U.S. stocks surged on Wednesday after President Donald Trump announced a 90-day pause on the higher tariffs he had imposed on most countries — except for China.
The severe change in economic policy has rocked financial markets globally. But how could these tariffs affect markets in Minnesota? Two retailers expressed their disappointment and hope.
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125 percent.
A new report from a left-leaning Center on Budget and Policy Priorities finds that upcoming changes to Social Security will amount to a “45-mile trip for some 6 million seniors.”
The nearly 2,700-mile Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, halting the flow of millions of gallons of crude oil from Canada to refineries in the U.S. and potentially leading to higher gasoline prices.
President Trump has said tariffs will counter imbalance in the country’s trade partnerships, but experts have warned this could lead to higher costs for American businesses and consumers — which could mean more people shop secondhand.
The city of St. Paul has condemned a major downtown parking ramp, alleging the building owner has not been properly maintaining the facility. The ramp is owned by Madison Equities, which walked away from the nearby Alliance Bank Center last month.
After major slides in equity trading across the world, any slight uptick in stock prices will only repair part of the destruction of trillions of dollars in investor wealth over the past few days.
The Trump administration's tariffs are fueling concerns about a potential recession, with several major banks increasing their forecasts. What is recession and who declares one?
Asian grocery stores are a lifeline to the communities they serve. But store owners say the prospect of sweeping tariffs are threatening their ability to stock up on goods and keep prices affordable.
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