Trump, tariffs and US federal court
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Live updates and the latest news on the Trump administration as Elon Musk leaves the White House and a federal trade court rules against Trump's tariffs.
Share prices for Big Tech’s Magnificent Seven and major chipmakers rose on Thursday after a wave of welcome news for investors.
More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs
Filings for U.S. jobless aid jumped last week but American workers broadly remain secure in their jobs despite economic uncertainty over global trade.
China welcomed the court's ruling. China's Ministry of Commerce called on the U.S. to remove the tariffs altogether, citing that they had negatively harmed global trade and U.S. consumers.
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Michigan was $34 million shy of exporting $3 billion in agriculture products in 2024. The biggest market remains Canada at more than $1.2 billion.
The positive market reaction to a U.S. court blocking many of President Trump's tariffs reinforces the European Union's approach to trade talks, Spain's economy minister said. A rise in global stocks supports the EU’s argument that tariffs aren’t good for anyone,
Chief Financial Officer Matt Bilunas said the company was adjusting its fiscal-year guidance to include the impact of tariffs. Management guided for revenue between $41.1 billion