Trump backs tax hike on the rich, but says GOP ‘probably’ shouldn’t do it
Trump's Truth Social post shows his willingness to buck traditional Republican opposition to taxing the rich as he seeks to…
Economy
First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
Chinese-made goods subject to President Trump's 145% tariffs have begun arriving at U.S. ports for companies from Amazon to Home…
Cargo thieves are attacking the U.S. supply chain at alarming rates
Numerous experts who spoke to CNBC estimate losses from cargo theft are close to $1 billion or more a year.…
Trump suggests cutting China tariff rate to still-high 80% ahead of Switzerland talks
Treasury Secretary Scott Bessent and other U.S. officials are set to speak with counterparts from China at a meeting in…
Apple says Epic Games contempt ruling could cost ‘substantial sums’
Apple wants a court to pause a decision in its case against Epic Games, and allow it to charge commission…
Trump crypto advisor David Bailey launching $300 million bitcoin investment company
David Bailey, CEO of BTC Inc. and a Trump crypto advisor, has raised $300 million to launch a publicly traded…
UK set to become the first country to sign a trade deal with U.S., The New York Times reports
NYT reported that the details around the deal were not clear, and it was uncertain if both sides will sign…
Trump digs in on high China tariffs ahead of trade talks
China said earlier it will enter upcoming talks in Switzerland with Treasury Secretary Scott Bessent “firmly” opposed to Trump's tariff…
Fed holds rates steady as it notes rising uncertainty and stagflation risk
The Federal Reserve held its key interest rate unchanged as it waits for Trump's trade policy to take shape and…