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Business and Economic News

Bracing for Trump's tariffs? Here are 3 money tips from a personal finance columnist

Bracing for Trump's tariffs? Here are 3 money tips from a personal finance columnist

President Donald Trump's new taxes on imported goods are creating a "scary ride" for the U.S. market, says personal finance columnist Michelle Singletary. She recommends keeping these three things in mind.
by Steve Inskeep and Obed Manuel

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Farmers fear tariffs could cost them one of their biggest markets in China

Farmers fear tariffs could cost them one of their biggest markets in China

Heading into this year, most U.S. farmers were hoping to break even or maybe record a small profit. But now they are faced with losing the biggest export market for many of their crops after China retaliated against President Donald Trump’s tariffs.
by The Associated Press

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Trump closes loophole used by American shoppers to buy Chinese goods tariff-free

Trump closes loophole used by American shoppers to buy Chinese goods tariff-free

The so-called de minimis exemption allowed Chinese and Hong Kong retailers to ship millions of packages worth $800 or less directly to U.S. consumers. That loophole will close May 2.
by Brian Mann

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Markets plunge after China retaliates against Trump tariffs

Markets plunge after China retaliates against Trump tariffs

Wall Street’s worst crisis since COVID-19 slammed into a higher gear. The S&P 500 plummeted 6 percent Friday, the Dow Jones Industrial Average plunged 5.5 percent and the Nasdaq composite dropped 5.8 percent. The losses came after China matched President Donald Trump’s big raise in tariffs announced earlier this week.
by The Associated Press

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After federal firings, officials worry about program that helps many Minnesotans pay for heat

After federal firings, officials worry about program that helps many Minnesotans pay for heat

Minnesota was scheduled to receive an additional $12 million to $13 million in LIHEAP funds to help another 10,000 households. If that payment is delayed, the program could run out of money by mid-April.
by Kirsti Marohn

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