Lesotho Has Few Options to Counter 50% U.S. Tariffs

In Lesotho, the small southern African nation that is among the countries hardest hit by President Trump’s new tariffs, business owners were meeting on Wednesday to strategize their response. For a country with an economy worth just $2.1 billion, few options are on the table. Mr. Trump imposed a 50 percent tariff on Lesotho, owing … Read more

Delta Warns Trump’s Trade War Could Lead to a Recession

Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. In an interview with CNBC on Wednesday, Delta’s chief executive, Ed Bastian, said a recession was possible as companies pulled back spending. “Everyone’s being prepared for … Read more

What Is Trump’s Tariff Endgame? Recession Fears Grow.

Worst offenders Broad new tariffs on U.S. trading partners went into effect a few hours ago, including huge penalties for those on President Trump’s “worst offenders” list. Up next: the threat of additional levies on pharmaceutical imports. The moves have hit jittery investors in the gut yet again, with bonds, Asian and European stocks and … Read more