ABC Business

What Trumps latest tariff proposal could mean for Hollywood, moviegoers

Tuesday, May 6 by ABC News

(WASHINGTON) -- President Donald Trump late Sunday proposed a 100% tariff on foreign-made films, saying the policy would counteract financial incentives that have drawn Hollywood productions overseas."WE WANT MOVIES MADE IN AMERICA, AGAIN!" Trump said in a post on social media.Movie studios have increasingly... Read More.

Cult following: Why automakers are still making wagons in the SUV era

Saturday, May 3 by ABC News

(NEW YORK) -- Think your giant sport-utility vehicle is cooler than the middling station wagon? Think again.German automaker BMW recently entered the U.S. "super wagon" category with its high performance M5 Touring, a ludicrously fast family hauler (starting price $121,500) that can smoke a... Read More.

Hiring slowed in April amid turmoil set off by Trumps Liberation Day tariffs

Friday, May 2 by ABC News

(NEW YORK) -- Hiring slowed but remained robust in April following President Donald Trump's "Liberation Day" tariff announcement early last month, fresh data on Friday showed. The reading exceeded economists' expectations.The U.S. added 177,000 jobs in April, according to data from the U.S. Bureau... Read More.

Collections on defaulted student loans may affect millions of peoples credit scores

Friday, May 2 by ABC News

(NEW YORK) -- President Donald Trump's administration is set to begin collecting defaulted student loan payments next week -- which could harm the credit scores of millions of borrowers.Roughly 5 million borrowers will have their university and college loans sent for collections beginning May... Read More.

US economy expected to have slowed sharply at start of Trumps 2nd term

Wednesday, April 30 by ABC News

(WASHINGTON) -- Government data to be released on Wednesday is expected to show a sharp economic slowdown over the initial months of President Donald Trump’s second term as a flurry of tariff proposals stoked uncertainty among businesses and consumers, analysts told ABC News.The measure... Read More.

Trump to ease tariffs faced by US automakers

Tuesday, April 29 by ABC News

(WASHINGTON) -- President Donald Trump is set to provide tariff relief for carmakers on Tuesday, just weeks after the onset of auto levies triggered warnings of price increases.An administration official confirmed that the 25% tariff on finished foreign-made cars and parts will remain --... Read More.

Trumps economic policies shake norms, markets as uncertainty looms

Tuesday, April 29 by ABC News

(WASHINGTON) -- Few of President Donald Trump's first 100 days in his second term carried more fanfare than April 2, which Trump previewed for weeks under the moniker of "Liberation Day."At a Rose Garden ceremony replete with a live band and floor-to-ceiling American flags,... Read More.

Consumer gloom amid Trumps tariffs expected to have worsened in April

Tuesday, April 29 by ABC News

(NEW YORK) -- A new survey of consumers on Tuesday is expected to show attitudes worsened in April, casting further gloom over the economy as President Donald Trump’s tariffs set off warnings of price increases and a possible recession.A reading of sour consumer sentiment... Read More.

Trump Coins lauds Trump for soaring gold prices. Experts point to economic uncertainty

Monday, April 28 by ABC News

(WASHINGTON) -- A marketing email distributed this month by Trump Coins, a commemorative coin venture launched last year by President Donald Trump, attributes the soaring value of gold and other metals in recent weeks to the president's "return to the spotlight.""President Trump's bold stance... Read More.

New automaker Slate unveils a no-frills, stripped down electric truck for under $30K

Friday, April 25 by ABC News

(NEW YORK) -- The country's electric vehicle market has an affordability problem.Enter Slate, a new company backed by Amazon CEO Jeff Bezos and two investment funds. On Thursday, company executives unveiled an inexpensive, spartan electric truck that comes at a critical time for U.S.... Read More.