The U.S. agricultural industry is bracing for the potential of tens of billions of dollars in losses after China on Friday announced a 34 percent retaliatory tariff on imports from the United States. China’s counterpunch to worldwide levies announced by the Trump administration this week will hit American farmers hard. China, which consumes 14 percent … Read more
More than 500 law firms on Friday threw their support behind some of their embattled peers, declaring that President Trump’s recent crackdown on the law firm industry poses “a grave threat to our system of constitutional governance and to the rule of law itself.” The firms, 504 in all, signed a so-called friend of the … Read more
Republicans in Congress cannot use an obscure legislative maneuver to stop California’s ban on the sale of new gasoline-powered cars by 2035, the Senate parliamentarian ruled on Friday. The decision dealt a blow to efforts by the Trump administration to quickly kill policies that promote electric vehicles. California had received a federal waiver under the … Read more
Investors around the globe this week sent President Trump a clear message about his new tariff policy, announced triumphantly as a remaking of the economic order. They don’t like it. The S&P 500 fell 6 percent on Friday, bringing its losses for the week to 9.1 percent. Stocks hadn’t fallen this far this fast since … Read more
Bostonians like to brag about their celebrities with big personalities — David Ortiz, Mindy Kaling, Mark Wahlberg, to name a few. And then there’s Eliot Tatelman of Jordan’s Furniture. While not well known outside New England, Mr. Tatelman has been a fixture for years on local television, hawking mattresses and sofas in humorous, relatively low-budget … Read more
Of all the countries that expected to be immune to President Trump’s tariffs, Switzerland was at the top of the list. The tiny Alpine nation, famous for its political neutrality, fine chocolates and precision watches, had eliminated industrial tariffs recently on all imports, including American goods. It has kept the European Union at arm’s length … Read more
Sizing up what President Trump’s new tariffs mean for India was a puzzle from the start for even the country’s top trade economists. Its politicians, too, were stunned. Starting next week, nearly all Indian goods arriving in the United States will be taxed an extra 27 percent. The figure was bafflingly high, in part because … Read more
At 11 a.m. on Friday, the S&P 500 was down about 4 percent, on top of a nearly 5 percent drop the day before. On Fox News, Harris Faulkner opened her 11 a.m. newscast with the following pronouncement: “President Trump is keeping another campaign promise. He tilted the global economy, and he’s done that to … Read more
At 11 a.m. on Friday, the S&P 500 was down about 4 percent, on top of a nearly 5 percent drop the day before. On Fox News, Harris Faulkner opened her 11 a.m. newscast with the following pronouncement: “President Trump is keeping another campaign promise. He tilted the global economy, and he’s done that to … Read more
The Japanese video game company Nintendo said on Friday that it would delay preorders for its new console, the Switch 2, in the United States because of the tariffs imposed by President Trump. The Switch 2’s price was unveiled as $450 this week. Its release date of June 5 remains unchanged, the company said. U.S. … Read more