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The Senate passed a resolution Wednesday night that would thwart President Donald Trump's ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled sweeping plans to clamp down on international trade.
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The sweeping new tariffs announced Wednesday by U.S. President Donald Trump were met initially with measured reactions from key trading partners, highlighting the lack of appetite for a full-fledged trade war.
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Stock futures tumble as US reveals plans to impose 10% universal levies and higher ‘reciprocal' duties
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Trump gives GOP senators his support as they charge ahead on tax package and spending cuts AP NewsSenate Republicans move forward with their budget plan to promote Trump's agenda NPRSCOOP: Lindsey Graham amendment signals GOP budget breakthrough, sets stage for Trump agenda Fox NewsHouse deficit hawks' message to Senate on its budget: ‘Go back to
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AppLovin and Amazon Emerge as TikTok Bidders Ahead of Trump's Deadline WSJAmazon Said to Make a Bid to Buy TikTok in the U.S. The New York TimesTrump to weigh options for potential TikTok deal, sources say, with ban days away CNNTikTok bidders pile up as deadline looms with Amazon, OnlyFans founder in mix Reuters
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Dow closes more than 200 points higher ahead of Trump's tariff rollout: Live updates CNBCU.S. stocks drop after hours as Trump imposes sweeping tariffs, S&P 500 ETF falls 2%: Live updates CNBCStocks Post Gains Ahead of Trump Tariff Announcement WSJStock market today: Stock futures sink after Trump's 'Liberation Day' tariffs shock markets Yahoo Finance
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Elon Musk recently suggested that he will be done with his work at DOGE in the near future.
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President Trump unveiled sweeping tariffs that included so-called reciprocal actions on dozens of other countries at very high levels.
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Tariffs on imported cars, combined with general tariffs, will raise prices that buyers face, whether they are buying foreign or domestic cars, or even used cars.
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Investors, consumers, executives and traders were already losing confidence in the economy before today.
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The Senate plan will allow for a $4 trillion extension of Trump's tax cuts and an additional $1.5 trillion in further levy reductions.
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Advertisers are seeking flexible terms with media companies as uncertainty grows from President Donald Trump's looming tariffs.
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The initial market reaction suggested that the scale of the tariffs on Wednesday had come as a surprise and analysts were still trying to figure out how they had been derived.
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Trump slaps big reciprocal tariffs on countries around the world; markets drop: Live updates CNBCTrump to roll out sweeping new tariffs CNNTrump tariffs live updates: Trump to reveal tariff plans in 'Liberation Day' event Yahoo FinanceTrump Tariffs Live Updates: 'Liberation Day' Announcement Could Upend Global Trade The New York Times
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Elon Musk set to soon step down from lead Trump role as service limit nears The GuardianMusk not leaving yet, wrapping up work on schedule once 'incredible work at DOGE is complete': White House Fox NewsMusk's day of reckoning PoliticoTesla stock pops after report Musk will step back from government role 'in the coming weeks'
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None of the nation's top-10 firms by revenue have signed a legal brief demonstrating support for the law firm that is resisting an executive order.
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President Trump and top officials are considering a deal that would create a new U.S. entity and lease TikTok's algorithm to get around China export regulations.
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The president just launched a global trade war that he says will restore American manufacturing. His critics say it will send the country into recession.
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Senate Republicans release budget blueprint with new tax cuts and a $5 trillion debt limit hike NBC NewsSenate Republicans move forward with their budget plan to promote Trump's agenda NPRSCOOP: Lindsey Graham amendment signals GOP budget breakthrough, sets stage for Trump agenda Fox NewsTrump gives GOP senators his sup
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President Trump says that countries have been ripping off the United States for decades. There is some truth to that argument — but also a lot of hypocrisy.
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A family business in Ottawa that makes special shoulder rests for violins is imperiled by both Trump's tariffs on Canada and potential Canadian retaliation.
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Newsmax shares soared for a second day after their public debut, as the conservative news channel gains traction during President Donald Trump's second term.
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There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and sold, in an economy. GDP tells us how hot the economy is running, or how cool — like if we might be heading into a recession. And it's an important tool to compare countries, policies, and politicians. It's used by the U.S. government to allocate money and by businesses to make decisions about the future.
For close to a century the building blocks of GDP have been the same. Now Commerce Secretary Howard Lutnick, has proposed a big change: taking government spending out of GDP.
On today's show, can the U.S. change how it measures GDP? We talk with a former head of the BEA — about what he thinks they're likely to do now, and about the pressure he faced while trying to compile GDP for nearly two decades. Turns out, people have always been trying to bend it to make whatever grand project they're working on look better.
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