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.
Federal Reserve Signals Caution on Rate Cuts Amid Stubborn Inflation
With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncert
Biden to Loan $6.6 Billion to EV Maker Rivian to Build Paused Factory
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory.
US Consumer Confidence Ticks Higher on Better Outlook for Hiring
Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring.
Musk and Trump: How Will The Most Powerful Friendship in the World Affect US Spending?
Simon Shuster, Senior Correspondent at TIME, discusses his recent article, how the friendship between Musk and Trump may affect US spending, “DOGE” and more.
Trump Chooses Kevin Hassett for Economic Council
President-elect Donald Trump has chosen Kevin Hassett to lead the National Economic Council.
Trump Announces Tariff Plan Via Truth Social
Trump announcing he'll enact a 25%t tariff on imports from Canada and Mexico, an additional 10% on goods coming from China.
How Will Trump's Immigration Policy Affect the Economy?
MarketWatch's Hannah Erin Lang joins Cheddar to discuss how economists are viewing Trump's immigration policy and how it will affect the job market in America.
A $300B Yearly Deal for Climate Cash at UN Summit Divides Responses
Negotiators will soon decide whether to accept a proposed $300 billion funding package for poor nations to curb and adapt to climate change.
California Minimum Wage Boost Fails
California voters have rejected a proposal to raise the state minimum wage to $18 per hour by 2026, which would have been the highest in the nation.
