Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of U.S. President Donald Trump's tariff offensive.

On June 4, 2025, the U.S. imposed a 50% tariff on steel and aluminum imports, sparking global reactions. President Trump justified this move as a national security measure to protect American industries.

President Trump said the U.S. will delay a threatened 50% tariff on goods from the European Union from June 1 until July 9.

The president’s ally-filled June begins with an Oval Office meeting Thursday with German Chancellor Friedrick Merz.

President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of hou

President Trump's 50% tariffs on foreign steel and aluminum took effect Wednesday. Meanwhile, Mr. Trump is expecting to speak with Chinese President Xi Jinping later this week about trade. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the latest economic data,

Global economic growth is set to be slower this year largely because of Donald Trump's US tariffs, according to a leading international policy group. Worldwide growth is now expected to slow to a "modest" 2.

World economic growth will slow to just 2.9% this year and stay there in 2026, according to the OECD's forecast.