President Trump’s on-again, off-again tariffs have prompted investors to bet that he will “always chicken out” and given businesses and foreign leaders hope that the leader of the world’s largest economy will ultimately back down from his threats if they prove too economically disruptive. Events of the past week have cast serious doubt on that…
A federal appeals court agreed on Tuesday to allow President Trump to maintain many of his tariffs on China and other U.S. trading partners, extending a pause granted shortly after another panel of judges ruled in late May that the import taxes were illegal. The decision, from the U.S. Court of Appeals for the Federal…
The United States and China have agreed to a “framework” that is intended to ease economic tension and extend a trade truce that the world’s two largest economies reached last month, officials from both countries said on Tuesday. After two days of marathon negotiations in London, top economic officials from the United States and China…
For more than 60 years, my family owned a small paint factory in Long Island City, Queens, in the shadow of the neon Pepsi-Cola sign just across the East River from Manhattan. That factory and the Pepsi-Cola bottling plant are long gone — two of the hundreds of industrial facilities that once existed throughout the…
Health Secretary Robert F. Kennedy Jr., whose drastic overhaul of the federal health apparatus has left scientists and patients reeling, will face a demand from the Republican chairman of the Senate health committee on Wednesday to explain to Americans how his reforms “will make their lives easier, not harder.” Mr. Kennedy will testify on Capitol…
Earlier this month, President Trump closed a longstanding loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs. Starting on May 2, those packages faced a tariff of 120 percent or a $100 flat fee. After the United States and China agreed this week to…
Pandora, the world’s largest jewelry company, is based in Denmark and has nearly 500 stores in the United States, more than in any of its other key markets. But in some ways, its real home is Thailand, where the company has been making its products for nearly four decades. Like many global corporations, Pandora has…
The stock market is now higher than before President Trump’s broad and steep tariffs sent share prices into a tailspin. The 10-year government bond yield is now largely in line with where it started the year. On Tuesday, a widely watched measure of inflation nudged lower. Judging from a snapshot of today’s financial markets, it…
American presidents have been visiting Saudi Arabia for decades, and the trips have often produced memorable moments — some dramatic, others downright odd. As President Trump returns to Saudi Arabia, here is a look back at four moments from past presidential trips to visit leaders of the oil-rich Gulf state. 2022: The Biden Fist Bump…
Automakers are worried that President Trump’s tariffs on imported cars and auto parts will soon increase their costs and start eating into profits. But at least one business in the auto industry thinks the tariffs could give it a lift. That company is Carvana, an online retailer of used cars that has gained fame for…