CNN Business/Consumer

By David Goldman, 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 most punishing trade barriers

By David Goldman and John Towfighi, CNN New York (CNN) — The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from

By Jordan Valinsky, CNN New York (CNN) — Amazon shoppers can likely expect some prices to rise due to the ongoing global trade war, the company’s CEO admitted. The online retailer’s network of third-party sellers “will pass that cost on,” Andy Jassy said Thursday on CNBC, in response to the impact of tariffs affecting product

By Alicia Wallace, CNN (CNN) — Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump’s aggressive trade moves. In any other timeline, such news would stoke optimism that Americans’ cost of living is no longer surging. However, the latest reading of the

By Elisabeth Buchwald and Kevin Liptak, CNN (CNN) — President Donald Trump announced a complete three-month pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China, a stunning reversal from a president who had insisted historically high tariffs were here to stay. But enormous tariffs will remain on

By Jeanne Sahadi, CNN (CNN) — There is just under a week left before the official April 15 tax filing deadline. More than half of all expected federal tax returns have been filed – nearly 90 million as of March 28, according to the latest filing statistics from the Internal Revenue Service. If yours isn’t

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, the largest retailer in the world, pulled its financial guidance for the quarter because of uncertainty over the impact of sweeping tariffs on China, Vietnam and other global sources of goods. Walmart said Wednesday it was unsure of its operating profit for the first quarter of

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s top trade official said he wasn’t informed of the 90-day pause on most new tariffs until after it was announced. At the same moment that US Trade Representative Jamieson Greer was defending Trump’s stiff tariffs during a House hearing, Trump said on his social media

By Ramishah Maruf, CNN New York (CNN) — The beauty stores in Manhattan’s Koreatown are packed, even on a rainy Tuesday afternoon. But this time, an associate that spoke to CNN in one of the stores had some warnings: One popular sunscreen had changed its formula since it’s now manufactured in the United States. Another

By Nectar Gan and Juliana Liu, CNN Hong Kong (CNN) — China unveiled retaliatory tariffs of 84% on imports of US goods on Wednesday, matching additional tariffs imposed by US President Donald Trump earlier in the day and further inflaming a trade war between the world’s two biggest economies. Trump’s sweeping “reciprocal” tariffs took effect

By Chris Isidore, CNN (CNN) — Delta Air Lines warned that revenue could fall in the current quarter and that “growth has largely stalled,” as its CEO warned that he’s concerned the economy is likely to fall into a recession. The airline attributed the weakness in its guidance to “broad economic uncertainty around global trade.”

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump, during his announcement last week of sweeping tariffs on countries around the world, called groceries an “old-fashioned” and “beautiful term.” But his policies will make America’s groceries more expensive today, supermarket executives and food industry experts say. Supermarkets sell imported items in every section

By John Liu and Lisa Eadicicco, CNN (CNN) — US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month. But there’s one product the president is particularly eager to produce in the US: iPhones. “I have long ago

By John Towfighi, David Goldman and Anna Cooban, CNN New York (CNN) — US stocks skyrocketed higher Wednesday after President Donald Trump posted on social media that he authorized a 90-day pause on the “reciprocal” tariffs that went into effect at midnight, with the exception of China. Wall Street had been on edge, looking for

CNN By Elisabeth Buchwald and Nectar Gan, CNN New York/Hong Kong (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second

CNN By Hadas Gold, CNN New York (CNN) — Elon Musk took another jab at President Donald Trump’s senior trade adviser Peter Navarro Tuesday, calling him a “moron” on social media as the Tesla CEO further splits from the White House’s tariffs plan. Musk’s remarks were in response to a CNBC interview with Navarro on

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second term. China was already set to see