business 
President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Monday entered bear market territory for the first time since 2022. Mr. Trump has seemed unmoved by the decline. He signaled on Monday that he had no plans to back off on tariffs, insisting that they would bring … Read more
President Trump’s wave of tariffs threatens to bring both short-term economic pain, including lower growth, and long-term damage to America’s standing and trade relationships around the world, the chief executive of Wall Street’s biggest bank warned on Monday. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of … Read more
The British government eased rules on carmakers requiring them to shift toward selling electric vehicles, as officials sought to blunt some of the pain caused by new auto tariffs on foreign cars sold in the United States. British officials said on Sunday that they would keep the requirement to stop the sale of new gasoline … Read more
No letup in sight Frenzied selling is gripping global markets for a third straight session, with the S&P 500 and Nasdaq futures deeply in the red, along with a clobbering in European and Asian stocks, as President Trump digs in on tariffs. A new wave of duties is set to take effect this week that … Read more
President Trump’s announcement last week that he will impose a 20 percent tariff on goods coming from the European Union sent shock waves across the 27-nation bloc, the latest move in an unfolding trade war that is tearing the close partners apart. This week, Europe will push ahead with its first countermaneuver — one of … Read more
Ben Whelan is not the kind of carpenter to wax poetic about the joys of framing a wall or redoing a roof. Like a lot of men he knows, he started working in residential construction as a teenager because it was a reliable way to earn money. But he has a craftsman’s pride in knowing … Read more
In December, Frank Parker upgraded to a bigger shrimp boat. For the Mississippi shrimper, it was a good trade with an older fisherman who was looking to scale back. But the driving force behind acquiring a boat that would allow Mr. Parker to stay in deeper waters for two weeks at a time was President … Read more
For decades, the world’s largest car factory was Volkswagen’s complex in Wolfsburg, Germany. But BYD, the Chinese electric carmaker, is building two factories in China, each capable of producing twice as many cars as Wolfsburg. Recent data from China’s central bank shows that state-controlled banks lent an extra $1.9 trillion to industrial borrowers over the … Read more
President Trump’s global trade war has significantly raised the bar for the Federal Reserve to lower interest rates, as tariffs risk worsening an already knotty inflation problem while also damaging growth. Jerome H. Powell, the Fed chair, drove home that message in a hotly anticipated speech that came at the end of a turbulent week … Read more
China’s leaders have sent a clear message about the effects of the Trump administration’s sweeping tariffs: Things will be painful, but it is nothing that the country cannot handle. A commentary on Sunday in the Communist Party mouthpiece, the People’s Daily, said Beijing had prepared for a trade war with the United States and that … Read more