American families are cutting back on summer camps and vacations and delaying major purchases as they prepare to weather a trade war.

Japan is "deeply concerned" over global economic fallout from U.S. President Donald Trump's trade tariffs, Finance Minister Katsunobu Kato said on Thursday in the government's strongest warning yet as the two nations began trade talks.

Japan recorded a trade deficit for the fiscal year that just ended but racked up a $63 billion surplus with the United States

U.S. President Donald Trump said Thursday that Federal Reserve Chair Jerome Powell’ s termination “cannot come fast enough” as he reiterated his frustration that the Fed hasn’t aggressively cut interest rates.

U.S. Federal Reserve Chair Jerome Powell said on Wednesday (April 16) that trade policies pursued by the Trump administration will create challenges for the central bank to meet its job and inflation mandates this year.

The head of the Federal Reserve says don't expect any interest rate cuts anytime soon. The central bank says the numbers show President Trump's tariffs will lead to higher inflation, higher unemployment and slower economic growth.

The U.S. and China are engaged in an intensifying trade war, with Trump now aiming to blunt one of Beijing's crucial weapons.

China has warned of Trump tariff shocks to its already sluggish economy even as it grew by 5.4% in the first quarter year-on-year . The numbers beat expectations but this data cov