Elon Musk has reignited his criticism of Donald Trump’s trade policies, warning that the president’s proposed tariffs could tip the U.S. into a recession. Responding to Dogecoin co-creator Billy Markus — known on X as @BillyM2k — who wrote,

The world’s richest man said the world’s most powerful man will drag the United States into recession during the second half of 2025. The comment, which Elon Musk made about President Donald Trump’s economic policies,

Donald Trump's wide-ranging taxes on imports were reinstated this week after being deemed illegal by a trade court. Their ultimate fate is yet to be decided.

The US trade deficit more than halved in April as President Donald Trump's global tariffs reversed an import surge that preceded the new duties.

President Donald Trump and Chinese counterpart Xi Jinping have spoken amid stalled negotiations between their countries over tariffs that have roiled global trade.

News of the call came as new data showed U.S. goods imports dropped significantly in April as sweeping tariffs rolled out.

China has accused President Donald Trump of causing severe disruption to global supply chains after he doubled the United States' steel and aluminum tariffs to 50 percent. Trump hiked the Section 232 tariffs in a proclamation that took effect on June 4,

German Chancellor Friedrich Merz is in Washington D.C. Thursday to meet with President Donald Trump in person for the first time.

German Chancellor Friedrich Merz has veered between boasting about common ground with Donald Trump to bemoaning the US president’s volatility and even mocking his bravado. Now, for the first time, he gets to deal with him face to face.