The auto industry witnessed a different kind of March madness last month as buyers flocked to dealerships to lock in deals before President Trump’s auto tariffs lift prices by thousands of dollars, several carmakers said. “This past weekend was by far the best weekend I’ve seen in a very long time,” Randy Parker, the chief … Read more
President Trump has settled on a final plan for sweeping “reciprocal” tariffs, which are expected to take effect on Wednesday after he announces the details at an afternoon Rose Garden ceremony. The White House press secretary, Karoline Leavitt, confirmed the timeline in a briefing with reporters on Tuesday, adding that Mr. Trump had been huddling … Read more
The incoming German chancellor, more convinced than ever that the defense and trade relationship with Washington is crumbling, has made plans to execute on his goal of “independence from the U.S.A.” He’s not the only one. The new Canadian prime minister said last week that “the old relationship we had with the United States” — … Read more
The Trump administration’s move to gut an agency that aims to support minority-owned businesses has alarmed Democratic lawmakers and nonprofits, who say the action could harm job growth and businesses that rely on the agency’s services. President Trump signed an executive order last month that would effectively dismantle seven agencies “to the maximum extent consistent … Read more
Two of China’s biggest state-owned automakers are in advanced discussions to merge, in a deal that would create a formidable manufacturer of cars and military vehicles but could also create problems for their American and Japanese partners. Dongfeng Motor and Changan Automobile have conducted detailed talks on how to combine their operations and told their … Read more
China’s Xiaomi, a consumer electronics giant turned automaker, said it is cooperating with a police investigation into a fatal crash involving one of its electric vehicles while the driver was using the car’s autonomous driving features. A Xiaomi SU7 sedan drove into a concrete guardrail on an expressway in eastern China late on Saturday night … Read more
Hooters, the restaurant chain known for its chicken wings, its all-female serving staff in revealing outfits and its slogan — “delightfully tacky, yet unrefined” — has filed for bankruptcy in a Texas court, the company announced on Monday. Under the bankruptcy agreement, a group that includes the company’s founders — who independently run about a … Read more
What’s behind door No. 1? President Trump likes a big splash, and he’s not holding back for Wednesday’s introduction of reciprocal tariffs on America’s trading partners: Expect a major announcement in the Rose Garden. Otherwise, detail is lacking. That prompted a major stock sell-off, with the S&P 500 experiencing its worst one-month loss since 2022 … Read more
Firemen from Highland Beach, Fla., were heading to a conference in Miami, a money manager to his office in Boca Raton. Families with young children wearing Mickey Mouse ears and toting Little Mermaid backpacks, filled the train’s sun-soaked four-seaters on their way to or from Disney cruises and various theme parks. Florida, of all places, … Read more
Women in blue cloth hairnets sew the finishing touches on plush pink piggies and orange stuffed foxes, before tossing them onto giant piles in Maria Liao’s factory in southern China. They will be boxed and shipped to the United States, where many of Ms. Liao’s clients are based. The factory is quieter than it should … Read more