Small-ticket items shipped to the United States from China will no longer be exempt from tariffs starting on Friday, when a decision by President Trump to shutter a shipping loophole he calls a “scam” takes effect. The move is expected to send ripples through the economy as American consumers, who …
Trump’s price war At a rally in Michigan last night, President Trump declared that “we’re ending the inflation nightmare.” But corporate chiefs are bracing for the opposite, revealing a split-screen view of the future that has sharpened as trade uncertainty grows. Companies have warned for weeks that tariffs could scramble …
President Trump signed a pair of executive orders on Tuesday that walked back some tariffs for carmakers, removing some levies that Ford, General Motors and others have complained would backfire on U.S. manufacturing by raising the cost of production and squeezing their profits. The changes will modify Mr. Trump’s tariffs …
When Jonathan Neman was a student at Georgetown in the mid-2000s, he and some friends wanted to start a restaurant. A fast-food restaurant, but it would be healthy. And cool. The documentary “Super Size Me” had made waves, and “we were going to be rejecting the fast food of the …
President Trump signed an executive order on Tuesday outlining a series of actions intended to lower drug prices, including helping states import drugs from Canada. The policies were more modest than proposals to reduce drug prices that Mr. Trump offered in his first term. And one of his new directives …
The last time the courts seriously weighed the wisdom of breaking up a giant technology company was a quarter-century ago, after Microsoft was found to have illegally stifled competition in personal computer software. A Federal District Court judge said yes to forcing Microsoft to split in two, separating its monopoly …
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of …
Vivian Hoffman has worked in retail for a half-century, including 25 years as a buyer for Century 21 and the last eight running Whim, a chain selling affordable women’s clothing in the suburbs of New York City. She has adapted to recessions, the turmoil after the attacks on Sept. 11, …
Even before this year’s economic turmoil hit, financial anxiety among Americans was running high. Really high. Four out of five Americans in a survey for Discover last year said they were worried about their money situation, with inflation, everyday expenses and the state of the economy leading a litany of …
Every waiter knows the type: the volatile diner who barges in with a list of demands, orders an off-the-menu item that sends the kitchen into a panic and then at the last minute changes his mind and decides he’ll just have the steak. So if anybody knows how to handle …