The U.S. is beginning to show the signs of an economic slowdown, as President Donald Trump’s tariffs are expected to add pressure to the already strained economy. Federal officials have a close eye on soaring egg prices, although a $1 billion plan is in the works to bring them down.
Major companies and industries are poised to take a hit from Trump’s planned duties on goods from Canada, Mexico, and China, along with other nations, from automakers to the restaurant business. Corporate America is getting ready for the tariffs, even as they figure out how to work with the Trump administration, with companies — including Apple, Eli Lilly & Co., and Walmart — making both public and private appeals to the president.
Catch up on that news — and more, including Trump’s $5 million “gold cards” for immigrants and his pressure on Apple — in this week’s politics roundup.
President Donald Trump says his “gold cards” will be available for wealthy foreigners — and U.S. companies that want to hire skilled immigrants.
President Donald Trump has adopted Silicon Valley’s mantra of “move fast and break things,” leaving uncertain companies grappling with a potentially expanding trade war, slews of executive orders, and no end of legal questions.
After egg prices hit a record high last month, the Trump administration is finally rolling out its plan to “make eggs affordable again.” — Bruce Gil
President Donald Trump on Wednesday claimed that his proposed tariffs would actually boost the Detroit automakers, despite most evidence pointing to the contrary.
The U.S. economy is beginning to show signs of a slowdown — and the situation is further complicated by President Trump’s back-to-back tariffs, which are increasing pressure on an already strained economy burdened by high inflation and interest rates. — Vinamrata Chaturvedi
President Donald Trump said new tariffs are scheduled to go into effect next Tuesday on the U.S.’s top trade partners, citing a failure to limit the flow of fentanyl into the country. — William Gavin
President Donald Trump took to social media Wednesday to demand that Apple (AAPL) to discontinue its diversity policies. — Ece Yildirim, William Gavin
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