Economy
Trump’s tougher border image is starting to cost billions in tourism
The U.S. recorded a sharp drop in international tourism in 2025 despite continued growth in global travel demand, according to data from the National Travel and Tourism Office (NTTO). Analysts cited…
Majority of Americans say the American Dream is slipping out of reach, new poll finds
A majority of Americans now say the promise of upward mobility is harder to achieve than it was for their parents, according to a new Times/YouGov poll. Fifty-nine percent of respondents said success…
Trump admin begins collecting 10% global tariff amid promise of higher rate
Following the Supreme Court’s ruling last week, the Trump administration has begun collecting a 10% global import tariff Tuesday, with plans to raise it to 15%. Latest developments: After the Supreme…
California tax fight spotlights how billionaires escape taxes
As wealthy donors commit at least $35 million to defeating California’s proposed 5% tax on billionaires, the escalating campaign is focusing attention on how much of the nation’s largest fortunes go…
AAPI adults are uneasy about what comes next
Rising costs, health care and immigration top the list of issues Asian American, Native Hawaiian and Pacific Islander adults want the government to address in 2026, according to a recent survey by…
Nvidia’s Jensen Huang ‘perfectly fine’ with prospect of California billionaire tax
Nvidia CEO Jensen Huang told Bloomberg Television in an interview that California’s proposed billionaire wealth tax does not concern him. The proposal would tax individuals with net worth exceeding…
Ramaswamy attempts to reconnect to skeptical GOP base with moon base proposal
Ohio gubernatorial candidate Vivek Ramaswamy wrote a New York Times essay published Wednesday promoting a large-scale national project, including a moon base, that he hopes would provide Americans…
Ultra-rich 0.001% control triple the wealth of poorest half of humanity: report
Global wealth has reached a level of concentration that researchers describe as extreme, according to the World Inequality Report 2026. The study, conducted by the World Inequality Lab, finds that…
Amazon workers say AI push threatens democracy and the world
More than 1,000 Amazon employees said on Tuesday that the company’s rapid artificial intelligence (AI) rollout is putting jobs, democratic institutions and the environment at risk. In an open letter…
SNAP freeze leaves Asian American families scrambling for food
The Trump administration’s month-long government shutdown cut off food stamp benefits for millions of Asian Americans over the weekend, leaving families across the country struggling to afford…
How Trump’s immigration policies will hit Asian workers hardest
The Trump administration’s immigration policies will reduce the U.S. labor force by 15.7 million workers by 2035, including 4.7 million from legal immigration restrictions that disproportionately…
Trump and Beijing exchange fresh threats as trade war intensifies
President Donald Trump on Tuesday threatened to ban Chinese cooking oil imports in retaliation for Beijing’s refusal to buy American soybeans, marking a sharp new turn in the trade war between the…
‘Godfather of AI’ warns AI will cause ‘massive unemployment,’ widen wealth gap
Computer scientist Geoffrey Hinton, often called the “godfather of AI” for his pioneering work in machine learning, said in an interview with the Financial Times earlier this month that capitalism…
Japan auto tariffs cut down to 15%
American consumers will see reduced costs for Japanese vehicles under a new trade agreement that cuts import tariffs from 27.5% to 15% on automobiles. An executive order signed by President Donald…
Trump plans Supreme Court challenge to ruling that most of his tariffs are illegal
The White House is expected to appeal a federal court decision that declared most of President Donald Trump’s tariffs unlawful, with an administration official reportedly confirming plans to take the…
Era of cheap Asian goods ends as Trump closes tariff loophole
President Donald Trump’s elimination of the de minimis exemption last week officially ended nearly a century of duty-free imports under $800, marking the conclusion of an era that fueled explosive…
Punitive 50% tariff dampens US-India relations
President Donald Trump’s 50% tariff on Indian goods took effect Wednesday, escalating a trade dispute that has damaged relations between Washington and New Delhi over India’s Russian oil purchases.…
Trump extends China deadline as Asian markets reel from tariff blitz
President Donald Trump has delayed tariffs on Chinese goods from resuming for another 90 days, extending the deadline until mid-November as global trade tensions continue to reshape economic…
