Bharat Ramamurti, former deputy director of the National Economic Council, talks with Jen Psaki about the number of Americans who will be hurt by the new Republican budget bill and why tariffs on European goods will make the economics for American manufacturers worse.

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

U.S. stocks fell on Friday, notching a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty.

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,

Out East, a panic is brewing as tariffs loom. “It’s the toilet paper of March 2025,” one Hamptonite said. “It,” in this case, is pink wine.

Gold prices rose 2% on Friday and were headed for their best week in six, as investors sought the safe-haven asset amid renewed tariff threats from U.S. President Donald Trump and a weaker dollar. Spot gold gained 2% to $3,

President Donald Trump has ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs.

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