Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

Key Takeaways Forecasters expect the economic shockwave from President Donald Trump's trade wars to hit the economy soon, as reflected in "hard data" such as unemployment and inflation statistics.Some forecasts show inflation rising first,

Donald Trump’s sweeping tariffs may be able to survive a legal challenge, thanks in part to a Japanese zipper company that sued the Nixon administration 50 years ago.

Former first lady Michelle Obama spoke out about President Donald Trump's sweeping global tariffs during the newest episode of her podcast, IMO with Michelle Obama and Craig Robinson.Newsweek reached out to Trump's representative via email for comment on Thursday.

It is not yet clear when that national security investigation will end, and if and how tariffs on pharmaceuticals will be implemented. But U.S. pharmacists are already stockpiling

At the Manheim Detroit auction center, dealers compete to secure cars and trucks to bulk up inventory with average used prices over $25,000.

Donald Trump plans tariffs on pharmaceutical imports, which has led healthcare experts to worry about drug shortages. Common drugs like painkillers and cancer medications could be affected. Generic drugs may become unprofitable.

Walmart has announced plans to lay off 1,500 corporate employees, part of what it calls a restructuring as it weighs plans to raise prices amid Trump administration tariffs.