GLOBAL ECONOMY

Trump threatens 50% tariff on EU as trade talks stall

Treasury Secretary Scott Bessent joins 'America's Newsroom' to discuss a possible 50% tariff on the European Union, a 25% tariff on Apple, possible Senate changes to Trump's 'big, beautiful bill' and the push to modernize the IRS.

Fox Business Briefs 5/22

BJ’s Wholesale Club results strengthen; Walmart to cut 1,500 corporate jobs. Canadian banks brace for trade uncertainty; Strava clinches valuation of $2 billion+; EasyJet sees strong demand.