President Donald Trump’s tariff policies are projected to cut California’s tax revenue by $16 billion in the next fiscal year, Governor Gavin Newsom’s finance department said in a memo. The 4% drop in revenue from a previous estimate is largely due to a stock market downturn last month after the president announced his sweeping tariff campaign on April 2,

Markets cheer tariff reprieve, Republican budget proposal includes funding cuts to Medicaid, Tesla worth $1 trillion, more news to start your day.

The stock markets are soaring, but will President Donald Trump also enjoy a political payoff in public opinion polling in the wake of a tariff truce with China?

President Trump’s “Liberation Day” tariffs faced their most significant legal scrutiny yet Tuesday as a group of small businesses asserted to a three-judge panel that Trump exceeded his authority.

President Trump’s first 100 days in office have been marked by economic disruption and uncertainty in the stock market. The S&P 500 index fell around 8% during this period, its worst performance since 1974.

Trump avoids repeating Herbert Hoover’s Smoot-Hawley tariff mistake, which led to companies slashing dividend payouts.

Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy. Overall consumer prices increased 2.

President Trump is resetting on tariffs after almost six weeks of turmoil that threatened to upend his second term. A Monday announcement that the United States and China had come to an agreement

Trump's tariffs are expected to drive up prices on electronics, furniture, and appliances, prompting some consumers to shop early before increases take effect.

Governor Gavin Newsom’s finance team warned in a memo released on Tuesday that California expects to lose $16 billion in tax money next year because of President Donald Trump’s tariff plan. The memo says revenue in the fiscal year that starts in July will fall 4% from the state’s earlier forecast.

Gov. Gavin Newsom's administration is projecting that the White House's on-again-off-again tariffs will blow a $16 billion hole in California's budget in the next fiscal year, according to a memo obtained by POLITICO.