Trump steers the world toward a tax war

Labour’s Andy Burnham has won the crucial Makerfield by-election in the UK, a resurgence in the dollar is reversing bets on the currencies of big emerging markets and major commodity producers, insurers are trying to define “war” as a type of risk, and the Bank of England held in ...  Show more

The Federal Reserve has dropped its bias towards lowering rates in the central bank’s first meeting chaired by Kevin Warsh, President Donald Trump said the US would release frozen Iranian funds, and UK inflation held unexpectedly steady last month. Plus, Chinese tech giant Huawei ...  Show more

President Trump faces questions on whether tariffs will remain in place as he welcomes trade negotiations with other countries. Forecasters warn of a heightened risk of recession as tariffs could mean higher prices and slower economic growth. And, the Trump administration has two ...  Show more

Some Republican leaders are squirming to keep Pete Hegseth’s name in the hat as president-elect Donald Trump’s defense secretary nominee—at all costs, said The New Abnormal co-hosts Andy Levy and Danielle Moodie. Plus! Christopher Robbins, reporter and co-founder of local news ou ...  Show more

President Trump's new tariffs went into effect just after midnight as U.S. trade partners seek negotiations. President Trump has raised the import tax on Chinese goods to a minimum of 104 percent. And, the U.S. Supreme Court has said the Trump administration is free to proceed wi ...  Show more

President Trump walks back a weekend social media post warning Chicago is “about to find out why it’s called the Department of WAR,” while the city braces for possible immigration crackdowns and National Guard deployment. Jury selection begins for Ryan Routh, the man accused of a ...  Show more