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Trump Says Powell Should Resign if He Misled Congress

“Then he should resign immediately,” Trump said when asked about the allegations that Powell mischaracterized details about renovations at the Fed’s headquarters.

July 8, 2025

Trump to Impose 50% Copper Tariff, Delay Drug Duties

“I believe the tariff on copper we’re going to make it 50%,” President Donald Trump said when asked by a reporter what the rate on those products would be.

July 8, 2025

Ford Battery Plant Clears Hurdle With Tax Credit Win

A spokesperson said the Michigan facility is on schedule to open next year and will ultimately employ 1,700 workers as the company had projected when it downsized the project in late 2023.

July 8, 2025

Trump Says Aug. 1 Tariff Deadline Won’t Be Extended

President Donald Trump said he would not offer any extensions to a new Aug. 1 deadline for nations to begin paying so-called reciprocal tariffs.

July 8, 2025

Daimler Truck to Double Defense Business, Cut 5,000 Jobs

Daimler Truck said it plans to double the size of its defense business by 2030 as it seeks to profit from higher military spending globally, and will cut 5,000 jobs in Germany.

July 8, 2025

A Look at the 14 Countries That Received Trade Letters

Here's a look at the 14 countries that received letters from President Donald Trump outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.

July 8, 2025

Some Sellers Sit Out Amazon Prime Day Over Tariffs

Amazon’s Prime Day is slamming into President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out the sale and some shoppers hinting they plan to pull back.

July 8, 2025

Ram Pickup Trucks Back in NHTSA Probe After 7 Injuries

U.S. auto safety regulators are investigating whether earlier recalls of more than 1 million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly.

July 7, 2025

Fed Sees 9% Chance Rates Fall Back to Zero

The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers.

July 7, 2025

Trump Sends Tariff Threat Letters to Allied Nations

The letters issued July 7 so far appeared to largely be a novel method of again punting a looming July 9 deadline for so-called “reciprocal” tariffs until at least the beginning of August.

July 7, 2025