Two days after threatening to impose a 50% tariff on imports from the European Union, President Trump on Sunday paused the levies until July and said talks would start "rapidly."
Why it matters: The threat of such a large tariff, on more than $600 billion of goods, sent a chill through markets that feared a sudden re-escalation of the trade war.
What do luxury apparel fans and little kids have in common?
Their favorite brands may have to hike prices due to tariff strain.
The big picture: From Ralph Lauren to Barbie maker Mattel, several household names have recently announced they're looking at higher prices in an effort to offset tariffs.
A dual U.S.-German citizen was arrested for allegedly trying to firebomb the U.S. Embassy branch office in Tel Aviv, Israel, this month, the Department of Justice said Sunday.
The big picture: Joseph Neumayer, 28, allegedly posted on social media that he planned to "burn down the embassy" in Tel Aviv before traveling there, writing, "Death to America," according to a DOJ release.
But some senators are airing their grievances with the sweeping legislation.
The big picture: Republican infighting threatened to tank the GOP-only legislation in the House before it narrowly passed Thursday, and some senators have made it clear they don't back the bill in its current form.
Sen. Ron Johnson (R-Wis.), a fiscal hawk who has openly criticized House Republicans' reconciliation bill, predicted Sunday that there are enough in his flock to stop the process "until the president gets serious about spending reduction and reducing the deficit."
The big picture: PushingPresident Trump's "big, beautiful bill" through the House was far from a painless process, but the fiscal package now heads to the Senate, where the chamber is likely to make changes.
A federal judge on Friday ordered the Trump administration to facilitate the return of a gay Guatemalan man who was deported to Mexico despite him saying he had faced violence there.
The big picture: The order to facilitate the return of yet another deportee in a case with similarities to that of Kilmar Armando Ábrego García's battle for release marks an escalation in pressure on the Department of Homeland Security amid its high-speed deportation push.
President Trump may paint China as the enemy, but lately he's been awfully fond of their command-economy playbook.
Why it matters: Trump's extraordinary interventions — which dovetail with what some critics have labeled "MAGA Maoism" — are rattling businesses, consumers and investors, and throwing global markets into turmoil.
Most Americans say they still support goals of the 2020 racial reckoning, including increasing diversity in the workplace and school curricula and recognizing the legacy of enslavement, per a recent survey.
The big picture: Five years after George Floyd's death led to global protests, many of the corporate and institutional pledges inspired by them have fizzled under Trump 2.0. But the survey found glimmers of support for the ideas the protests helped make more mainstream.
The Class of 2025 is begrudgingly entering a job market that is not welcoming them with open arms.
Why it matters: New grads are pessimistic entering the workforce, as the economy could slow. History shows that people who started their careers during economic downturns struggle throughout their lives.
The penny coin is getting phased out, a cost-cutting move that could ripple through consumer behavior, retailers' pricing strategies and cash transactions.
President Trump gave the commencement address for the U.S. Military Academy at West Point on Saturday, in his speech refusing to cut the $1 trillion military budget and praising who he called the "first West Point graduates of the Golden Age."
Planned Parenthood North Central States said Friday that it plans to close over a third of its health centers across Minnesota and Iowa and lay off dozens of staff members in light of looming federal funding cuts and other budget constraints.
Brands tied to masculinity or “the manosphere” — like UFC, DraftKings and John Deere — are on Americans’ minds, per this year’s Axios Harris Poll 100, which assigns brands scores based on factors like trust, products and services, vision and culture.
Why it matters: Some brands are breaking into the list for the first time, driven in part by the rising influence of the manosphere across social media.
