Category: Finance

Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.

President Trump has achieved much of his agenda, leaving the fate of the economy squarely in his hands.

The fertile valley feeds the world. President Trump has thrown farmers and farmworkers there into turmoil, but recently offered them a glimmer of hope.

The president’s tariff announcements suggest he has not backed away from his initial strategy, where even smaller trading partners will face tariffs.

Instead of viewing tariffs as part of a broader trade policy, President Trump sees them as a valuable weapon he can wield on the world stage.

The president is deploying the word “deal” liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided.

A small company in northern Mexico had faced steep competition from China in making straps, plugs, fasteners, grommets, zip ties and clamps. Now, U.S. tariffs have driven a spike in his business.

President Trump said Japan and South Korea would face tariffs of 25 percent unless they reached an agreement with the United States. Other countries received notice of higher levies.

The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.

But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.

Indonesia’s president promised free meals for every student in the country. But unemployment is rising, and some analysts say he’s making matters worse.

The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.

Among the most expensive pieces of legislation in years, the Republican bill could reshape the country’s finances for a generation.

With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt forgiveness deals.

The Treasury secretary said negotiations with some countries might last until Labor Day, signaling that the White House may hold back from imposing tariffs on some trading partners in early July.

President Trump has sought to claw back funds for public broadcasting and foreign aid, sparking a fierce debate over the power of the purse.

President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”

The nation’s largest ports, in Los Angeles County, are a bellwether for the economy. They are being whipsawed as President Trump reorders global trade.

The annual economic forum in St. Petersburg used to yield multibillion-dollar deals and feature performances by global music stars. With the war in Ukraine still raging, the mood has shifted.

Two toy manufacturers asked the court to greatly expedite their case, in an unusual request.

The updated findings from the Congressional Budget Office amounted to the latest dour report card for the president’s signature legislation.

The central bank is set to hold interest rates steady for its fourth straight meeting, a pause that could be extended through the summer.

Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.

In 2018, the president called for the group to embrace Russia and stormed out of the summit. Now he is seeking to shrink America’s military role abroad and embarking on a more expansive trade war.

Are predictions for a jump in consumer prices too early, or just wrong?

The move is one of the first times this year that consumer products were specifically targeted with higher import taxes.

Unions have backed immigrant rights in California and have been on the forefront of resisting the Trump administration’s deportations.

Ursula von der Leyen, president of the European Commission, announced a proposal meant to ramp up pressure on Moscow.

The appeals court’s decision delivered an important but interim victory for the Trump administration.

Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.

There’s an undercurrent of Democratic support for elements of President Trump’s tax agenda, a dynamic that Republicans are trying to exploit as they make the case for enactment of their sprawling domestic legislation.

The dueling narratives come as the administration is asking an appeals court to preserve a set of tariffs recently deemed to be illegal.

Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.

The drastic, sudden pullback in federal dollars is collapsing opportunities for many who’ve spent years in public service.

Top American economic officials will meet with their Chinese counterparts next Monday in hopes of breaking a trade stalemate, President Trump said.

Policymakers and business owners are navigating a highly uncertain moment for the economy, wary of overreacting but watchful of a meaningful downturn.

She was the first woman to serve on the White House Council of Economic Advisers. At General Motors, she became one of the highest-ranking women in corporate America.

U.S. trade fell sharply as President Trump’s global tariffs began to weigh on imports.

Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.

The president has ratcheted up the rate on foreign metals to 50 percent, double the previous rate, saying the levies weren’t high enough to help the U.S. industry.

Instead of battling over tariffs, Washington and Beijing have turned to a potentially far more harmful strategy: flexing their control over global supply chains.

The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.

Jerome H. Powell stressed in his first meeting since the president returned to the White House that policy decisions would be “based solely on careful, objective and nonpolitical analysis.”

Companies welcomed a court decision striking down President Trump’s tariffs. Then a stay of that ruling left no one breathing easy.

The new blueprint shows that a vast array of education, health, housing and labor programs would be hit, including aid for college and cancer research.

