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Baristas, chocolatiers caught in trade war cross fire

Friday, April 11 by ABC News

(NEW YORK) -- Americans' love affair with coffee and chocolate could soon get a lot more expensive.Baristas and confectioners say the beans they need to make their products are mostly grown in countries targeted by the Trump administration's tariffs.According to the U.S. Department... Read More.

Trumps tariffs still risk inflation and recession as China trade war looms, experts say

Thursday, April 10 by ABC News

(WASHINGTON) -- President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession,... Read More.

Inflation cooled but egg prices soared in March, before Trumps tariff escalation

Thursday, April 10 by ABC News

(NEW YORK) -- Consumer prices rose 2.4% in March compared to a year ago, marking a cooldown during a period that preceded the recession warnings and market turmoil following President Donald Trump's recent escalation of tariffs. The reading came in lower than economists expected.Even... Read More.

Uncertainty looms over US housing market in wake of Trump tariffs

Wednesday, April 9 by ABC News

(RALEIGH, N.C.) -- In the Research Triangle area in and around Raleigh, North Carolina, home sales and construction development are booming as thousands flock to the area in search of affordable homes close to work.However, the severe tariffs President Donald Trump put on virtually... Read More.

US stocks surge as Trump announces 90-day pause on some tariffs

Wednesday, April 9 by ABC News

(NEW YORK) -- U.S. stocks surged on Wednesday after President Donald Trump announced a 90-day pause in some tariffs.The Dow Jones Industrial Average climbed 2,370 points, or 6.3%, while the S&P 500 soared 7.4%. The tech-heavy Nasdaq jumped 9.6%.President Donald Trump's latest batch of... Read More.

Billionaire Trump backer Bill Ackman issues dire warning over tariffs

Wednesday, April 9 by ABC News

(NEW YORK) -- Hedge fund honcho Bill Ackman has joined a growing list of President Donald Trump's billionaire backers calling for the White House to slam the brakes on tariffs.As the Trump administration's reciprocal tariffs went into effect Wednesday, triggering retaliatory reactions from China and... Read More.

US stocks seesaw in volatile session amid global trade war

Wednesday, April 9 by ABC News

(NEW YORK) --U.S. stocks seesawed on Wednesday, swinging between gains and losses amid fears of a global trade war as China and the European Union slapped retaliatory tariffs on U.S. goods.The Dow Jones Industrial Average fell 60 points, or 0.7%, while the S&P 500... Read More.

Stock markets slide as Trumps new China tariffs go into effect

Wednesday, April 9 by ABC News

(TAIWAN) -- Asian stocks plunged during Wednesday's trading session after President Donald Trump's latest batch of sanctions on China came into force, helping wipe off Tuesday's limited gains and compounding a turbulent week for the world's key indexes.Trump's new measures increased the cumulative rate... Read More.

Trump moves full steam ahead on politically risky tariffs despite market tumult

Wednesday, April 9 by ABC News

(WASHINGTON) -- After days of market tumult, President Donald Trump on Wednesday makes good on his long-sought goal of imposing aggressive tariffs against dozens of U.S. trading partners.But his gamble comes with major political risks for his legacy amid mounting concerns from Republicans and... Read More.

Trump touts falling oil prices, borrowing costs. Experts say theyre warning signs.

Tuesday, April 8 by ABC News

(WASHINGTON) -- President Donald Trump has repeatedly touted a drop in oil prices and borrowing costs as a sign that sweeping new tariffs bode well for the U.S. economy.Experts who spoke to ABC News largely rejected the notion, saying the trends indicate expectations of... Read More.