As he unfurled his list of tariffs targeting most of America’s trading partners, President Trump repeatedly stressed that each nation’s rate was reciprocal — reflecting the barriers they had long erected to U.S. goods. He said little about the methodology behind those calculations, but a possible answer emerged later on Wednesday. Each country’s new tariff … Read more
President Trump’s announcement of sweeping universal and so-called reciprocal tariffs on countries around the world drew a swift rebuke on Wednesday from business groups, trade experts, Democratic lawmakers and many economists who warned that they would raise prices for American consumers and slow economic growth. “This is catastrophic for American families,” said Matt Priest, president … Read more
This is one of the most important days, in my opinion, in American history. It’s our declaration of economic independence. Jobs and factories will come roaring back into our country. China — first row, China 67 percent, that’s tariffs charged to the U.S.A., including currency manipulation and trade barriers. So 67 percent, so we’re going … Read more
President Trump unveiled sweeping tariffs on Wednesday afternoon, announcing a minimum 10 percent tariff on all trading partners as well as so-called reciprocal actions on dozens of other countries, including some of America’s biggest trading partners. In announcing the new tariffs, his most expansive to date, Mr. Trump said that the global tariffs would help … Read more
Wall Street shuddered as President Trump announced sweeping tariffs on countries across the globe on Wednesday, with the administration unveiling higher taxes on imports than investors had expected, weighing on markets around the world. Futures on the S&P 500, which allow investors to trade the index outside normal trading hours, slumped 1.6 percent, while global … Read more
Richard Bernstein, a former correspondent and critic for The New York Times whose deep knowledge of Asia and Europe illuminated reporting from Tiananmen Square to the Bastille, and who wrote things as he saw them in 10 books driven by unflinching intellectual curiosity, died on Monday in Manhattan. He was 80. His death, in a … Read more
President Trump’s announcement of sweeping tariffs on America’s trading partners has widened the rift between the United States and some of its closest allies while reconfiguring the global economic order. Mr. Trump’s plan, which he unveiled on Wednesday and is calling “reciprocal,” would impose a wave of tariffs on dozens of other countries. Among major … Read more
Time passes in funny ways when you’re on your phone. Five minutes of swiping on TikTok or tapping through Instagram Stories can slip into 10 minutes, or 20, or one sunken hour. Alex Norstrom, co-president and chief business officer of Spotify, believes some apps will soon “self-swipe,” requiring even less of your effort or awareness. … Read more
Another big law firm has reached an agreement with the Trump administration over the kind of free legal services its lawyers can provide to head off an executive order that could impair its business. President Donald J. Trump announced on Truth Social that Milbank had agreed to provide $100 million in pro bono legal services … Read more
President Trump says he is outraged by the fact that the United States imports more goods than it sends to the rest of the world. What he rarely mentions, though, is that when it comes to services, the tables are turned. Service sectors — which include the finance, travel, engineering and medical industries and more … Read more