By Juliana Liu and John Liu, CNN Hong Kong (CNN) — China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect. Growth in its gross domestic product (GDP) hit 5.4% in the first quarter, the National Bureau of Statistics
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By Chris Lau, CNN Hong Kong (CNN) — Hong Kong’s postal service will stop handling packages coming from or going to the United States, in the latest retaliatory move amid an escalating trade war between Washington and Beijing. In a statement published Wednesday announcing the decision, the government of Hong Kong cited US President Donald
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By Nectar Gan and John Liu, CNN Hong Kong (CNN) — Less than a year into Donald Trump’s first trade war with China, Chinese leader Xi Jinping made a high-profile visit to an unassuming factory in Ganzhou, an industrial city nestled among rolling hills in the country’s southeast. Touring its exhibition hall in 2019, Xi
Continue ReadingBy Brian Stelter and Samantha Waldenberg, CNN (CNN) — Instead of restoring access to The Associated Press newswire, as required by a federal judge, the Trump administration is removing the wire position in the daily press corps rotation altogether. The change appears designed to withstand legal scrutiny while still disadvantaging The AP, which was singled
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By James Frater and Olesya Dmitracova, CNN London (CNN) — The European Union has announced it will impose retaliatory tariffs on American toilet paper, soybeans, eye makeup and hundreds of other products if trade negotiations with the United States aren’t successful. The bloc of 27 countries published Monday a long list of US products, most
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By Chris Isidore, CNN (CNN) — Shares of Boeing fell Tuesday following a report that China has halted the delivery of all its jets to airlines in the country as part of the escalating trade war. Boeing (BA), a component of the Dow Jones Industrial Average, fell 2% in early trading after dropping more sharply
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By Jordan Valinsky, CNN New York (CNN) — Starbucks is updating its uniform policy, emphasizing the appearance of its recognizable “green aprons” as part of CEO Brian Niccol’s broader plans to revive the slumping brand. Beginning May 12, baristas at stores in North America will have to wear solid black tops under their aprons, a
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Chili’s is ratcheting up its fight against fast food rivals with a new cheeseburger that might make McDonald’s call their lawyers. The chain is rolling out Tuesday the Big QP burger, which not only has a similar name to McDonald’s Quarter Pounder but also the same toppings:
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By Jordan Valinsky, CNN New York (CNN) — American Airlines will soon offer free Wi-Fi on most of its flights, becoming the latest major carrier to add the perk. Beginning in January 2026, members of the airline’s free loyalty program will have access to the perk. Wi-Fi will be available on 90% of its fleet
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — Congratulations for getting your taxes done and filed. If you’re in line for a refund — or already have received one — you’re in good company. A majority of US filers typically do get money back. And this year is no exception. Based on the latest data from the
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CNN By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to
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By Matthew Kaufman, CNN (CNN) — A group of US businesses filed a lawsuit Monday arguing that President Donald Trump’s tariffs are illegal under the International Emergency Economic Powers Act (IEEPA). The suit was filed in the US Court of International Trade by the Liberty Justice Center, a legal advocacy group arguing on behalf of
Continue Reading By Auzinea Bacon and Clare Duffy, CNN Washington, DC (CNN) — Meta CEO Mark Zuckerberg took the witness stand Monday to defend his company against accusations by the Federal Trade Commission that it bought competing social media companies to dominate the market with a monopoly. It was the first of what is expected to be
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By John Towfighi, CNN New York (CNN) — US stocks rose Monday as traders rallied on the Trump administration’s exemption for tariffs on smartphones, computers and various electronics imported from China. The Dow rose 312 points, or 0.78%. The broader S&P 500 rose 0.79%. The tech-heavy Nasdaq Composite gained 0.64%. All three major indexes closed
Continue ReadingBy John Liu and Anna Cooban, CNN Hong Kong/London (CNN) — Billionaire Ray Dalio says President Donald Trump’s tariff war has helped push America close to a recession — or perhaps even “something worse.” “Right now, we are at a decision-making point and very close to a recession,” the founder of Bridgewater Associates, one of
