Money

By Auzinea Bacon, CNN (CNN) — Stock futures rose Sunday after a temporary reprieve from tariffs on electronic imports from China by the Trump administration. Dow futures were up 0.5%, or 212 points. The S&P 500 futures rose 0.75%, while the tech-heavy Nasdaq Composite futures gained 1.26%, as of 6:18 pm ET. The Trump administration

By Auzinea Bacon, CNN (CNN) — Commerce Secretary Howard Lutnick said the Trump administration’s decision on Friday to exempt electronic devices — like smartphones, iPhones and laptops — from tariffs was only a temporary reprieve but those products will face separate levies, adding more confusion to an already chaotic rollout of tariffs on Chinese goods.

By Jordan Valinsky, CNN New York (CNN) — Record-high egg prices are probably forcing some people (or bunnies) to search for less-expensive alternatives this Easter. How about marshmallows? After all, the white coating makes it easy to dye, and priced around $2 a bag, the fluffy treats are more cost-efficient than their hard-shelled lookalikes. The

By Rosa de Acosta, CNN (CNN) — US President Donald Trump has imposed an additional 145% tariffs on all Chinese imports despite pausing his “reciprocal” levies on all other countries in a stunning reversal last week. But China is not backing down, saying it will “fight to the end” if Trump continues to escalate what

By Jeanne Sahadi, CNN (CNN) — It’s April 15 — otherwise known as “Tax Day” in the United States. While the IRS has already received a majority of the 2024 federal income tax returns typically filed by Tax Day — 101.422 million as of April 4, to be precise — US tax filers are expected

By Auzinea Bacon, CNN (CNN) — Electronics imported to the United States will be exempt from President Donald Trump’s reciprocal tariffs, according to a US Customs and Border Protection notice posted late Friday. Smartphones, computer monitors and various electronic parts are among the exempted products. The exemption applies to products entering the United States or

By Leigh Waldman and Joel Williams, CNN (CNN) — For nearly 30 years, Kevin Keyes and his brother-in-law Bob Chambers have run Dry Brook Sugar House in Salem, New York. Dry Brook Sugar House is nestled amid maple forests on the border of New York and Vermont. During this year’s maple season, which can run

By Elisabeth Buchwald, CNN (CNN) — Toys made in China have been exempt from tariffs since President Donald Trump’s first term. That is no longer the case. Last month, Trump raised tariff rates on China to 20%, dealing a big blow to the toy industry. But he didn’t stop there. Just a few weeks later,

By Lou Robinson, Rosa de Acosta, Elisabeth Buchwald, Soph Warnes and Rachel Wilson, CNN (CNN) — President Donald Trump and Chinese President Xi Jinping are about to meet in person for the first time in six years. The meeting in South Korea comes after months of intense back-and-forths between the leaders of the world’s two

CNN By David Goldman and John Towfighi, CNN (CNN) — President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the

By Alicia Wallace, CNN (CNN) — US wholesale prices fell last month, new data showed Friday, an indication that inflationary pressures weren’t necessarily building before they reach the consumer. The better-than-expected Producer Price Index reading — which showed that the prices paid to producers fell 0.4% in March from the month before and slowed sharply

By David Goldman and John Towfighi, CNN (CNN) — President Donald Trump and his advisers said this was the plan all along: Scare the bejesus out of the world by announcing astronomically high tariffs, get countries to come to the negotiating table, and — with the exception of China — back away from the most

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump’s deportation push is spooking Latino customers and hurting beer sales, according to Modelo and Corona owner Constellation Brands. Since taking office, Trump and his team have enacted aggressive measures to crack down on immigration, including invoking a rarely used wartime authority. The Trump administration

By Ramishah Maruf, CNN New York (CNN) — Retailers are freaking out over tariffs. President Donald Trump’s tariffs, if enacted after the 90-day suspension, will impact some of the biggest textiles exporters, including Bangladesh, Vietnam and Pakistan. The United States Fashion Industry Association — a trade organization representing the interests of importers, wholesalers and major

By Chris Isidore, CNN (CNN) — While the White House wages a trade war on behalf of US manufacturing, the largest and most important part of the American economy — one that has a trade surplus, not a gap — is under threat. The US trade gap, caused by American consumers and businesses importing more

By John Towfighi, CNN New York (CNN) — Global markets are reeling over President Donald Trump’s haphazard approach to tariffs and an escalating trade war with China. Stocks have been volatile, and an unsettling shift has emerged in the bond market. Earlier this week, as stock markets around the world declined, US Treasuries also sold

By Jordan Valinsky, CNN New York (CNN) — Amazon shoppers can likely expect some prices to rise due to the ongoing global trade war, the company’s CEO admitted. The online retailer’s network of third-party sellers “will pass that cost on,” Andy Jassy said Thursday on CNBC, in response to the impact of tariffs affecting product