BUSINESS

Years before President Trump returned to the White House, his budget chief, Russell T. Vought, began mapping out a plan to shrink the federal government. In Mr. Vought’s design, spending would be slashed by about $9 trillion over the next decade. Entire federal programs — from housing vouchers to student loans — would be eliminated. … Read more

Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of … Read more

Xi Jinping, China’s top leader, met with top executives of Saudi Aramco, BMW, Toyota Motor, FedEx and dozens of other foreign companies at the Great Hall of the People in Beijing on Friday as China seeks to boost foreign investment amid worsening trade relations between China and the United States. It was the third time … Read more

In December 1967, when he arrived at a snowy farm on China’s northeastern border with the Soviet Union, Xu Chenggang carried with him an electron tube to help him assemble a radio. Mr. Xu, a 17-year-old Beijing native, would spend the next 10 years there, living in a horse stable and subjected to re-education and … Read more

The long-running battle over whether to allow Pacific Ocean seabed mining took an unexpected turn Thursday when a company disclosed it had been confidentially negotiating a plan with the Trump administration to circumvent a United Nations treaty and perhaps obtain authorization from the United States to start mining in international waters. The proposal, which drew … Read more

When CoreWeave, the cloud computing company vying to become the first major artificial intelligence start-up to go public, filed paperwork for a public listing earlier this month, it was a mark of optimism in an otherwise rocky market for I.P.O.s. But now that optimism has faded as the New Jersey-based CoreWeave significantly reduced the size … Read more

Jennifer Salke, Amazon’s head of film and television, is stepping down from her position after seven years on the job, the company said on Thursday. In a surprise move, Ms. Salke will move into a producing deal at Amazon and will not be replaced. “Jen has decided that her next challenge and chapter will be … Read more

President Trump and his supporters have clashed with mainstream economists for years about the merits of tariffs. Now, the world will get to see who is right, as the president’s sweeping levies on automobiles and auto parts play out in a real-time experiment on the global economy. In Mr. Trump’s telling, tariffs have a straightforward … Read more

new video loaded: World Leaders React to Trump’s Auto Tariffs transcript Back transcript World Leaders React to Trump’s Auto Tariffs President Trump’s announcement of 25 percent tariffs on imported cars and auto parts prompted world leaders to rebuke the decision. “It’s my solemn promise that when President Trump threatens us again, we will fight back. … Read more