US President Donald Trump has imposed a blanket 10% levy on most goods from trading partners around the world.

Lululemon Athletica Inc. posted a second straight disappointing quarter, fueling concerns that rising competition and new tariffs are derailing the company’s ambitious growth plans.

Winnebago’s stock dropped after the RV maker issued a profit warning and said it was cutting jobs, as the Trump presidency hasn’t provided the retail momentum that was hoped for.

The tech billionaire has suddenly fallen out with Donald Trump, and the two are jousting on social media.

Elon Musk said President Trump’s tariff policies will cause a recession in the second half of the year. The post was in response to a user on his social media platform X who wrote “can i finally say that trump’s tariffs are super stupid.

Elon Musk claimed that “the real reason” the remaining files have not been made public is because Trump appears in them.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

Even before Donald Trump’s “Liberation Day” tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago’s business school was that Mr Trump’s levies would raise inflation in 2025 by 0.

President Trump's 50% tariffs on steel and aluminum tariffs have gone into effect. NBC News Senior Business Correspondent Christine Romans reports more. Council on Foreign Relations President Michael Froman and former Chief Strategist for the Bush-Cheney 2004 campaign Matthew Dowd join Katy Tur to break down the economic impact.