How Trump’s economic takeover mirrors Beijing’s playbook
President Donald Trump’s second-term push to control American business through state-directed policies has drawn sharp comparisons to China’s authoritarian economic model, marking a dramatic break…
Trump’s tariff blitz reshapes Asian trade landscape
President Donald Trump imposed sweeping tariffs on dozens of countries Friday, sending U.S. stocks tumbling and establishing rates on nearly every trading partner while talks with China continue. By…
Value of college education tested as Gen Z grads face rising unemployment
The traditional advantage of higher education is being put into question as unemployment continues to rise among recent college graduates, challenging the value of degrees Asian American families…
Trump reveals he wanted to break up Nvidia before learning about Jensen Huang
President Donald Trump recently revealed he once proposed breaking up Nvidia to reduce its dominance in AI chips but changed his mind after learning more about the company and its CEO Jensen Huang.…
Trump unveils major Asia trade deals as deadline approaches
President Donald Trump announced new trade agreements with Japan, the Philippines and Indonesia this week as the Trump-imposed August 1 tariff deadline approaches. Japan
Americans’ support for Trump deportation plan drops as economy concerns rise: poll
A new CBS News/YouGov poll shows that support for former President Donald Trump’s mass deportation program has fallen, with more Americans now opposing the plan than approving of it. The survey,…
AI could wipe out half of white-collar entry jobs, experts warn
Artificial intelligence is poised to eliminate up to 50% of entry-level white-collar jobs within five years, according to Dario Amodei, CEO of AI company Anthropic. In a recent interview with Axios,…
Trump announces new Asian tariffs after failing to secure trade deals by deadline
U.S. President Donald Trump on Monday announced that he had sent letters to the heads of several Asian countries, informing them of a new round of “reciprocal” tariffs after talks failed to produce…
Trump warns ‘Mr Japan’ of steep tariffs ahead of July 9 deadline
President Donald Trump said he plans to send a letter to “Mr Japan” warning of renewed U.S. tariffs if no trade agreement is reached by July 9. Speaking to Fox News on July 1, Trump said: “I could…
Why Iran’s Strait of Hormuz matters to Asia
Iran’s potential closure of the Strait of Hormuz could severely impact Asian economies heavily dependent on Middle Eastern energy supplies, following escalating tensions after U.S. military action…
Trump claims ‘done deal’ with China … but is it, really?
President Donald Trump announced Wednesday that a U.S.-China trade deal is “done” after two days of high-stakes negotiations in London, but observers say it just put Washington in a circle. Catch up
Uncertainties linger as US, China agree to 90-day tariff truce
President Donald Trump and China reached a dramatic de-escalation in their trade war, slashing tariffs by 115 percentage points effective Wednesday. But while the news sends global markets soaring,…
Chinatown businesses from coast to coast sound alarm over Trump’s China tariff
President Donald Trump’s tariff on Chinese imports continues to impact small businesses in Chinatowns across major cities, threatening their survival and the cultural fabric of communities that have…
Vietnam races against time as Trump’s tariff deadline looms
The U.S. and Vietnam have kicked off critical trade negotiations as the Southeast Asian nation faces a potential 46% tariff that could significantly impact its export-driven economy. State of play
Inventory shortages, rising prices expected as Trump’s China tariffs continue
President Donald Trump’s 145% tariffs on Chinese imports are causing significant supply disruptions and threatening higher prices for U.S. consumers as retailers warn of impending inventory…
Shein, Temu prices soar as Trump’s tariffs near
Chinese e-commerce platforms Shein and Temu have substantially increased prices for U.S. consumers ahead of President Donald Trump’s closure of a key import loophole taking effect this Friday. What…
Chinatown businesses in hoarding war as Trump’s tariffs remain in effect
Chinese American businesses in major cities have found themselves locked in a stockpiling frenzy as President Donald Trump’s tariffs on Chinese imports — which jumped from 34% to 145% in just weeks —…
Trump signals retreat on China tariffs
President Donald Trump announced this week that his administration’s record tariffs on Chinese goods will “come down substantially,” marking a potential reversal in the escalating trade war that has…
