Global hedge funds and levered exchange-traded funds (ETFs) dumped more than $40 billion of stocks at a breakneck pace, growing increasingly bearish after President Donald Trump's shock announcement of harsher-than-expected global tariffs,

However, ByteDance representatives told the White House after Trump’s tariff announcement Wednesday that China would no longer approve the deal without negotiations on tariffs, according to the source. It had been expected that China would approve a ...

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.

President Donald Trump on Friday is expected to extend the deadline for TikTok to find a U.S. buyer or face a ban, according to a person familiar with the plans.

JPMorgan warned of an increased recession risk due to President Donald Trump's tariff policies, while Peter Schiff thinks the U.S. has been in recession for a while.

President Donald Trump’s announcement of sweeping new tariffs triggered the worst day for stock markets in five years on Thursday, sending shockwaves across the nation and in Alabama. “When you dump over the apple cart, it’s totally expected to have major ramifications,” Retirement Systems of Alabama CEO David Bronner said Thursday in a statement.

Federal Reserve Chair Jerome Powell said higher inflation and slower growth are more likely as more details emerge about President Trump's tariffs. CBS News contributor Javier E. David has more.

WASHINGTON (AP) — As stock markets tumble in the aftermath of President Donald Trump's sweeping tariffs, Republicans in Congress were watching with unease and talking of clawing back their power to levy tariffs — but almost none seemed ready to turn their words into action.