Money

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump, during his announcement last week of sweeping tariffs on countries around the world, called groceries an “old-fashioned” and “beautiful term.” But his policies will make America’s groceries more expensive today, supermarket executives and food industry experts say. Supermarkets sell imported items in every section

By Nectar Gan, CNN Hong Kong (CNN) — China has promised to take “resolute and effective measures” to safeguard its rights and interests, hours after US President Donald Trump’s 104% tariffs on Chinese imports took effect on Wednesday. “The United States is still imposing arbitrary tariffs on China and relentlessly applying extreme pressure. China firmly

CNN By John Liu, CNN (CNN) — US President Donald Trump has boasted “jobs and factories will come roaring back” as he unleashed unprecedented tariffs around the world during his “Liberation Day” address. With his sweeping global tariffs now in effect, steep price hikes on products ranging from clothing to electronics could largely be borne

By John Liu and Lisa Eadicicco, CNN (CNN) — US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month. But there’s one product the president is particularly eager to produce in the US: iPhones. “I have long ago

By John Towfighi, David Goldman and Anna Cooban, CNN New York (CNN) — US stocks skyrocketed higher after President Donald Trump announced that he authorized a 90-day pause on the “reciprocal” tariffs that had gone into effect Wednesday, with the exception of China. Wall Street had been on edge, looking for any sign that Trump

By Elisabeth Buchwald, CNN New York (CNN) — Despite rattled financial markets, threats of retaliation and some of President Donald Trump’s biggest supporters encouraging him to back off his signature economic policy, he didn’t give in. His administration piled on heaps of new “reciprocal” tariffs Wednesday on dozens of American allies and adversaries alike, aiming

CNN By Elisabeth Buchwald and Nectar Gan, CNN New York/Hong Kong (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second

CNN By Hadas Gold, CNN New York (CNN) — Elon Musk took another jab at President Donald Trump’s senior trade adviser Peter Navarro Tuesday, calling him a “moron” on social media as the Tesla CEO further splits from the White House’s tariffs plan. Musk’s remarks were in response to a CNBC interview with Navarro on

By Hadas Gold, CNN New York (CNN) — Elon Musk took another jab at President Donald Trump’s senior trade adviser Peter Navarro Tuesday, calling him a “moron” on social media as the Tesla CEO further splits from the White House’s tariffs plan. Musk’s remarks were in response to a CNBC interview with Navarro on that

By Elisabeth Buchwald and Nectar Gan, CNN New York/Hong Kong (CNN) — President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. This comes on top of Chinese tariffs that were in place prior to Trump’s second term.

CNN By Bryan Mena and Phil Mattingly, CNN (CNN) –– President Donald Trump’s US Trade Representative Jamieson Greer on Tuesday defended the administration’s expansive tariffs, saying that its concerns would not be resolved overnight, and in at least one case, the tariffs were about “running up the score.” Greer’s comments came during a routine hearing

By Anna Cooban, CNN London (CNN) — A top White House trade official has a message for world leaders caught in the crosshairs of US President Donald Trump’s tariff plans: it’s “just the beginning.” Peter Navarro, the president’s senior counselor on trade and manufacturing, wrote in an opinion piece in the Financial Times Monday that

By Jeanne Sahadi, CNN (CNN) — Your portfolio, whether in a 401(k), IRA or brokerage account, is almost certainly in the red year-to-date after the precipitous stock plunge over the past week following President Trump’s announcement of his tariffs regime. If you also have bonds and cash in your portfolio, the good news is that

By Bryan Mena and Phil Mattingly, CNN (CNN) –– President Donald Trump’s US Trade Representative Jamieson Greer on Tuesday defended the administration’s expansive tariffs, saying that its concerns would not be resolved overnight, and in at least one case, the tariffs were about “running up the score.” Greer’s comments came during a routine hearing with

By Matthew Kaufman, CNN New York (CNN) — Applying for a new job? A human resources representative or hiring manager may not be the first to review your resume. Instead, it might be an AI-powered tool. With some job postings attracting hundreds or thousands of applications, companies are increasingly using AI to sort through applicants

By Jordan Valinsky, CNN New York (CNN) — Cinnabon is facing an existential threat as it turns 40: How does a chain that’s become synonymous with the food court evolve when fewer malls are being built? GoTo Foods, Cinnabon’s parent company, isn’t looking too far for a solution. Next month, Cinnabon is opening a first-of-its-kind

By John Towfighi, David Goldman and Matt Egan, CNN New York (CNN) — What was a massive rally on Wall Street turned into yet another sizeable decline. Cheap stocks and hope for signs of trade negotiation sent markets surging Tuesday morning — but that relief rally evaporated as the White House said it would levy

By Brad Lendon, CNN Seoul, South Korea (CNN) — America’s largest military shipbuilder has signed a deal with a South Korean company that experts say could be a big step in helping the US Navy build new warships to keep pace with rival China in fleet size. Virginia-based HII (Huntington Ingalls Industries) and South Korea’s

CNN By Anna Cooban, CNN London (CNN) — Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world. Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going

CNN By Hadas Gold and Brian Stelter, CNN New York (CNN) — An errant post on X may have just shaken the stock market, showing how influential — and unreliable — the social media platform can be. Unsourced “headlines” about a potential “90-day pause in tariffs” sent markets into a state of turbulence Monday morning