said tariffs begin on Saturday. The S&P 500 and Nasdaq were rising. The market also reacted to PCE inflation data.
The Federal Reserve's favorite inflation gauge showed prices increased slightly in December 2024. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial ...
White House Press Secretary Karoline Leavitt dismissed questions on Friday about whether 25% tariffs coming in a matter of hours will drive consumer costs up.
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if ...
President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Feb. 1, the White House said.
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
President Donald Trump says his 25% tariffs on Canada and Mexico are coming on Saturday. WASHINGTON— President Donald Trump ...
The European Central Bank cut rates on Thursday, the Bank of Canada on Wednesday, and the Bank of England is likely to do so next week.
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that ...
Tariffs make foreign goods pricier to protect local industries, but aggressive policies can have negative effects.
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...