His comments followed a period of turmoil on global stock markets as investors reacted to trade tariffs coming into force and the escalating trade war between the US and China. Powell said surveys of households and businesses reported a "sharp decline" in their sentiment over the economic outlook,

Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation

President Donald Trump hinted that he might temporarily relieve the auto industry from “permanent” tariffs he previously imposed on the business. The president didn't specify how long the potential pause would be or what it would entail,

Big Tech and auto shares rose after the U.S. removed smartphones and other electronics from its tariffs on China over the weekend, and after President Donald Trump added new wrinkles into his vacillating trade policy on Monday by suggesting he might grant exemptions on auto-related levies already in place.

US President Donald Trump's aggressive but fast-changing trade policy has foisted difficult questions on carmakers that they have not yet been forced to answer. Parker, who quipped that US tariff policy might have changed since he last checked his phone,

The Trump administration gave the tech industry and consumers a collective heart attack this morning with a statement that suggested the US would raise tariffs on China to 245%. The White House published an official fact sheet that said,

Only some Chinese goods, such as electric cars and syringes, are subject to a 245% duty. This is not a new, wide-ranging US tariff imposed on China, the White House says. Only some Chinese goods, such as electric cars and syringes,