The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new administration’s top economic official who will steer an agenda that is focused on tax cuts, tariffs and deregulation. Mr. Bessent, a billionaire hedge fund manager with deep experience in financial markets, is…
President Trump is swinging American energy policy sharply in favor of fossil fuels, but oil and gas companies say those changes won’t push them to engage in the frenzy of new drilling that Mr. Trump wants. The oil industry is thrilled by Mr. Trump’s executive orders, which are designed to make life harder for renewable…
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. Businesses were setting up plants…
The leader of Canada’s most populous province and the heart of its vital auto industry said on Friday that he would call early elections because he needed a stronger hand to deal with President Trump’s plan to impose tariffs on Canadian exports. “With a strong mandate, we will be able to fight with Donald Trump…
Crown Prince Mohammed bin Salman of Saudi Arabia told President Trump on Wednesday that the kingdom intends to increase its investment and trade with the United States by at least $600 billion over the next four years, according to the official Saudi Press Agency. The crown prince, the de facto leader of Saudi Arabia, told…
The Trump administration intends to push to renegotiate the U.S. trade deal with Canada and Mexico ahead of a required 2026 review of it, seeking to shore up U.S. auto jobs and counter Chinese firms that are making inroads into the Mexican auto sector, people familiar with the deliberations said. The U.S.-Mexico-Canada Agreement, which Mr….
President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies. Speaking at the White House, Mr. Trump said that the tariffs were in response to China’s role…
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 damage to Canada and Mexico,…
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric-vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories. Executive orders issued by Mr. Trump on Inauguration Day amount to a…
As Donald J. Trump took the oath of office in Washington on Monday, the crowd at a jam-packed party held by Ukrainian business groups in Davos, Switzerland, intently watched the ceremony on huge screens. The event, on the sidelines of the World Economic Forum’s annual conference, seemed to be a display of enthusiasm for the…