President Donald Trump is threatening to impose a 25% tariff on smartphones manufactured overseas, specifically targeting companies like Apple. Trump called out Apple CEO Tim Cook on Truth Social.

Trump's former ambassador to Vietnam highlighted the main reason China may hesitate to strike a trade deal with the U.S.

President Donald Trump made the announcement during a rally in Pennsylvania to discuss the "partnership" between U.S. Steel and Japan-based Nippon.

President Donald Trump said on Friday that he is doubling his steel tariff on steel to 50 percent, from 25 percent currently, to prevent billions of dollars worth of foreign steel from continuing to enter the United States.

President Donald Trump said twice Friday that China had breached the terms of the bilateral trade agreement but offered scant details.

The raft of economic data released over the last few days has been kind of all over the map: Jobless claims were up and pending home sales were way down. Personal income is strong, consumer spending is middling and consumer inflation is moderating. Consumer sentiment is either improving from “lousy” or holding steady at “meh” depending who you ask.

A landscape of high tariffs increases the challenges of adapting to climate change, slowing the pace of the transformations needed to address it.

Consumer spending growth, which had already showed sluggish signs this year, slowed significantly in April as more families waited to see how tariff-related uncertainty might play out. Spending rose 0.2 percent last month, compared with a 0.7 percent increase the month before, according to data released Friday by the Bureau of Economic Analysis.

The dollar was mixed on Friday but on track for the first monthly gain against the Japanese yen this year as investors factored in the likelihood of trade tariffs remaining in some form, even as U.S.

As of May 28, the U.S. had collected $68.23 billion in tariff revenue for 2025—an increase of 78 percent over the same period last year.