Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
US businesses that rely on Chinese imports express relief and anxiety
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
U.S. & China Agree to 90-Day Tariff Truce
The United States and China agreed to a 90-day truce in their escalating trade war, significantly reducing tariffs to facilitate renewed negotiations.
Democrats block stablecoin bill as they raise conflict concerns
Senate Democrats have blocked legislation to regulate a form of cryptocurrency after arguing that the bill needed stronger protections.
What’s in the US-UK trade deal? A broad agreement with limited details
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
Is Your Wallet Safe? Economic Analysis From Trump's First 100 Days
Greg Ip, Chief Economics Commentator for the WSJ, gives us in-depth analysis of Trump's economic score card in his first 100 days. Watch!
Trump Points Finger at Biden Over U.S. Economy
In the first quarter of 2025 the economy contracted 0.3%, marking its first decline since 2022. President Trump attributed the downturn to "Biden overhang."
Stock Market Reacts Negatively to Trump's First 100 Days
President Trump's second term has seen the U.S. stock market experience its worst first 100 days since President Nixon, with the S&P 500 declining by 6%.
Trump’s Approval Rating Hits Historic Low
President Trump’s approval rating has plummeted to historic lows as he nears the 100-day mark of his second term, with only 39% of Americans approval.
Talk of raising taxes on millionaires swirls around Trump
Why not tax the millionaires? That question won't seem to go away as Congress begins drafting a package of tax breaks and spending cuts for President Donald Trump’s “big, beautiful bill."
Elon Musk’s X sues to overturn Minnesota political deepfakes ban
X, the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates.
Musk damaged Tesla’s brand in just a few months. Fixing it will likely take longer
Elon Musk intends to focus more on his job as Tesla CEO, but it’s unclear if the billionaire will be able to solve a big problem of his own making.
Trump says he has ‘no intention’ of firing Federal Reserve chair
President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after saying he would like to fire him.
Treasury Secretary Expects Trade War Will De-Escalate Soon
Treasury Secretary Scott Bessent is anticipating a "de-escalation" in the trade war very soon, he has advocated for a phased approach to tariffs.
Student loans in default will be sent for collection
Starting next month, the Education Department says student loans that are in default will be referred for collections.
Trump Ramps Up Criticism of Fed Chair Jerome Powell
President Trump intensified his criticism of Federal Reserve Chair Jerome Powell, labeling him a “major loser” and urging immediate interest rate cuts.
Trump Meets with Retail CEOs to Discuss Tariffs
President Trump met with executives from major retailers, including Walmart, Home Depot, Lowe’s, and Target on Monday to discuss the impact of his tariffs.
Trump renews attack on Federal Reserve Chair Powell, Dow Jones tumbles 1,000 points
President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate.
