Layoffs are rising as economic growth slows. Are these temporary blips, or might a recession be in store over the second half of 2025?

President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.

His on-again, off-again approach to reshaping international trade is affecting the U.S. economy and the people in it.

The Trump administration began firing more than 1,000 State Department employees on Friday, as it moves to downsize the federal government’s diplomatic arm in what critics say is a risky retreat from America’s global engagement.

For the moment, businesses, households and financial markets are locked in an elaborate game of wait-and-see. Companies stocked up heavily early in the year in anticipation of tariffs. Indeed, they did so by enough to drag measured GDP growth into the red in the first quarter, as a surge of imports distorted the numbers.

TOKYO/NEW YORK -- U.S. President Donald Trump has extended the deadline to negotiate global trade deals to August 1 from July 9, giving nations a few more weeks of reprieve before so-called "reciprocal" tariff rates of up to 40% come into effect.

Over the first six months of the year, American job growth has slowed to a 15-year low. It's worth asking why.

President Donald Trump sent out a flurry of letters this week to U.S. trading partners threatening to raise their tariffs on Aug. 1 if they do not remove trade barriers. Here is how high he is setting import taxes for each country.

BMO economist Robert Kavcic discussed the potential effects of an announced 50 per cent tariff announced on copper exports to the U.S.,

The US job market continues to chug along despite heightened uncertainty about the economy and how President Donald Trump’s tariffs could shake out.