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By Rachel Wilson, CNN (CNN) — President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday. About 60 countries or trading blocs will see even higher rates in an escalating move that is poised to initiate a global trade war. Many major US trading partners will be hit hard by

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle. For the first time since Trump’s return to the

By John Towfighi, CNN New York (CNN) — Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession. The Dow fell 1,679 points, or 3.98%. The broader S&P 500 was down by 4.84% and the tech-heavy

By David Goldman, CNN (CNN) — President Donald Trump’s massive tariffs announced on dozens of nations Wednesday were pitched as “reciprocal,” matching what other countries charge the United States dollar for dollar, even taking into account non-tariff barriers like value-added taxes and other such measures. But the actual calculation the Trump administration used is not

By Jordan Valinsky, CNN New York (CNN) — Subway is adding nachos to its menu, but with an unusual twist. The chain is partnering with Doritos to sell footlong nachos for $5, marking Subway’s latest addition to its popular Sidekicks menu that aims to attract budget-conscious customers. In a press release, Subway said the new

By Alicia Wallace, CNN (CNN) — More than 275,000 layoffs were announced last month, reaching a level not seen since the pandemic, according to a new report published Thursday. The biggest culprit was one particular employer: The federal government. The federal government announced plans to axe 216,215 jobs, accounting for nearly 80% of the 275,240

By Matt Egan, CNN New York (CNN) — There is nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields. “The cost of vehicles will go up. It’s just math. The bottom line is there is absolutely no vehicle that won’t be impacted by tariffs,”

By Clare Duffy, CNN New York (CNN) — Two US senators are demanding that artificial intelligence companies shed light on their safety practices. This comes months after several families — including a Florida mom whose 14-year-old son died by suicide — sued startup Character.AI, claiming its chatbots harmed their children. “We write to express our

By John Liu and Simone McCarthy, CNN Hong Kong (CNN) — China has vowed to hit back after President Donald Trump announced major new tariffs on its exports to the United States as part of his radical overhaul of a century of American global trade policy. Trump unveiled 54% tariffs on all Chinese imports into

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Wednesday unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a “declaration of economic independence.” Trump’s risky bet to address unfair trade practices could send prices higher for American consumers and weaken economic growth, according

By John Towfighi, CNN New York (CNN) — US stocks plunged in after-hours trading Wednesday as investors digested President Donald Trump’s decision to impose sweeping tariffs that could escalate a growing trade war and upend the global economy. Dow futures plummeted more than 1,100 points, or 2.7%. S&P 500 futures sank 3.9%. Futures tied to

CNN By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Wednesday unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a “declaration of economic independence.” Trump’s risky bet to address unfair trade practices could send prices higher for American consumers and weaken economic growth,

CNN staff (CNN) — Sweeping new tariffs are set to be rolled out by the Trump administration on Wednesday, potentially raising the costs for almost everything Americans buy. With inflation and high interest rates already contributing to vulnerabilities among consumers, CNN is asking you to tell us how all of this is changing your spending

By Ramishah Maruf, CNN New York (CNN) — With a 25% tariff about to hit every imported car, many Americans are wondering whether it’s better to buy or lease a vehicle before tariffs go into effect, or wait to see how things will play out. The simple answer is to buy now, experts say, especially

By Lisa Eadicicco, CNN New York (CNN) — Nintendo on Wednesday announced the Switch 2, the sequel to its wildly successful hybrid game console from over eight years ago. Now, the video game company must prove that it can follow one blockbuster hit with another, a goal it’s struggled to achieve in the past. Nintendo