Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so far

NEW YORK (AP) — The clock is ticking closer to U.S. President Donald Trump’s latest tariff deadline of Aug 1. And while several more deals — or at least frameworks for deals — have been reached since his last tariff deadline of July 9 came and went, trade talks with many countries are still in flux. Trump unveiled sweeping import taxes on goods coming into the U.S. from nearly every country back in April. That included heightened so-called reciprocal rates for certain countries, the bulk of which have since been postponed twice. And by early July, Trump began sending warning letters that higher tariff rates would be imposed against dozens of countries on Aug. 1.

European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse

FRANKFURT, Germany (AP) — Europe’s economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and the continent’s biggest economy, Germany, shrank. And prospects are mediocre for the coming months given new U.S. tariffs on goods imported from Europe. Gross domestic product grew an anemic 0.1% compared to the previous quarter in the 20 countries that use the euro currency, EU statistics agency Eurostat reported Wednesday.

Millionaires multiply across the US, but most find it’s not all mansions and champagne

NEW YORK (AP) — The number of millionaires in the United States is soaring. A report from Swiss bank UBS finds about 1 in 10 American adults now has a net worth of at least $1 million, with 1,000 new millionaires added every day last year. That milestone, once reserved for celebrities and CEOs, is increasingly being reached by everyday Americans,  thanks to rising home values, stock market gains and decades of retirement savings. With inflation, a million bucks no longer stretches as far as it once did, and many millionaires' wealth is tied up in houses and 401(k)s. But seven-figure status still holds symbolic weight. As one man who hit the mark put it, “It’s not a golden ticket like it was in the past" but it buys “peace of mind.”

Trump EPA moves to repeal landmark 'endangerment finding' that allows climate regulation

WASHINGTON (AP) — President Donald Trump’s administration has proposed revoking a scientific finding that's long been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change. The proposed Environmental Protection Agency rule rescinds a 2009 declaration that determined carbon dioxide and other greenhouse gases endanger public health. The “endangerment finding” is the legal underpinning of a host of climate regulations under the Clean Air Act for motor vehicles, power plants and other pollution sources. EPA Administrator Lee Zeldin announced the proposed rule change on a podcast ahead of an official announcement set for Tuesday in Indiana. Three former EPA leaders say Zeldin's proposal would endanger the lives of millions of Americans.

Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds

WASHINGTON (AP) — A new analysis suggests President Donald Trump's tariffs could increase factory costs by 2% to 4.5%. The analysis highlights potential challenges for domestic manufacturers relying on global supply chains just as the Republican president prepares to announce tariff hikes he says will boost the U.S. economy. While the U.S. stock market shows relief tariffs aren't as high as initially threatened, concerns remain about higher prices and slower growth. Tuesday's analysis by the Washington Center for Equitable Growth warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin.

China promises to help companies slammed by tariffs, as talks with the US left in limbo

BANGKOK (AP) — China's top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week left businesses in limbo. At their summer economic planning meeting, the powerful Politburo  pledged to stabilize foreign trade and investment. But the inconclusive outcome of two days of trade talks in Stockholm, Sweden, left open the question of higher tariffs on Chinese exports to the United States. Chinese Vice Premier He Lifeng said the two sides had agreed to work on extending a deadline for higher tariffs. The U.S. side said the extension was discussed, but not decided and tariffs could boomerang back to a higher level.

World shares are mixed after China-US talks end without a trade deal

BANGKOK (AP) — World shares are mixed after the U.S. and China ended their latest round of trade talks without a deal. U.S. futures edged higher while oil prices slipped. The latest data show Europe’s economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse. Germany's economy contracted. On Tuesday, U.S. stock indexes crept back from their record levels as a busy week for Wall Street gained momentum. The S&P 500 fell 0.3%, ending six straight days of records. The Dow Jones Industrial Average dropped 0.5% and the Nasdaq composite sliced 0.4% off its own record. Reports suggested the U.S. economy remains solid but is slowing.

Federal Reserve likely to air divisions as it keeps rates unchanged

WASHINGTON (AP) — Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division reflecting the economy's muddy outlook as well as the jockeying to replace Chair Jerome Powell when his term ends next year. The division could be a preview of what might happen if President Donald Trump appoints a replacement who pushes for the much lower interest rates the White House desires. Other Fed officials could push back if a future chair sought to cut rates by more than economic conditions support.

Union Pacific and Norfolk seek 1st transcontinental railroad through a massive merger

OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced Tuesday, would marry Union Pacific’s rail network in the West with Norfolk’s rails that snake across Eastern states. The nation was first linked by rail in 1869, when a golden railroad spike was driven in Utah to symbolize the connection of East and West Coasts. Yet no single entity has controlled that coast-to-coast passage that so many businesses rely on. Regulators will take a close look at the impact of this deal before considering whether to approve it.

Medicaid was signed into law 60 years ago. Trump's big bill is chiseling it back

WASHINGTON (AP) — This summer, President Donald Trump has begun to chisel back Medicaid and food stamps. On a July day in 1965, President Lyndon B. Johnson signed legislation into law that launched Medicaid, creating a health care safety net for millions of low-income Americans in one of the crowning achievements of his legacy. A year earlier, Johnson did the same for food stamps. But the Republican Party's recent tax and spending bill delivered not just $4.5 trillion in tax breaks but some of the most substantial changes to the landmark safety net programs in their history. Democrats say Republicans are ripping “food out of the mouths of children.” Local governments are scrambling to respond.