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

Made quickly and with minimal fuss, a park for skateboarders revived a downtown site — and offered a few lessons for urban revitalization.

Trump administration officials are getting a second chance to try to sever ties with China by starting a trade war, imposing export controls and revoking student visas.

President Trump has stopped some critical products and technologies made only in the United States from flowing to China, flexing the government’s power over global supply chains.

President Trump’s steep global tariffs have supercharged efforts to evade them. Some U.S. companies say the government is ill equipped to keep up.

President Trump and members of Congress want to revive U.S. shipbuilding with subsidies and penalties against Chinese-built ships. But there are obstacles.

The president’s economic policy approach is so far rattling markets, businesses and consumers.

At the Small Business Administration, deep staffing cuts and stricter loan terms are making it harder for entrepreneurs to get access to capital, contracts and technical assistance.

The New York Times is looking to talk to business owners and employees who have seen evidence of tariff dodging or customs fraud.

Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.

The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.

Big deals to sell chips to the U.A.E. and Saudi Arabia have divided the U.S. government over whether they could be remembered for shipping cutting-edge A.I. overseas.

As cremation rates rise and consumer preferences shift, funeral homes are innovating in surprisingly unconventional ways so they don’t die out.

The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.

As President Trump guts American research institutions, world leaders see a “once-in-a-century brain gain opportunity.”

The chief executive of Carvana, which sells used cars online, said President Trump’s tariffs could help his company by increasing demand for its vehicles.

President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.

As the president heads to the Middle East, America’s dominance over A.I. chips has become a powerful source of leverage for the president.

European officials call food safety standards a “red line,” as Trump administration officials criticize rules that keep American beef and other meats off grocery shelves.

The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.

A small group of Republicans is threatening to torpedo President Trump’s agenda over the state and local tax deduction, long a headache for both parties.

The president thinks he can return America to manufacturing glory — but the cycles of economic history are hard to break.

The nuclear-armed rivals are also wrangling over Pakistan’s access to desperately needed foreign aid, as India explores ways to use its soft power and relationships to bedevil its old enemy.

A deal would be a positive sign for both governments, which have eyed an agreement since President Trump’s first term.

As he proposes ever stiffer tariffs, President Trump has normalized his merely big ones.

Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.

But the effects of the levies, which have created uncertainty for businesses, have not yet been fully felt.

Ford Motor also reported a sharp drop in profits in the first three months of the year.

The Treasury secretary urged executives and entrepreneurs to look beyond the Trump administration’s trade agenda.

Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.

Millions of single-family homes are underused, on spacious lots. Refitting them for “roommate houses” or backyard cottages could make a difference.

Increased payroll taxes are one element of a desperate bid in Kenya to keep the government running and pay off the country’s foreign creditors.

For countries that depend heavily on oil revenue, dropping prices are worrisome.

American consumers are not yet seeing much evidence of the drastic changes President Trump has made on trade. But they are on their way.

The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.

Supporters say the change is important to stop cheap Chinese goods from entering the U.S. But the decision could drive up prices for goods Americans buy online.

General Motors now expects to earn a lot less than it did before President Trump imposed 25 percent tariffs on imported cars and auto parts.

At the end of a cabinet meeting, the president allowed for the possibility that trade war could disrupt supply chains.

Here’s what a variety of voters who made their choices in November’s election with some hesitation had to say about President Trump’s first 100 days.

The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was “not going to happen.”

Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.

The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.

Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.

The cases are the latest test of the president’s expansive claims of executive power.

Medicines and chemicals are huge exports for European Union countries. That makes the sector a weak spot as trade tensions drag on.

President Trump said that “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.

The Trump administration has been saying that the two countries are engaged in talks to resolve the dispute, but Beijing asserts that no such discussions are happening.

The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.

President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.

Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.

The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.

The company, which has branched out from Greek-style yogurt, will invest more than $1 billion in the plant in the city of Rome.

The idea of raising taxes on rich Americans has caught the Republican Party between its populist ambitions and low-tax instincts.

The country’s debt is in demand amid the chaos in financial markets spurred by whipsawing U.S. tariff policies.

