Stocks had a muted opening Wednesday after the Trump administration's harshest tariffs yet went into effect overnight, followed by China and the European Union retaliating with steep duties on U.S. goods.
Tariffs on a wide range of countries -- from the lowest 10 percent to 49 percent on Cambodia and 46 percent on Vietnam -- are set to kick in early Wednesday.
Congress can't officially count tariff revenue in its budget legislation unless the tariffs are part of the bill. And new economic turmoil is casting doubt on sunny economic projections.
The avian flu outbreak has sent egg prices soaring -- and increased profits for large corporate producers, which will gain millions more from a new Trump policy.
Several prominent chains, including Costco, Aldi, Target and more, plan to close their doors for the holiday as companies look to give employees a reprieve.