EL SEGUNDO, Calif. — America’s trade partners around the globe are bracing for the impacts of President Donald Trump’s sweeping new reciprocal tariffs.
The White House is also set to impose a 25% tariff on auto imports, which will take effect for finished cars on Thursday. Duties on auto parts imports will begin by May 3.
Greg Layson, digital and mobile editor at Automotive News Canada, joins Amrit Singh on “Your Afternoon” to discuss.
Starbucks has 16,000 corporate support employees worldwide.
It’s the third straight cut, bringing rates down to their lowest level since 2023, but Fed Chair Jerome Powell said he expects slower cuts in 2025.
The law authorizes a president to seek a court order for an 80-day cooling-off period for companies and unions to try to resolve their differences.
U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
The Powerball jackpot has increased to an estimated $1.23 billion after another drawing without a big winner Wednesday night.
While price increases have cooled over the past year, most economists say little to none of the drop came from the law.
