Trump’s global tariff to take effect at 10%, despite announcement of 15%

President Donald Trump’s reworked global tariffs will begin on Tuesday at a rate of 10%, despite him saying over the weekend that they would start at 15%. On Friday, after the Supreme Court struck down most of Trump’s tariff agenda, the president announced that he would quickly implement a 10% flat tariff for all trading … Read more

FedEx sues Trump administration for tariff refunds after Supreme Court ruling

FedEx sued the Trump administration Monday, seeking a “full refund” of all tariffs it paid the government under the overturned International Emergency Economic Powers Act. The Supreme Court ruled Friday that President Donald Trump exceeded his presidential authority when he deployed the act to impose sweeping tariffs on almost all U.S. trading partners. “Accordingly … … Read more

Dow slides nearly 800 points as AI and tariff risks rattle investors

Stocks slid on Monday as jittery investors digested President Trump’s plan to raise global tariffs to 15% and amid renewed concerns about the impact of artificial intelligence apps on the technology industry.  The Dow Jones slid 794 points, or 1.6%, as of 12:35 p.m. EDT. The S&P 500 fell 78 points, or 1.1%, while the Nasdaq … Read more