The Ever Given, one of the world’s largest container ships, careened out of control in March 2021, slamming into the banks of the Suez Canal and blocking the waterway. Nearly as long as the Empire State Building is tall, it held up more than $5 billion in trade for each of the six days the … Read more
Inflation is expected to have stayed stubbornly high in February, an unwelcome sign for the Federal Reserve as it grapples with the prospect of a sharp slowdown in growth as a result of President Trump’s trade war. The latest reading of the Consumer Price Index, set for release on Wednesday, is forecast to have risen … Read more
President Trump’s imposition of tariffs on all steel and aluminum imports could make it more expensive to produce cars in the United States, dealing another blow to automakers already facing the potential of rising steel prices because of other policies from his administration. Top of mind for auto executives was the bid by the Japanese … Read more
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world. … Read more
Opposite the bustling Nassau Bahamas Cruise Terminal, where it is not unusual to see four or five passenger ships docked at once, is a slice of tropical paradise with miles of white-sand beaches and turquoise water. Once dotted with mansions, the 17-acre expanse on the western end of the Bahamas’ Paradise Island, has been acquired … Read more
The nation’s top securities regulator is backing down on crypto enforcement and climate disclosure initiatives as the agency is expected to take a more friendly and receptive approach to companies. But not everyone at the Securities and Exchange Commission is on board with this change in priorities under the Trump administration. When the S.E.C. announced … Read more
The European Union has spent months bracing for painful tariffs from the United States, the bloc’s most important trading partner. On Wednesday, as American steel and aluminum tariffs of 25 percent took effect, European officials began to respond. While the United States buys the most steel and aluminum from countries including Canada, Brazil and Mexico, … Read more
“Making It Work” is a series about small-business owners striving to endure hard times. When Nicole Rizzo saw the “For Sale” listing for Die Cleaning Equipment, the first detail she liked was that it was run by a married couple. Ms. Rizzo, then 43, was searching for a company to run alongside her own husband. … Read more
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world. … Read more
President Trump escalated his fight with Canada on Tuesday, threatening to double tariffs on steel and aluminum imports and pressing to turn one of America’s closest traditional allies into the 51st state. After several tense hours, both sides backed down, at least for now. It was the latest in a week of chaotic trade moves, … Read more