The European Union is hitting back at President Donald Trump’s new levy on all foreign aluminum and steel by announcing retaliatory tariffs on American products worth billions of dollars. President Donald Trump slams the move, saying he will “of course” respond. NBC’s Christine Romans reports for TODAY.
Category Archives: business
Trump’s economic troubles put Republicans on the defensive
President Donald Trump’s full-speed-ahead approach to making radical change has forced his allies to fight from a defensive posture.
S&P 500 closes higher on soft inflation report; Nasdaq jumps 1% as traders snap up tech shares
The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares.
Trouble is brewing for local beer companies as Trump slaps tariffs on aluminum
The math is tight for Thor Cheston.
Elon Musk’s politics are hurting Tesla, 85% say in investor survey
More than eight out of every 10 respondents to a Morgan Stanley survey believe Tesla CEO Elon Musk’s controversial political activities are hurting his business.
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U.S. to restart intelligence sharing and security assistance to Ukraine
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How consumers can protect their finances as federal safeguards crumble
As the Trump administration looks to neuter the Consumer Financial Protection Bureau, advocates urge borrowers to step up their own defenses around their money.
House narrowly passes six-month funding bill as shutdown deadline nears
Speaker Mike Johnson and House Republicans voiced confidence that they can push through a stopgap funding bill and avert a government shutdown at the end of this week.
‘Wealthy tax dodgers’ could benefit from IRS layoffs, Democrats warn
As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”