A doubling of American tariffs on Chinese goods. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.” For years, the world’s two biggest powers have flirted with the idea of an economic decoupling as tensions between …
A mere month ago, luxury businesses were looking forward to a new era of deregulation, lower taxes and a booming stock market — and dreaming of well-heeled buyers splurging on opulent ball gowns and statement watches. Instead, as the Trump administration imposes 20 percent tariffs on products from the European …
Since re-entering office, President Trump has issued a flurry of tariffs in an effort to rewire the global economy. On Wednesday, Mr. Trump unveiled his most aggressive policies to date, sparing few countries around the world. A 10 percent base line rate for the world went into effect on Saturday, …
President Trump’s self-proclaimed “liberation day,” in which he announced across-the-board tariffs on the United States’ trading partners, carries an echo of another moment when an advanced Western economy threw up walls around itself. Like Brexit, Britain’s fateful vote nearly nine years ago to leave the European Union, Mr. Trump’s tariffs …
President Trump announced what could be one of the most drastic economic policy changes in decades on Wednesday, when he substituted America’s longstanding system of taxing imports with a new tariff system of his own devising. The president said the tariffs would reverse decades of what he called unfair treatment …
The F-35, a fifth-generation fighter, was developed in partnership with eight countries, making it a model of international cooperation. When President Trump introduced its successor, the F-47, he praised its strengths — and said the version sold to allies would be deliberately downgraded. That made sense, Mr. Trump said last …
President Trump on Saturday ordered 25 percent tariffs on all Mexican exports to the United States and a similar levy on all Canadian goods, except for a 10 percent tariff on Canadian energy. His move sent shock waves through both nations, whose leaders have warned that the tariffs will harm …
Since 1988, the hulking presses at Lanex Manufacturing on the edge of Windsor, Ontario, have been stamping out door strikers, folding-seat latches, tailpipe hangers, frame braces and other prosaic bits of metal that make their way into vehicles ranging from Corvettes to Honda minivans. But, these days, worries about the …
Scott Bessent, President-elect Donald J. Trump’s pick for Treasury secretary, faced questions from lawmakers on Thursday about how he would manage a department at the center of the Trump administration’s tax, trade and sanctions policies, along with handling the nation’s debt load. Mr. Bessent, a billionaire hedge fund manager with …
A test for Trump’s cabinet pick For businesses and markets, perhaps the most important of the hearings for the incoming Trump administration’s Cabinet picks starts on Thursday at 10:30 a.m. Eastern. Scott Bessent, President-elect Donald Trump’s choice for Treasury secretary, will likely be confirmed by the Senate. But the billionaire …
