Containers are seen at the port in Lianyungang, in China's eastern Jiangsu province on May 1.
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Trump, in a major concession, says the tariff on China should be 80% — but will leave it up to Bessent
A woman sews clothing at the Keqiao China Textile City, one of the biggest textile markets in Asia, in Shaoxing in China's eastern Zhejiang province on May 8.
Greg Baker/AFP/Getty Images
The UK trade agreement was the easy part. China will be exponentially harder
Single family homes in a housing development in Aurora, Colorado, US, on Monday, Oct. 10, 2022.
Chet Strange/Bloomberg/Getty Images
America’s largest real estate brokerages are fighting over private listings
President Donald Trump is flanked by aides as he makes an announcement about a trade deal with the UK in the Oval Office at the White House in Washington, DC, on May 8.
Leah Millis/Reuters
One trade ‘deal’ done, 199 to go
The Bank of England in London, on April 7, 2025.
Carl Court/Getty Images/File
The Bank of England cuts interest rates as tariffs endanger global economic growth
Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on May 7 in Washington, DC.
Andrew Harnik/Getty Images
Key takeaways from the Fed’s latest decision to hold rates steady as it warns of stagflation
A bus shelter in Washington, DC, displays a billboard that says the US national debt is $36 trillion dollars in December 2024.
Jemal Countess/Getty Images/File
America’s trading partners have a massive bazooka in the trade war. They may never use it
A cargo ship arriving at the Port of Los Angeles. Nearby are bonded warehouses where businesses pay money to have imports locked up to defer tariff payments.
Norma Galeana/CNN
Businesses have found strange but legal ways to avoid Trump’s tariffs
We're looking to speak with Americans who are managing student loans and other debts.
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How are you managing federal student loan debt?
Parcels slide down a ramp after being scanned at the U.S. Customs and Border Protection overseas mail inspection facility at Chicago's O'Hare International Airport Feb. 23, 2024, in Chicago. The explosive growth of cross-border e-commerce involving major China-backed players such as Shein and Temu has caught the attention of the U.S. lawmakers amid a bitter U.S.-China trade war and cast a spotlight on a tax rule that critics say has allowed hundreds of millions of China-originated packages to enter the U.S. market each year without duty and without reliable information for lawfulness.
Charles Rex Arbogast/AP
A massive tariff on millions of Americans’ purchases just went into effect — cue the chaos
People visit a job fair booth on April 30 in Sunrise, Florida. Over 150 local hiring managers & recruiters were at the fair to recruit workers for 1000s of positions in Miami, Broward, and Palm Beach County.
Joe Raedle/Getty Images
The US economy added a stronger-than-expected 177,000 jobs in April
The Les Halles shopping area in Paris, France, on April 15.
Nathan Laine/Bloomberg/Getty Images
Trump’s tariffs could make Europe, not America, ‘Great Again.’ At least when it comes to inflation
Kazuo Ueda, governor of the Bank of Japan (BOJ), pauses during a news conference at the central bank's headquarters in Tokyo, Japan, on Thursday, May 1. The BOJ left its benchmark rate unchanged while pushing back the timing for when it expects to reach its inflation target amid intensified uncertainties due to US tariff measures. Photographer: Toru Hanai/Bloomberg via Getty Images
Toru Hanai/Bloomberg/Getty Images
Another American ally just issued an economic warning because of the trade war
Shipping containers at the Port of Los Angeles on April 3. The latest US GDP report showed that goods imports rose by 51% in the first quarter, the fastest pace since 2020.
Mario Tama/Getty Images
America’s economy may actually be even weaker than it appears

Highlights

The Federal Reserve Bank of Atlanta forecast a sharp decline of 2.7% for US GDP in the first quarter of 2025. That would mark the worst quarter since the Covid era in mid-2020.
Myung J. Chun/Los Angeles Times/Getty Images
US economy goes into reverse from Trump’s abrupt policy shifts
HAMBURG, GERMANY - APRIL 17: Shipping containers lie stacked at Hamburg Port on April 17, 2024 in Hamburg, Germany. The International Monetary Fund (IMF) has reduced its prognosis for Germany's economic growth this year to 0.2%, the lowest of any G7 nation. Hamburg Port is Germany's biggest port and is a hub for exports and imports. (Photo by Sean Gallup/Getty Images)
Sean Gallup/Getty Images
Europe saw faster economic growth early this year but Trump’s tariffs have dimmed its prospects
A woman shop for items at a Dollar Tree store on April 28 in Alhambra, California.
Frederic J. Brown/AFP/Getty Images
Consumer confidence sinks to lowest level since May 2020
Cranes unload cargo shipping containers at the Port of Los Angeles in San Pedro, California, on April 15. Gross domestic product likely slowed due to higher imports driven by Americans rushing to beat Trump’s tariffs.
Patrick T. Fallon/AFP/Getty Images
The US economy likely just had its worst quarter since Covid

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An aerial view of a residential housing development on April 03, 2025 in Los Angeles, California. Across the country, more home purchase deals are falling through than usual.
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Shipping containers in the container yard at the Port of Baltimore in Maryland, pictured on April 12, 2025.
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