Wall Street tumbles 10% below its record after Trump escalates trade war
NEW YORK — Wall Street’s sell-off hit a new low Thursday after U.S. President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. A 10% drop is deemed…
Trump threatens 200% tariffs on European spirits
U.S. President Donald Trump on Thursday threatened the European Union with 200% tariffs on wine, champagne and other spirits produced in the 27-nation bloc after the EU levied what he said was “a nasty 50% tariff” on American-distilled whiskey. Trump…
US October-February budget deficit hits record $1.147 trillion
WASHINGTON — The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit for President Donald Trump’s first full month in office…
Trump, Irish leader meet amid differences on trade, Gaza war
WASHINGTON — U.S. President Donald Trump met Irish Prime Minister Micheal Martin on Wednesday for wide-ranging talks that reflected differences over trade and the conflict in Gaza, although both leaders pledged to expand cooperation between the two countries. The annual…
US stocks drop sharply as Trump hedges on recession
All three major U.S. stock indexes dropped sharply in Monday morning trading, with investors worried about the uncertainty of tariffs imposed by President Donald Trump on key trading partners and then his refusal to rule out the possibility of a…
One-day strike at 13 German airports, including main hubs, brings most flights to halt
Berlin — A one-day strike by workers at 13 German airports, including the Frankfurt and Munich hubs and all the country’s other main destinations, caused the cancelation of most flights on Monday. The 24-hour walkout, which started at midnight on…
Trump to keep tariffs to pressure Mexico, Canada, China on fentanyl, aides say
U.S. President Donald Trump is keeping new tariffs in place on Mexico, Canada and China to pressure them to block the flow of the deadly opioid fentanyl into the United States, top White House economic officials said Sunday. “If fentanyl…
India says it is working to cut tariffs as it eyes US trade deal
NEW DELHI — India said Friday it is working to lower trade barriers with the United States as it tries to reach a bilateral trade deal with Washington this year. The two countries said after a February White House meeting…
US lawmaker backs tariffs, calls for changing China’s trade status
WASHINGTON — Calls to revoke China’s Permanent Normal Trade Relations (PNTR) status have grown louder in recent months. In a memo released on the first day of his second term, President Donald Trump asked his Cabinet members to “assess legislative…
Trump tells crypto leaders he’s committed to helping their industry
President Donald Trump said Friday that he was committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous…