ABC Business

Fresh jobs report to offer snapshot of US economy under Trump

Friday, March 7 by ABC News

(WASHINGTON) -- A fresh jobs report to be released on Friday will offer a snapshot of U.S. economic performance over the first full month under President Donald Trump.Economists expect employers to have hired 170,000 workers in February. That figure would mark a slight uptick... Read More.

Trump pauses tariffs for some Mexican goods

Thursday, March 6 by ABC News

(NEW YORK) -- President Donald Trump on Thursday announced a one-month delay of tariffs on some products from Mexico.The temporary exemption will lift tariffs for all Mexican goods compliant with United States-Mexico-Canada Agreement, or USMCA, a free trade agreement.The announcement came after a conversation... Read More.

Stocks tumble as fallout from Trump tariffs roils markets

Thursday, March 6 by ABC News

(NEW YORK) -- U.S. stocks tumbled in early trading on Thursday as fallout from the Trump administration's tariffs continued to roil markets.Stocks recovered some of the losses within hours, however, after Commerce Secretary Howard Lutnick said a one-month delay of tariffs on Mexico and... Read More.

Stock market surges after Trump permits carmakers 1-month tariff exemption

Wednesday, March 5 by ABC News

(NEW YORK) -- The stock market surged on Wednesday afternoon after the Trump administration granted automakers a one-month exemption from tariffs imposed a day earlier.The Dow Jones Industrial Average climbed about 550 points, or 1.3%; while the S&P 500 jumped 1.25%. The tech-heavy Nasdaq... Read More.

When will prices go up due to Trumps tariffs?

Wednesday, March 5 by ABC News

(NEW YORK) -- Price hikes for gasoline and groceries could reach shoppers within days in the aftermath of tariffs imposed by the Trump administration, experts told ABC News.Some products such as auto fuel and fresh produce will be hit with near-instant price increases,... Read More.

China warns its ready for any type of war with US after Trump tariffs

Wednesday, March 5 by ABC News

(NEW YORK) -- China issued a warning on Wednesday night that it stands ready for any "type of war" with the United States in the aftermath of tariffs imposed hours earlier by the Trump administration.A spokesperson for the Chinese foreign ministry said the tariffs... Read More.

Tariffs on Mexico strike at the heart of small businesses in Texas

Wednesday, March 5 by ABC News

(RIO GRANDE CITY, TEXAS) -- Emily Williams Knight, president and CEO of the Texas Restaurant Association, represents 58,000 restaurants that employ 1.5 million Texans. That breaks down to 11% of the state's workforce that could potentially be impacted by the 25% tariffs on Mexican... Read More.

Stocks tumble as Trump tariffs create uncertainty in markets

Tuesday, March 4 by ABC News

(NEW YORK) -- The stock market fell in early trading on Tuesday, just hours after the Trump administration’s long-promised tariffs took effect.The Dow Jones Industrial Average dropped nearly 800 points, or 1.8%; while the S&P 500 also fell 1.8%. The tech-heavy Nasdaq tumbled 1.6%.The policy... Read More.

Stocks fall in early trading Tuesday as tariffs take effect

Tuesday, March 4 by ABC News

Dumb: Canada, Mexico blast historic Trump tariffs, threaten retaliation

Tuesday, March 4 by ABC News

(WASHINGTON) -- America's closest neighbors and allies, Canada and Mexico, excoriated President Donald Trump for slapping historic tariffs on goods from their countries.Trump's broad tariffs went into effect on Tuesday, along with increased duties on goods from China, a move that prompted a... Read More.