Lululemon shares have plunged by more than 20% after it cut its annual profit forecast, as the company navigates tariffs and fears about the US economy slowing.

Lululemon Athletica Inc. posted a second straight disappointing quarter, fueling concerns that rising competition and new tariffs are derailing the company’s ambitious growth plans.

The maker of yoga pants and other athletic wear said it now expects earnings of $14.58 to $14.78 a share for the fiscal year, down from its prior outlook of $14.95 to $15.15.

Sales of vehicles made in Canada plunged by nearly 23 percent in April after President Trump imposed a 25 percent auto tariff.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

Trump's increased steel tariff could lead to you paying more for appliances and cars, while impacting ports in Philadelphia and Wilmington.

President Trump's 50% tariffs on steel and aluminum tariffs have gone into effect. NBC News Senior Business Correspondent Christine Romans reports more. Council on Foreign Relations President Michael Froman and former Chief Strategist for the Bush-Cheney 2004 campaign Matthew Dowd join Katy Tur to break down the economic impact.

U.S. President Donald Trump’s 50% tariffs on imported steel and aluminum took effect early Wednesday. So what’s the current state of all the Trump levies?

President Donald Trump spoke with Chinese leader Xi Jinping on Thursday morning about their ongoing trade war, with Trump saying the two leaders agreed to have their teams resume talks “shortly.” Trump wrote on Truth Social that the call lasted about 90 minutes and focused “almost entirely on trade,