Sweeping tariffs on imports from Canada, Mexico and China went into effect just after midnight on Tuesday, raising U.S. tariffs to levels not seen in decades and rattling foreign governments and businesses that depend on international trade. As of 12:01 a.m. Tuesday, the Trump administration added a 25 percent tariff on all imports from Canada … Read more
When Jennifer Trebb first pulled into her driveway two years ago with her sleek Tesla Model Y, it was — as she put it — “kind of like a ‘Back to the Future’ moment.” She was helping the environment, she said, but driving a Tesla also had cachet. “It was definitely a little bit of … Read more
Nobody knows how exactly how long ago a marbled and tender boneless short-loin steak came to be known across the United States as a New York strip. Everybody agrees, though, that the nomenclature wasn’t the least bit controversial until last Friday, when Lt. Gov. Dan Patrick of Texas proposed a new name: the Texas strip. … Read more
On Sunday evening, as well-heeled guests trickled out of a screening of “Becoming Katharine Graham,” a documentary on the fabled former Washington Post publisher, they couldn’t help but remark on how much has changed at the paper, and in Washington. Under Ms. Graham, from 1963 to 1991, the publication transformed itself from a regional newspaper … Read more
Stocks fell sharply on Monday afternoon after President Trump affirmed tariffs on imports from Canada and Mexico, dashing investors’ hopes of a last-minute reprieve and intensifying concern that the sweeping tariffs could hit corporate profits and fuel inflation. The S&P 500 fell 1.8 percent, the index’s biggest daily drop this year. The technology-heavy Nasdaq fell … Read more
Elon Musk’s Department of Government Efficiency has deleted hundreds more claims from its mistake-plagued “wall of receipts,” erasing $4 billion in additional savings that the group said it had made for U.S. taxpayers. Late Sunday night, the group erased or altered more than 1,000 contracts it had claimed to cancel, representing more than 40 percent … Read more
President Trump campaigned on a promise to bring down interest rates. And he has fulfilled that pledge in one key way, with U.S. government bond yields falling sharply. But the reason for the drop is an unnerving one: Investors appear to be more on edge about the outlook for the economy. Treasury Secretary Scott Bessent … Read more
At the biggest toy industry trade show in the Western Hemisphere this weekend, toy makers, as usual, displayed seemingly endless rows of stuffed animals, action figures and puzzles, hoping to entice retailers to pick their products. But this year, the chatter at Toy Fair New York was dominated not by the next Barbie, but a … Read more
European defense stocks soared on Monday after the region’s leaders vowed to take on “the heavy lifting” of defending Ukraine from Russia. The rally comes as the three-year-old war appears set to move into a new stage after an Oval Office blowup on Friday put President Volodymyr Zelensky of Ukraine on the outs with President … Read more
There is the theory that President Trump is still bitter about his Canadian hotel ventures that went bust. Some, on social media, have speculated that a 2019 photograph in which Justin Trudeau appeared poised to kiss Melania Trump, the first lady, at a Group of 7 gathering in France, left Mr. Trump with a grudge … Read more