Leaders of the union representing government workers say their battle is galvanizing but also alarming. “It’s insulting to say,” one said, “that we are lazy.”

President Trump’s trade war is forcing companies to cut costs, raise prices, shrink profits, discontinue products and find other suppliers.

The Grand Egyptian Museum, outside Cairo, has been delayed by revolutions, wars, financial crises and a pandemic. At long last, here’s a look inside.

“You have to laugh to keep from crying,” one Republican pollster said about recent comments by the billionaires on the stock market, retirement funds and Social Security.

In Washington, President Trump lavished praise on Prime Minister Giorgia Meloni of Italy. He also accepted her invitation to visit Rome.

As of August, the president’s investment portfolio showed significantly more in bonds than in stocks. It is unclear if his personal holdings had any bearing on his decisions regarding tariffs.

Jerome Powell has said that the Federal Reserve can be patient as the effects of tariffs become more clear. President Trump, pushing for interest rate cuts, said, “Powell’s termination cannot come fast enough!”

Kristalina Georgieva, the managing director of the International Monetary Fund, warned in a speech that protectionism erodes productivity.

Organized labor has taken a leading role in challenging the Trump administration’s downsizing agenda in court. A new service will offer more individualized representation.

The blanket tariffs, once considered extreme, still threaten to harm world trade and make everything more expensive for businesses and consumers.

The president at turns praises and criticizes Japan, a U.S. ally that decades ago stirred his anger over the unequal balance of trade and his penchant for tariffs.

President Trump’s trade policies will make imports more expensive and calculating and paying the tariffs more complicated.

President Trump is staking everything on winning by imposing tariffs on China. But the fight threatens to choke off negotiations about other issues like Taiwan, fentanyl, TikTok and more.

The president has suggested that he will move forward with a national security investigation this week that is likely to result in tariffs on chips.

The Trump administration is in a standoff with the Chinese government as trade tensions escalate, leaving U.S. businesses in the cross hairs

Many Americans have purchased foreign-made products out of fears that companies could start to raise prices soon.

The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.

Ursula von der Leyen is trying to ensure that if the international trading system is remade, the E.U. is at the center of what comes next.

The legal organization behind a lawsuit challenging President Trump’s tariffs is funded by groups linked to Charles Koch and Leonard A. Leo.

Soybean producers warn that farms could go under as the Trump administration hits China with new tariffs of 145 percent.

White House officials clarified on Thursday that the 125 percent tariff the president announced on Wednesday was in addition to a 20 percent added to the country since President Trump returned to office.

Small factories with tiny profit margins have played a central role in China’s international competitiveness. Many could now face disaster.

Beijing announced a new round of 50 percent tariffs in response to President Trump’s latest levies as the trade conflict between the superpowers escalates.

Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.

Jamieson Greer, the United States trade representative, told senators the U.S. economy was in need of “drastic, overdue change.”

Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.

A bear market occurs when stocks fall 20 percent from a recent peak. As global markets continue their meltdown, here’s what it means for your money and the economy.

The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.

President Trump vowed to aid entrepreneurs by reducing taxes and slicing red tape. But some owners say other policies have put them at a disadvantage.

The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.

The president announced sweeping tariffs on Wednesday in an effort to reset global trading relationships. Here’s what you need to know.

The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump imposed on car and auto parts imports.

Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”

A nonprofit group said the president misapplied a law in imposing those levies and portrayed its filing as the first lawsuit to challenge the Trump administration over its tariffs.

The company said it would offer customers the same prices it offers its employees on most of its vehicles.

The 34 percent tariff announced on Wednesday is in addition to two rounds of import taxes the president already imposed since January.

The president on Wednesday will announce sweeping tariffs that he says will restore fairness to the global trading system.

The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.

The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.

The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could influence tariffs the president puts into effect this week.

Businesses that rely on immigrants are pushing for legislation to ensure an adequate, legal flow of laborers from abroad as deportations ramp up.

The move added to the list of actions by President Trump that use the powers of his office to weaken perceived enemies.

