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Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy

Reporter USApril 12, 2025

The traditional gathering of former Treasury secretaries to welcome a newly minted one into the fold is usually a lighthearted and pleasant affair. But when the group convened this month, on President Trump’s “Liberation Day,” the tone was strikingly serious. The dinner, organized by former Treasury Secretary Steven T. Mnuchin, took place at a moment […]

Trade War Forces Tough Question for Retailers: Raise Prices or Eat the Cost?

Reporter USApril 12, 2025

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, 2001, and the Covid-19 pandemic. […]

Markets Worry About Finding an Exit From Trump’s Trade Fight

Reporter USApril 12, 2025

The trade battle intensifies There’s no letup in sight to the trade war: This morning, China raised its tariffs on U.S. imports yet again. Beijing said it would not make economic sense to raise them further, and called the Trump administration’s dizzying tariffs barrage “a joke.” And this morning, Tesla stopped taking orders in China […]

Warren Urges S.E.C. to Investigate Trading Around Trump’s Tariff Pause

Reporter USApril 12, 2025

Senator Elizabeth Warren, the Massachusetts Democrat, has asked the Securities and Exchange Commission to investigate whether President Trump violated securities laws while reversing course on his global tariffs. Early Wednesday, during a period of intensely volatile trading, Mr. Trump wrote on social media, “THIS IS A GREAT TIME TO BUY!!!” Hours later, he announced a […]

EU Countries Go on Tariff Defense

Reporter USApril 12, 2025

As the fallout from President Trump’s rewiring of global trade sets in across Europe, governments are putting in place billions of euros’ worth of “tariff shields” to protect their economies, companies and workers from uncertainty and the growing prospect of a recession. Germany, Italy, Portugal and Spain announced more than 50 billion euros’ worth of […]

Trump Tariffs Add to Apple’s Long-Standing Innovation Woes

Reporter USApril 12, 2025

Even before President Trump’s tariffs threatened to upend Apple’s manufacturing business in China, the company’s struggle to make new products was leading some people inside its lavish Silicon Valley headquarters to wonder whether the company had somehow lost its magic. The tariffs, which were introduced April 2, caused Apple to lose $773 billion in market […]

What to Know About Who Pays the Higher Costs of Trump’s Tariffs

Reporter USApril 12, 2025

President Trump’s latest tariffs are about to become an unavoidable and expensive reality for American businesses and for people who rely on foreign goods. Shoppers buying clothes from retailers in China may soon pay more than twice as much, now that a special exemption for lower-value imports is disappearing. And companies involved in international trade […]

Appeals Court Scales Back Freeze on Firing Consumer Bureau Employees

Reporter USApril 12, 2025

A federal appeals panel on Friday halted parts of a district court judge’s injunction blocking the Trump administration’s effort to dismantle the Consumer Financial Protection Bureau, allowing officials to move ahead with firing some agency employees. Russell T. Vought, the White House budget office director, was named the consumer bureau’s acting director in February and […]

As Trump Upends Global Trade, Europe Sees an Opportunity

Reporter USApril 12, 2025

President Trump has big ambitions for the global trading system and is using tariffs to try to rip it down and rebuild it. But the European Union is taking action after action to make sure the continent is at the center of whatever world comes next. As one of the globe’s biggest and most open […]

RFK Jr. Accuses FDA of Drug Industry Influence That Barred Alternative Remedies

Reporter USApril 12, 2025

In a speech broadcast to the Food and Drug Administration’s Maryland campus on Friday morning, Robert F. Kennedy Jr. introduced himself as the nation’s health secretary with a meandering speech touching on everything from birds of prey to pollution in Lake Erie to the C.I.A. Mr. Kennedy told the agency staff members, in the throes […]

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Category: Lifestyle

Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy

Trade War Forces Tough Question for Retailers: Raise Prices or Eat the Cost?

Markets Worry About Finding an Exit From Trump’s Trade Fight

Warren Urges S.E.C. to Investigate Trading Around Trump’s Tariff Pause

EU Countries Go on Tariff Defense

Trump Tariffs Add to Apple’s Long-Standing Innovation Woes

What to Know About Who Pays the Higher Costs of Trump’s Tariffs

Appeals Court Scales Back Freeze on Firing Consumer Bureau Employees

As Trump Upends Global Trade, Europe Sees an Opportunity

RFK Jr. Accuses FDA of Drug Industry Influence That Barred Alternative Remedies

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