Economy

After President Donald Trump announced Wednesday his administration would be raising tariffs on China to 125%, Treasury Secretary Scott Bessent accused China of escalating trade tensions and issued a warning to countries considering retaliation.

Countries across the world have imposed tariffs against the United States in response to the Trump administration’s sweeping tariffs against foreign imports. Here’s what you need to know.

Here are five things to know about economist Peter Navarro.

Columbia Business School professor Rita McGrath shares how to spot signs of a looming recession and gives advice on preparing for the worst.

Columbia Business School professor Rita McGrath shares how to spot signs of a looming recession and gives advice on preparing for the worst.

After attending the LIV Golf tournament at his Doral club in Florida over the weekend, President Donald Trump responded to questions on Air Force One about his tariff policies and stock market declines. “I don’t want anything to go down. But sometimes you have to take medicine to fix something.”

U.S. consumers are rushing to buy big-ticket items before President Donald Trump’s tariffs kick in. Consumers who were considering big purchases told The Associated Press that they hurried in recent days to lease cars and buy products such as laptops in anticipation of the tariffs. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially...

Minority Leader Chuck Schumer, D-NY, spoke from the Senate to blast the White House’s far-reaching tariffs, imposed against nearly every country and territory in the world. “Donald Trump is using tariffs in the dumbest way possible,” Schumer said Friday. “In fact, Trump slapped tariffs on penguins but not on Putin.”

Trump’s latest bout of tariffs are expected to increase prices by thousands of dollars per year and slow economic growth.

The monthly jobs report is released on the first Friday of every month. Here is what you need to know.

News4’s Megan McGrath reports on how the Trump administration’s new tariffs are expected to affect major brands, small businesses that produce in the USA and regular households.

President Donald Trump’s tariffs may hit your wallet. Here’s what we know about whether they’ll affect your bill when you shop. News4’s Susan Hogan reports.

After the stock market nosedived Thursday towards its biggest one-day loss since 2020, President Donald Trump defended his expansive tariff policies by predicting a massive economic ‘boom.’

Many U.S. auto dealers saw a mini buying boom at the end of March in anticipation of a 25% tariff on foreign made cars. Now, car dealers are trying to figure out what this is going to look like for customers who walk into the showroom, said Rob Smith, President Of Montgomery County-based Fitzgerald Auto Mall. News4 spoke to him…

Some automakers have already indicated they’re prepared to raise prices on cars they sell to dealers as early as Thursday. News4’s Jackie Bensen spoke to the head of one of the largest auto dealers in the D.C. area about what you might be seeing the next time you head to a showroom.

The tariff policies risk causing an economic slowdown as consumers and businesses could face sharp price hikes on autos, clothes and other goods.

An economic recession is defined as a significant and widespread decline in economic activity for multiple months.

The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%.

Housing’s yearslong winter might be showing the first hints of thaw, according to new data from the NBC News Home Buyer Index.

DoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans.