Donald Trump’s commerce secretary, meanwhile, promised that employment would go up as a result of the tariffs.

The move comes after demands by the federal government to identify potential cost cuts to existing projects.

That program and others were slashed this week amid after a sweeping reorganization of the department, which led to mass layoffs and other cuts.

The U.S. was already flirting with the first decline in economic growth in three years before President Donald Trump unveiled his latest round of tariffs on Wednesday. Now economists say two quarters ...

S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff, their biggest one-day loss since ...

Car companies like Ford and Dodge-owner Stellantis are responding to Trump's auto tariffs with discounts, fees, and ...

From price hikes to expanded incentives and even layoffs, automakers are responding to President Trump’s unprecedented ...

Layoffs driven by Department of Government Efficiency (DOGE) cuts to the federal workforce totaled 275,240 in March, ...

More than 275,000 layoffs were announced last month, reaching a level not seen since the pandemic, according to a new report published Thursday.

A surge in federal government job cuts contributed to a near record-setting pace for announced layoffs in March, exceeded ...

The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as allies and adversaries alike criticized ...

The new tariffs — coming on what Trump has called “Liberation Day” — is a bid to boost U.S. manufacturing and punish other ...