Trump meets with US retailers to discuss tariffs

Trump: Grocery Prices ‘Way Down’

President Donald Trump promoted good news concerning the U.S. economy on Thursday morning. It was reported early Thursday that household goods and packaged food makers are easing U.S. price increases to avoid losing American shoppers to retailers’ less expensive private-label brands as a global trade war tests the limits of their pricing power at grocery stores. Also, forecasts suggest gasoline and diesel fuel prices could dip to five-year lows …

“Ultimate Grifter”: Bob Kuttner on How Trump Could Drop His Tariffs & Take Credit for Saving Economy

President Trump is facing increasing criticism from big businesses over his decision to launch a global trade war. On Monday, CEOs of Walmart, Target and Home Depot met with Trump at the White House to warn about Trump’s trade policies. A day later, Trump signaled he is open to substantially lowering tariffs on China. Trump has also toned down his attacks on Federal Reserve Chair Jerome Powell, whom he had previously threatened to fire. This all

Donald Trump tariff chaos as US supermarket bosses issue empty shelves warning

Donald Trump softened his stance on tariffs after a private White House meeting with the bosses of Walmart, Target and Home Depot.

'It just kneecaps ya': Oil execs say Trump's plan will 'backfire' as it derails drilling

Despite Donald Trump's exhortation to "drill baby drill," oil industry executives are throwing up their hands at the president giving them free rein to forge ahead while at the same time making it unprofitable to do so.The problem? Tariffs that have made buying needed equipment too expensive, as well as the threat of a looming recession, which would decrease demand.According to a report from NPR, in the energy-rich Permian Basin, the remaining d…

Tariffs Begin Choking Off Shipments to US Ports

As the trade war rages on, big box stores are fearful of big empty shelves. And, according to an Axios report, they’re letting the White House know it. This week, the CEOs of Target, Walmart, and Home Depot convened with the president to warn that supply chain disruptions caused by tariffs will lead to notable product shortages in their stores within just a couple of weeks, sources told Axios. The scare may have worked: On Wednesday, The Wall St…

Trump cabinet member visits central Pa. manufacturer as trade fallout continues

The head of the federal Small Business Administration visited Highspire on Wednesday to promote the agency’s economic growth plan — even as trade policies coming from the White House have already shown signs of scuttling the very industries the SBA is trying to help.