High inflation is stoking fresh debate about how the Federal Reserve should respond to President Trump’s sweeping plans to reorder the world economy through tariffs, leading to questions about whether old playbooks still apply. On Saturday, Mr. Trump is poised to impose 25 percent tariffs on imports from Mexico and …
President Trump has promised to impose 25 percent tariffs on products from Canada and Mexico starting on Saturday, a vow that’s roiling the foreign exchange market. The Times’s Peter S. Goodman, who travels the world reporting on the intersection of economics and geopolitics, breaks down where Trump’s unconventional tariff strategy …
Before Sunday, Colombia was quietly emerging as a refuge for multinational brands seeking a stable place to make their products in a time of geopolitical and environmental upheaval. President Trump’s threats to increase tariffs on imports from China was forcing companies to diminish their dependence on factories in that country. …
Is Trump bluffing? President Trump’s tariff threats have perplexed and rankled foreign leaders and C.E.O.s for some time now as they fear the unleashing of a tit-for-tat trade war. Investors apparently feel relieved that he has held off so far, with S&P 500 futures gaining this morning. But a growing …
When House Republicans gathered behind closed doors on Capitol Hill last week to hash out their plans for cutting taxes, Representative David Schweikert, an Arizona Republican, sounded a note of caution. The United States’ fiscal problems were at risk of spiraling out of control, Mr. Schweikert told his colleagues. He …
Decades of trade integration across North America are on the precipice of major disruption by tariffs that President Trump says he wants to impose on Canada and Mexico, the United States’ top trading partners. And while tariffs are predicted to inflict pain on all three nations, they would cause more …
For Klem’s, a general store in rural Massachusetts, each year has seemed more challenging than the last. First, there was the pandemic, then a global supply chain breakdown that left the store short of lawn mowers and shoes. Next, a spate of inflation raided American pocketbooks. All along, Amazon continued …
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 …
Partway through a panel discussion at a recent economics conference in San Francisco, Jason Furman, a former adviser to President Barack Obama, turned to Kimberly Clausing, a former member of the Biden administration and the author of a book extolling the virtues of free trade. “Everyone in this room agrees …