International tourists detained at U.S. borders. Steep tariffs imposed on trade partners. Threats against longtime allies. The onslaught of contested policies and language by the Trump administration in recent weeks is causing tourists around the globe to either cancel or reconsider travel to the United States. A growing number of …
Ahead of President Trump’s next big trade move, his administration invited companies to weigh in on the economic barriers they faced abroad. The list of complaints was both sprawling and specific. In hundreds of letters submitted to the administration in recent weeks, producers of uranium, shrimp, T-shirts and steel highlighted …
“Transitory” is back Jay Powell wants businesses and investors to know: The Fed chair shares their concerns about President Trump’s tariff skirmishes as the economic outlook dims. But there is a silver lining, he said Wednesday at a news conference. Tariff-driven inflation is likely to be “transitory” and just for …
Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word. But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad. Howard …
The line fell silent. In a phone call from the Oval Office, President Trump had just delivered unwelcome news to three of America’s most powerful auto executives: Mary Barra of General Motors, John Elkann of Stellantis and Jim Farley of Ford. Everyone needs to buckle up, Mr. Trump said on …
Just days after President Trump won the 2024 election, Jerome H. Powell, chair of the Federal Reserve, sidestepped a question about how the central bank would grapple with a toxic combination of high inflation, stagnating growth and rising unemployment. “The whole plan is not to have stagflation,” Mr. Powell told …
President Trump is no fan of the European Union. He has repeatedly claimed that the bloc was created to “screw” America, has pledged to slap big tariffs on its cars, and this week enacted global steel and aluminum levies that are expected to hit some $28 billion in exports from …
President Trump made a lot of promises on the campaign trail last year. Investors and business leaders enthusiastically cheered some, like lower taxes and relaxed regulation, and expressed wariness about others, like tariffs and reduced immigration. But when Mr. Trump won the election, there was little sign of that ambivalence: …
Trump faces an increasingly tough crowd President Trump won over Americans with a promise to return the country to “boom” times of low taxes and deregulation. Fifty days into office, he’s now pitching an economy in “a period of transition” for which he can’t rule out a recession. His stay-patient …
The United States buys more steel from Canada than from any other country, and those imports will become much more expensive under tariffs President Trump intends to impose this week. That’s good news to Stephen Capone, president of Capone Iron Corporation of Rowley, Mass., which makes steel stairs, handrails, gratings …