The Senate has confirmed former Sen. David Perdue as ambassador to China, just as the U.S. and China are locked in a tariff showdown that threatens to redefine diplomatic relations between the world's two largest economies. Perdue is a former business executive who served one term as a Republican U.S. senator from Georgia.
Many oil company executives celebrated Donald Trump's return to the White House. But now expectations of higher profits are fading amid fears of a recession.
A dozen states have sued the Trump administration in the U.S. Court of International Trade to stop its tariff policy, challenging Trump's claim that he could arbitrarily impose tariffs based on the International Emergency Economic Powers Act.
President Trump's sweeping tariff policy has upended the global economy. Zanny Minton Beddoes, the editor-in-chief of The Economist, likens it to The Art of the Deal — on steroids.
President Trump's rival advisors Peter Navarro and Elon Musk are in a war of words over whether Tesla relies on imported parts. Musk has the facts on his side.
What began as a misquoted Fox News interview led to a flood of false and misleading posts on X. Before it was corrected, stock markets rallied then plummeted again.
Shares nosedived around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs. Trump has defended the tariffs: "You have to take medicine to fix something."
In recent weeks, you've likely heard a lot about rare-earth substances with hard-to-pronounce names, but experts warn that the shortage of another crucial metal, copper, could be just as concerning.
Scotch whisky and other goods have been subject to a 25% tariff. The levies cost companies hundreds of millions of dollars in lost exports, according to the Scotch industry.
The world has six fewer North Atlantic Right Whales after a summer of loss for the endangered species. Four of the animals have died in the last week...
