What Trump's trade war means for American families

What Does a Trade War Mean for Your Money?

The world’s two biggest economic powers have just announced huge tax hikes. That’s not great for growth.

What Trump's trade war means for American families

Stocks are down sharply as Wall Street firms recalibrate their economic growth estimates amid President Trump's trade war. Economists predict the new tariffs could lead to increased consumer prices and inflation, potentially costing American households between $3,000 to $5,000 more per year. The White House estimates that tariffs will generate $600 billion over 10 years, but this revenue will come from U.S. consumers, not foreign entities. This …

“American Empire Is in Decline”: Economist Richard Wolff on Trump’s Trade War & Tariffs

As President Trump finally unveils his global tariff plan — setting a baseline 10% tariff on all imported goods, with additional hikes apparently based on individual countries’ trade balances with the United States — economists like our guest Richard Wolff warn it will have grave economic effects on American consumers and lead to a recession. Wolff says the Trump administration’s tariff strategy is borne out of an ahistorical “notion of the Unit…

Will Trump's tariff's cost American families $3,500 a year? What to know

Former Vice President Mike Pence says Trump's tariff plans are the "largest peacetime tax hike in U.S. history."

US President Donald Trump has been threatening to impose a 20 percent tariff on Chinese imports since taking office. On Wednesday, he added another 34 percent tariff on Chinese imports, bringing the total to 54 percent, as he declared a trade war with almost every country in the world. Among the products that will see the biggest price increases as a result of the measures is Apple's iPhone. Apple makes more than 200 million iPhones a year, most…

The wave of import tariffs that US President Trump unleashed on the world on Wednesday is hitting the entire global economy. Even within his...