National and World News

Wall Street tumbles after Trump escalates his trade war; S&P 500 sinks 1.2%, and Dow drops 500

syndtrothMar 13, 2025
Wall Street tumbles after Trump escalates his trade war; S&P 500 sinks 1.2%, and Dow drops 500

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street’s sell-off is accelerating Thursday after President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol. Not even a double-shot of good news on…

Putin agrees in principle with proposal for Ukraine ceasefire and says more discussions are needed

Putin agrees in principle with proposal for Ukraine ceasefire and says more discussions are needed

Russian President Vladimir Putin said Thursday that he agrees in principle with a U.S. proposal for a 30-day ceasefire in Ukraine, but he emphasized that the terms are yet to be worked out and noted that any truce should…

Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tax

Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tax

By AAMER MADHANI and JOSH BOAK Associated Press WASHINGTON (AP) — President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.…

US inflation cooled last month, though trade war threatens to lift prices

US inflation cooled last month, though trade war threatens to lift prices

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to…

US resumes military aid and intelligence sharing as Ukraine says it is open to a 30-day ceasefire

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By MATTHEW LEE Associated Press JEDDAH, Saudi Arabia (AP) — The Trump administration lifted its suspension of military aid and intelligence sharing for Ukraine, and Kyiv signaled that it was open to a 30-day ceasefire…

Trump halts doubling of tariffs on Canadian metals, after Ontario suspends electricity price hikes

Trump halts doubling of tariffs on Canadian metals, after Ontario suspends electricity price hikes

By JOSH BOAK, ROB GILLIES and MICHELLE PRICE Associated Press WASHINGTON (AP) — President Donald Trump ‘s threat on Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada led the provincial government…