Tom Howell Jr.

Trump says he’s rooting for former ally Musk and his companies

President Trump said Thursday he doesn't want Elon Musk's companies to suffer as one of those firms, Tesla, reported a second straight quarter of declining sales.

July 24, 2025

South Korea mulls Japan-style investment package to sway Trump

South Korea is reportedly considering a proposal to invest $100 billion in the U.S. as part of trade talks with President Trump.

July 24, 2025

‘Money flowing in’: White House seizes momentum on trade after big Japan deal

President Trump's "massive deal" with Japan gives the White House a strong head of steam as it nears a pivotal Aug. 1 deadline to reset trade relations with global partners.

July 23, 2025

‘Investment over tariffs’ sealed deal with U.S., Japanese Prime Minister Shigeru Ishiba says

Top Japanese and American officials said Wednesday they were able to reach a trade deal because Tokyo agreed to invest heavily in major projects in the United States.

July 23, 2025

Trump claims Japan trade deal, imposes 15% tariff on goods from Asian superpower

President Trump on Tuesday said he struck a trade deal with Japan, a surprise development after the U.S. leader described the Asian country as "spoiled" by years of favorable trade terms with the American market.

July 22, 2025

Philippine goods face 19% tariff under new deal with Trump

President Trump said Tuesday he will impose a 19% tariff on goods sent from the Philippines to the U.S. while American products entering the Asian island nation won't be taxed.

July 22, 2025

AstraZeneca announces $50B investment in U.S., including Virginia facility

President Trump said Tuesday that pharmaceutical giant AstraZeneca will invest $50 billion in pharmaceutical manufacturing by 2030, a development he attributed to his threat to impose tariffs on drugs made outside the U.S.

July 22, 2025

Senate bill would require businesses to accept cash

A bipartisan Senate duo is pushing legislation that would require brick-and-mortar businesses to accept cash payments from customers, saying paper money remains legal tender despite a general transition to electronic payments.

July 22, 2025

Pay dirt: Trump goes after critical minerals in his global dealmaking

President Trump is positioning himself as a tough trade negotiator, peacemaker and champion for U.S. workers during the first six months of his second term. There is a common thread stitching them together: precious metals, minerals and other valuable stuff that can be pulled from the earth.

July 21, 2025

Bessent wants a full review of the Federal Reserve operations

Treasury Secretary Scott Bessent said Monday he would like to see a top-to-bottom review of the Federal Reserve to ensure if it is doing a good job for the American people.

July 21, 2025

Firing Powell could ‘crash’ markets, says Sen. Warren

Sen. Elizabeth Warren of Massachusetts warned Thursday that the stock market might "crash" if President Trump tries to fire Federal Reserve Chair Jerome Powell.

July 17, 2025

Trump cracks down on fentanyl substances with bill signing

President Trump signed a bill Wednesday that permanently places illicit fentanyl and its chemical cousins on the most restrictive list of drugs in the U.S.

July 16, 2025

Trump says he doesn’t plan to fire Fed Chairman Powell, despite buzz

President Trump on Wednesday said he has no plans to fire Federal Reserve Chairman Jerome Powell as rumors swirl about a move against the central bank boss.

July 16, 2025

Canada mulling limits on lumber exports to help U.S. trade talks

A top Canadian official says the country is considering cutting back on sending lumber to the U.S. to win over President Trump during trade negotiations.

July 16, 2025

Former Sen. Joe Manchin says U.S. better wake up and reduce rare earth reliance on China

Former Sen. Joe Manchin III said Tuesday the U.S. must find new ways to increase production of rare earths, warning China is consolidating its monopoly on the global market for critical minerals that drive semiconductor and military technologies.

July 15, 2025

Trump says U.S. will get market access in Indonesia, island country knocks down tariff

President Trump said Tuesday he struck a trade agreement with Indonesia, the world's fourth-most populous country, as his team assigns nation-by-nation tariff amounts alongside negotiations.

July 15, 2025

Inflation rises in June, in line with economic forecasts

Inflation ticked upward in June, rising 0.3% in June compared to 0.1% in May, according to a government report.

July 15, 2025

Trump tests limits of tariff power as high-stakes court case forges ahead

President Trump's decision to link tariff rates to Brazil's prosecution of ex-leader Jair Bolsonaro is testing the bounds of White House tariff powers and could complicate the president's defense against a high-stakes legal case over his sweeping levies.

July 14, 2025

European Union trade chief says 30% tariff would ‘prohibit’ trade, pursues U.S. deal

The European Union's trade chief said Monday that trade will be "heavily impacted" if President Trump follows through on his threat to impose a 30% tariff on EU goods.

July 14, 2025

Canada says it will defend workers, stop fentanyl ahead of Aug. 1 tariff deadline

Canadian Prime Minister Mark Carney says his country is making progress in stopping fentanyl and will continue to work with the U.S. on trafficking and other matters ahead of the Aug. 1 tariff deadline set by President Trump.

July 11, 2025