Trump says he’ll delay threatened 50% tariff on European Union until July
In a social media post Friday, Trump had threatened to impose the 50% tariff on EU goods, complaining that the 27-member bloc had been “very difficult to deal with” on trade.
Economy
Articles
Tariffs, inflation, leery customers hitting retailers in different ways
Retailers are trying to navigate their way through economic uncertainty in 2025.
Mickey Kim: Mitch Daniels, still the epitome of servant leadership, foresees crisis
Says former Gov. Mitch Daniels: “If [tariffs are] the way of getting the attention of trading partners, … then I can understand it. All I can say is, if that’s the game, then it better work fast.”
Inflation rose slightly in April compared to March, but at a slower annual pace
More than half of the monthly increase in April was fueled by a 0.3 percent increase in shelter costs, the labor department said.
Hoosier business executives say to voice tariff concerns, find alternative trade pathways
Representatives from Eli Lilly, Cook Medical and other Hoosier businesses gave advice about tariffs during the Indiana District Export Council’s annual trade and business conference Thursday at Newfields.
U.S. Sen. Todd Young partners on bipartisan bill to jumpstart domestic shipbuilding industry
Young, R-Indiana, and fellow Sen. Mark Kelly, D-Arizona, reintroduced legislation to jumpstart the country’s “rusted” shipbuilding industry and increase onshore ship production that has largely shifted to China.
Nation’s economy shrank 0.3% in first quarter as trade wars disrupted business
First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Trump imposed massive tariffs.
Job openings fell to 7.2 million in March, lowest level since September
Meanwhile, the number of Americans quitting their jobs—a sign of confidence in the economy—rose modestly. And layoffs fell to the lowest level since June.
Consumer confidence index sinks to lowest level in 5 years
The figures reflect a rapidly souring mood among consumers, most of whom expect prices to rise because of the widespread tariffs imposed by President Donald Trump.
Trump blasts Fed chair Powell and looks forward to his ‘termination’
The message, posted early Thursday, came one day after Fed Chair Jerome Powell warned that the administration’s trade war was “highly likely” to spur a temporary rise in inflation.
Powell says Fed can wait on any interest rate moves
Federal Reserve Chair Jerome Powell quoted Ferris Bueller during a speech about policy changes to the Economic Club of Chicago on Wednesday.
Potential impact of trade war on jobs, inflation sends consumer sentiment plunging
The share of respondents expecting unemployment to rise in the coming months increased for the fifth straight month and is now the highest since 2009 during the Great Recession.
Inflation fell last month as gas prices dropped sharply
U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
Trump says ‘be cool’ after tariffs, adds ‘great time to buy’
President Donald Trump comments are a sign the White House is closely monitoring market reaction to the administration’s sweeping reciprocal tariffs, which went into effect at 12:01 a.m. Wednesday.
Wall Street heavyweights take a drubbing, from airlines to Big Tech
Few sectors were spared in trading Friday, a day after U.S. companies lost $2 trillion in value.
U.S. added 228,000 jobs in March, nearly doubling expections
The unemployment rate rose modestly but for what economists consider a good reason: 232,000 people entered the labor force.
Consumers remained cautious about spending last month as inflation ticked higher
The spending increase was driven by greater purchases of long-lasting goods, such as cars and appliances, which could reflect an effort by shoppers to buy things before tariffs are imposed.
U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
A drop in business inventories shaved 0.84 percentage points off fourth-quarter GDP growth.
Consumer confidence tumbles to 12-year low
The Conference Board’s report Tuesday said that the measure of Americans’ short-term expectations for income, business and the job market fell 9.6 points, to 65.2.
FedEx shares fall after profit outlook is cut again on economic woes
An economic bellwether because of its broad exposure to the global economy, FedEx said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.