President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest consumer market. Naturally, they are looking for the next big thing. Statistically speaking, that would mean China. The E.U. has the second-largest consumer market in the world behind America; China is … Read more
The Chinese government will match President Trump’s plan for 34 percent tariffs on goods from China with its own 34 percent tariff on imports from the United States, China’s Finance Ministry said on Friday. Separately, China’s Ministry of Commerce said it was adding 11 American companies to its list of “unreliable entities,” essentially barring them … Read more
In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the public for economic pain. They warned that while there would be fallout from their aggressive trade strategy, it would prove short-lived and benefit the economy in the long run. Investors, businesses and others made clear … Read more
Newer and more expensive medications are more likely to be made in the United States or Europe. Ireland, in particular, has become a hub because it is a tax haven. Many of the industry’s biggest blockbusters are manufactured at least partly in Ireland. Among them are: Keytruda, Merck’s cancer drug; Zepbound, Eli Lilly’s weight-loss drug; … Read more
“Inflation is a low drip, like boiling a frog: The impact kind of creeps up on you, but when it hits, it doesn’t feel good,” Mr. Haynes said. Don’t fool yourself into thinking you can bail out of stocks now, then jump back in when the market stabilizes. Gains historically have come in unpredictable spurts, … Read more
President Trump’s threatened tariffs on countries that buy oil from Venezuela are another example of how his trade moves could hit China the hardest even when China is not named as the target. Mr. Trump announced the 25 percent “secondary tariffs” last week, portraying them as aimed at the authoritarian government of Nicolás Maduro in … Read more
With the tariffs that President Trump unveiled on Wednesday, he is not just closing America’s front door to Chinese exports — he is slamming the back doors shut as well. He has now piled tariffs totaling 54 percent on goods coming straight from China, on top of tariffs of up to 25 percent that he … Read more
When Daniel Cox was growing up in Rochester, N.Y., he spent every Saturday night at Pizza Hut with his father and two brothers. The server got to know the family so well that when she saw their blue Dodge Caravan roll up, she would put their order in: two cheese pan pizzas and two pitchers … Read more
Share prices fell sharply for a second day on Friday in Asia, and futures market trading indicated that American share prices might soon tumble further as well, as worries spread about the economic effect of President Trump’s broad tariffs. The Nikkei 225 Index in Japan was down 3.8 percent. That followed a 2.8 percent drop … Read more
The New Civil Liberties Alliance — a nonprofit group that describes itself as battling “violations by the administrative state” — sued the federal government on Thursday over the means by which it imposed steep new levies on Chinese imports earlier this year. The new filing, which the group said was the first such lawsuit to … Read more