Advocates of higher birthrates have support in the Trump administration. But it’s unclear whether their priorities will win out.

“Prices are going to shoot up now,” one shopper said. But some dealers said that economic concerns might be keeping people away.

Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.

The scale of the damage depends on the circumstances of each company’s supply chain.

The Federal Reserve’s preferred inflation measure showed underlying price pressures persisting in February, as inflation-adjusted spending stayed muted.

With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic.

The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.

The level in the Conference Board’s latest monthly survey was the lowest since January 2021.

The additions included companies that are customers of Intel and Nvidia, and one firm that was the focus of a New York Times investigation last year.

The unemployment rate for college graduates has risen faster than for other workers over the past few years. How worried should they be?

The president plans to wield tariffs like financial sanctions, ordering that countries that buy Venezuelan oil have tariffs put on their exports to the United States.

The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.

Tariffs are at the heart of the tension between the White House and the central bank.

The Federal Reserve will release fresh economic estimates on Wednesday. Here’s how to read the outlook for 2025 and beyond.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

Labor groups said working conditions had not changed enough to warrant the removal. The company is partly owned by donors to President Trump.

Tariffs took center stage during the news conference with Jerome H. Powell, the Fed chair, on Wednesday.

Chinese experts say Beijing is open to talks but is being stonewalled by the State Department and other official channels.

President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.

Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.

Employers added 151,000 jobs in February, the Labor Department said, based on surveys taken as Trump administration policies were still rolling out.

The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.

Even before the new levies took effect, the industry was worried about prices after President Trump opposed a major merger in the steel sector.

The mood at a gathering of central bankers, economists and analysts in Europe was somewhat bewildered, as they assessed the unpredictability of trade policy and geopolitics.

In the first 50 days of his second term, President Trump’s penchant for imposing and then suspending tariffs has shaken markets and confounded trading partners.

President Trump’s sweeping promises are running headlong into the reality of governing.

By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through government contracts.

Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.

President Trump imposed a 25 percent tariff on metal imports, sparking new global trade spats as he attempts to shield the U.S. economy from foreign competition.

Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.

The European Union wants to force the United States to the negotiating table with retaliatory tariffs on a range of American products, including some from Republican strongholds.

On Tuesday, President Trump sent markets into another tailspin by announcing additional tariffs on Canada, suggesting a falling stock market is no longer the bulwark investors had hoped.

With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.

His administration has acknowledged that exceptions undercut the power of tariffs, but it seems hard for the president to resist making deals.

Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.

The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from tariffs that could devastate competitors.

Fearing roundups, many immigrants are staying home. Construction, agriculture, senior care and hospitality employers say labor shortages will worsen.

Many imports from Canada and Mexico will be exempt from tariffs, as the president quickly reversed a sweeping trade action taken just two days ago after market turmoil.

Shrinking cities have tried to stabilize their populations with foreign-born residents. The strategy was working, until the inauguration.

Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.

Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.

The stiff tariffs President Trump briefly imposed on Mexico and Canada this week could have pushed those allies into recession. The impact for America would be messy.

President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs went into effect anyway.

Lawmakers were warned that the United States is planning more punitive actions against the country. Officials hope a new trade deal will help repair the icy relations.

Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.

President Trump has offered a mix of reasons for upending global trade relations, baffling and angering America’s biggest trading partners.

“Paradise” and “Silo” have opposing takes on the future of urban organization, echoing the debate over America’s housing shortage today.

President Trump said he would impose levies on America’s largest trading partners Tuesday, along with another 10 percent on China.

China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.

The president has promised big results, from raising revenue to reviving domestic manufacturing. But many of his goals undermine one another.

More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.

The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself.

Many government workers being cut are those with fewer protections. They are relatively new in their current jobs, but often have years of experience.

The next German government faces calls to loosen borrowing rules, slash energy costs and spur innovation. It won’t be easy.

The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the math will work out.

Tech start-ups typically raised huge sums to hire armies of workers and grow fast. Now artificial intelligence tools are making workers more productive and spurring tales of “tiny team” success.

With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.