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© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to…

White House senior counselor for trade and manufacturing Peter Navarro said in an interview that Vietnam’s offer for 0% tariffs on U.S. imports “means nothing.” He added that getting rid of tariffs on the U.S. is just a start and shifted the emphasis to non-tariff trade barriers and other issues which would require major internal shifts in target countries. Vietnam…

A conservative think tank found the White House measured retail price elasticity when it should have used import price elasticity. That mistake meant the tariff outputs were about four times higher than they should have been.  The formula the White House used to calculate its recent tariff is based on an error that roughly quadrupled the rates from what they…

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he is expected to announce Wednesday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike. Since the 1960s, tariffs — or import taxes — have emerged from negotiations between dozens of countries. Trump wants to seize…

In the span of just three weeks, Rocket Cos. has thrown around more than $11 billion in a bid to reshape the way Americans buy, sell and finance their homes. The goal: make everything run through Rocket, from start to finish. In Rocket’s vision of the housing market, buyers and sellers will connect through Redfin Corp., the home-search platform it agreed to…

Top national security officials for President Donald Trump, including his defense secretary, texted war plans for upcoming military strikes in Yemen to a group chat in a secure messaging app that included the editor-in-chief for The Atlantic, the magazine reported in a story posted online Monday. The National Security Council said the text chain “appears to be authentic.” The material…

President Donald Trump’s crypto portfolio continues to grow. His crypto project World Liberty Financial has launched a stablecoin, or a token pegged to a fiat currency like the U.S. dollar, according to Bitcoin or Ethereum can soar or plummet 10% in hours. As their name implies, stablecoins are designed not to fluctuate. This is achieved by creating a reserve, typically…

A growing share of US consumers say they’re not seeking loans because they expect to be refused amid tight credit conditions, according to data from the Federal Reserve Bank of New York.  The share of discouraged borrowers, defined as respondents who said they needed credit but didn’t apply because they didn’t expect to get approved, climbed to 8.5% in the…

Turkish President and leader of the Justice and Development (AK) Party, Recep Tayyip Erdogan speaks during the Iftar dinner with members of the AK Party’s CDAC and Women’s, Youth and Other Branches at the AK Party Congress Centre in Ankara, Turkiye on March 17, 2025. Photo by TUR Presidency / Murat Kula / Handout/Anadolu via Getty Images Source link