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U.S. stocks are flying higher after President Donald Trump announced a drop in some of his tariffs, except for China. The S&P 500 was up 5.7% after erasing an earlier loss of 0.7%
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News and Media
Trump's tariffs include 104 per cent on products from China, 20 per cent on the European Union, 24 per cent on Japan and 25 per cent on South Korea. Administration officials have tried to reassure voters, Republican lawmakers and CEOs that the rates are negotiable, but by their own admission that process could take months.
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News and Media
Anger over Elon Musk's role in the Trump administration is creating opportunities for EV automakers like Rivian, which has a factory in Normal, Illinois.
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News and Media
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