CNN Business1 day agoTwelve states sue the Trump administration over ‘tax hikes’ through tariffsverified_publisherCNNNew York CNN — Twelve states sued the Trump administration Wednesday for “illegally imposing” tax hikes on Americans through tariffs. Trump imposed the tariffs through the International Emergency Economic Powers Act (IEEPA), which gives the president the authority to enact those powers in response to …
CNN Business1 day agoElon Musk is going back to Tesla. But is the damage already done?verified_publisherCNNCNN — Elon Musk says he’s going back to Tesla. The question now is whether or not its too late to reverse the damage that’s been done. Musk told investors on Tuesday night he would step back from his role running the Department of Government Efficiency (DOGE) next month, spending only one or two days …
CNN Business1 day agoTrump goes after Federal Reserve’s Powell againverified_publisherCNNCNN — President Donald Trump said Wednesday that Federal Reserve Chair Jerome Powell has kept interest rates too high and that he might call the central bank chief. “I haven’t called him. I might call him,” Trump said in an Oval Office executive action signing ceremony Wednesday evening. “I believe …
CNN Business1 day agoWV farmers: ‘It’s not just tariffs, it’s the uncertainty’verified_publisherCNNEd Morgan and Becky Morgan join The Lead
CNN Business1 day agoTrump starts the clock for new tariffs to take effectverified_publisherCNNCNN — President Donald Trump said Wednesday that he could re-impose “reciprocal” tariffs on some countries in as soon as two or three weeks, a potentially significant re-escalation of the global trade war that has already raised fears of a US and global recession. “In the end, I think what’s going to …
CNN Business1 day agoTrump chaos has already damaged the economy. It may be too late to fixverified_publisherCNNNew York CNN — President Donald Trump appears to be walking back some of his more extreme positioning on the economy — pivoting yet again on his signature tariff agenda and renewing concerns that his haphazard approach has already done serious economic damage. On Tuesday, Trump softened on two key …
