Another is that tariffs on “intermediate” goods, such as raw materials used to make other things, affect consumer prices indirectly. Even service industries depend on imported goods—think of lawyers using smartphones or computers made abroad.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

China and the U.S. have agreed to more tariff talks amid a trade standoff and concerns over rare earths, President Donald Trump said Thursday after a call with China's leader. Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade.

Car buyers racing to get ahead of President Donald Trump’s tariffs face an uncomfortable truth — the trade war is already boosting US auto prices, often in ways nearly invisible to consumers.

China accused President Donald Trump of causing severe disruption to global supply chains after he doubled the U.S. steel and aluminum tariffs to 50 percent. Trump hiked the Section 232 tariffs in a proclamation that took effect on June 4 after reevaluating the impact of importing large quantities of the metals,

President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade

The tech billionaire has suddenly fallen out with Donald Trump, and the two are jousting on social media.

The world’s richest man said the world’s most powerful man will drag the United States into recession during the second half of 2025. The comment, which Elon Musk made about President Donald Trump’s economic policies,

Elon Musk alleged President Donald Trump's name is listed in classified files related to the financier and sex offender Jeffrey Epstein.