business

President Trump, as he announced sweeping tariffs, batted away “very tired predictions” from critics of his economic agenda by citing a large decline in the price of eggs. “The price of eggs dropped now 59 percent, and they’re going down more and the availability is fantastic,” Mr. Trump said on Wednesday. The wholesale price of … Read more

Oil prices plunged Thursday on fears that President Trump’s latest round of tariffs would slow economic growth around the world, curbing demand for gasoline, diesel, jet fuel and other forms of energy. The U.S. oil price was down more than 7 percent Thursday morning, trading below $67 a barrel, or around mid-March levels. Prices for … Read more

The European Union, taken as a whole, is America’s biggest trading partner. That makes President Trump’s fresh tariffs especially painful for the 27-nation bloc — but also gives it a uniquely large amount of economic weight to throw around in response. In the hours after Mr. Trump’s sweeping tariff announcement on Wednesday, European leaders began … Read more

Taiwan, the center of the global supply chain for computer chips, woke up on Thursday to the news that President Trump had put new 32 percent tariffs on the island’s exports to the United States. Except for semiconductors. The decision not to impose tariffs on the chip sector does not mean they won’t be coming … Read more

For years, countries like Vietnam, Cambodia and Thailand have worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. That is now poised to change after President Trump on Wednesday aimed his most punishing tariffs at countries in Southeast … Read more

Here is how some of the United States’ key trading partners responded on Thursday to President Trump’s stiff new tariffs: China: The Commerce Ministry in Beijing vowed countermeasures against the sweeping new tariffs, which it described as “unilateral bullying.” The Trump administration hit Beijing with a new 34 percent duty that will be added to … Read more

How the tariffs are going down President Trump on Wednesday described his sweeping barrage of tariffs on about 60 countries, unveiled with great pomp in the Rose Garden, as “kind.” The global response to the reciprocal tariffs — including an additional 34 percent levy on goods from China and 20 percent on those from the … Read more

When President Trump unveiled major new tariffs on Wednesday, one big economy that he did not target was Russia. Treasury Secretary Scott Bessent told Fox News on Wednesday that Moscow was spared because sanctions imposed on the country after its full-scale invasion of Ukraine in 2022 mean that U.S.-Russian trade had effectively stopped. North Korea, … Read more

Germany had hoped that a new government would revive its stagnant economy, but President Trump’s sweeping new tariffs are stoking worries that Europe’s biggest economy will fall short of its 0.3 percent growth expectations this year. Jörg Kukies, Germany’s finance minister, met with the U.S. Treasury secretary, Scott Bessent, and U.S. trade representatives in Washington … Read more

Laptop computers from Taiwan, wine from Italy, frozen shrimp from India, Nike sneakers from Vietnam and Irish butter. These products are found in homes across the United States, a testament to America’s enduring role as a champion of free trade and its standing as the most lucrative market for goods from around the world. They … Read more