The US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported.

The company said it’s aware of a move by a panel of judges to block some of the tariffs put into place by President Donald Trump but said it’s too early to factor in any potential changes to the current tariff regime.

"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."

The country’s central bank said it expects Mexico’s gross domestic product to grow 0.1% this year, down from it’s previous estimate of 0.6%.

David Frum, Staff Writer for The Atlantic and Justin Wolfers, Professor of Economics at the University of Michigan join Nicolle Wallace on Deadline White House to discuss Donald Trump once again pulling the rug on his planned tariff implementation this time delaying increased tariffs to the European Union to July 9,

The Conference Board said that its consumer confidence index rose 12.3 points in May to 98, up from April’s 85.7, its lowest reading since May 2020.

FOX 5’s Tom Fitzgerald spoke with global trade expert Nelson Cunningham to explore the economic impact of Trump's tariffs across Asian markets.

Gold steadied as markets absorbed news that the US trade court has blocked President Donald Trump’s global tariff agenda.