Continue ReadingBy Clare Duffy, CNN New York (CNN) — “Need an Uber Eats account in Jacksonville, FL ASAP.” “I have one.” “Looking for an Uber eats account to rent in Virginia.” “Available.” Those exchanges were found on a public Facebook group with more than 22,000 members called “UBER ACCOUNT FOR RENT WORLDWIDE.” It’s just one of
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By Brian Stelter, CNN (CNN) — Meta is going on trial starting Monday. The US government is advancing a blockbuster antitrust case, alleging that Mark Zuckerberg’s company illegally built a “social networking monopoly” through years of “anticompetitive conduct.” If the judge sides with the government, Meta could be forced to break itself up by selling
Continue ReadingBy Chris Isidore, CNN (CNN) — Much of President Donald Trump’s tariff rhetoric has been about restoring factory jobs — particularly auto jobs — that he says had been destroyed by bad trade deals such as the North American Free Trade Agreement. “American steelworkers, auto workers, farmers and skilled craftsmen … they really suffered gravely,”
Continue ReadingBy Samantha Delouya, CNN (CNN) — When Jill Langen decided to list her Clarkston, Michigan, home of 25 years for sale last month, she did it without the help of a real estate agent. Seven days later, she had an agreement signed with a buyer and her home was off the market. Langen’s decision to
Continue ReadingBy John Liu, CNN Hong Kong (CNN) — An annual global trade fair has kicked off in Hong Kong with no shortage of fanfare – featuring robots flexing, dazzling new products and excited crowds packing the convention halls. But uncertainty over how the US-China tariff war may pan out cast a shadow over what is
Continue ReadingBy Auzinea Bacon, CNN (CNN) — Stock futures rose Sunday after a temporary reprieve from tariffs on electronic imports from China by the Trump administration. Dow futures were up 0.5%, or 212 points. The S&P 500 futures rose 0.75%, while the tech-heavy Nasdaq Composite futures gained 1.26%, as of 6:18 pm ET. The Trump administration
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By Auzinea Bacon, CNN (CNN) — Commerce Secretary Howard Lutnick said the Trump administration’s decision on Friday to exempt electronic devices — like smartphones, iPhones and laptops — from tariffs was only a temporary reprieve but those products will face separate levies, adding more confusion to an already chaotic rollout of tariffs on Chinese goods.
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Record-high egg prices are probably forcing some people (or bunnies) to search for less-expensive alternatives this Easter. How about marshmallows? After all, the white coating makes it easy to dye, and priced around $2 a bag, the fluffy treats are more cost-efficient than their hard-shelled lookalikes. The
Continue ReadingBy Rosa de Acosta, CNN (CNN) — US President Donald Trump has imposed an additional 145% tariffs on all Chinese imports despite pausing his “reciprocal” levies on all other countries in a stunning reversal last week. But China is not backing down, saying it will “fight to the end” if Trump continues to escalate what
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — April 15 — or “Tax Day” as it’s known to most Americans — is now just a couple of days away. While the IRS has already received a majority of the federal income tax returns typically filed by Tax Day — 101.422 million as of April 4, to be
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By Auzinea Bacon, CNN (CNN) — Electronics imported to the United States will be exempt from President Donald Trump’s reciprocal tariffs, according to a US Customs and Border Protection notice posted late Friday. Smartphones, computer monitors and various electronic parts are among the exempted products. The exemption applies to products entering the United States or
Continue ReadingBy Leigh Waldman and Joel Williams, CNN (CNN) — For nearly 30 years, Kevin Keyes and his brother-in-law Bob Chambers have run Dry Brook Sugar House in Salem, New York. Dry Brook Sugar House is nestled amid maple forests on the border of New York and Vermont. During this year’s maple season, which can run
Continue ReadingBy Elisabeth Buchwald, CNN (CNN) — Toys made in China have been exempt from tariffs since President Donald Trump’s first term. That is no longer the case. Last month, Trump raised tariff rates on China to 20%, dealing a big blow to the toy industry. But he didn’t stop there. Just a few weeks later,
Continue ReadingBy Lou Robinson, Rosa de Acosta, Elisabeth Buchwald and Soph Warnes, CNN (CNN) — The growing trade war between China and the United States shows little signs of easing after massive tit-for-tat tariffs between the world’s two biggest economies this week. Beijing raised its tariffs on US imports to 125%, one day after the White
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CNN By David Goldman and John Towfighi, CNN (CNN) — President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the
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