California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.

Gov. Gavin Newsom and AG Rob Bonta say Trump's emergency tariffs illegally harm California, the nation's largest manufacturing and farming state

Gov. Gavin Newsom and state Attorney General Rob Bonta are suing President Donald Trump to challenge his authority to unilaterally enact tariffs without congressional approval. “President Trump’s unlawful tariffs are wreaking chaos on California families,

Ford Motor may raise prices of its new vehicles in May if U.S. President Donald Trump's auto tariffs are not eased, Automotive News reported on Wednesday, citing a memo to dealers. Both U.S. and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and substantial discounts.

Ford Motor may raise prices on its new vehicles if President Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2.

US President Donald Trump's aggressive but fast-changing trade policy has foisted difficult questions on carmakers that they have not yet been forced to answer. Parker, who quipped that US tariff policy might have changed since he last checked his phone,

Powell made the remarks while addressing the Economic Club of Chicago on Apr. 16. Powell added that the tariffs are highly likely to cause a rise in inflation, at least temporaril

Federal Reserve Chair Jerome Powell expressed concern over achieving the central bank’s dual mandate as tariffs are likely to drive inflation higher while weakening economic growth. His comments added further pressure on US stock markets and the US dollar on Wednesday.