Vietnam’s top leader, To Lam, has asked President Trump to delay the imposition of tariffs for at least 45 days so the two sides can avert a move that would devastate the Vietnamese economy and raise prices for American consumers. The 46 percent tariff rate the United States has said it will impose on Vietnam … Read more
Jaguar Land Rover, the British luxury automaker, said on Saturday that it was pausing shipments to the United States in April, days after President Trump’s auto tariffs went into effect. The company, which makes luxury cars that include Jaguars, Defenders and Range Rovers, does not have manufacturing facilities in the United States and exports all … Read more
It was much worse than expected. President Trump’s attempt to reverse the rules of global trade through sweeping tariffs against dozens of nations, including major partners like the European Union, Japan and China, has caused a meltdown in global markets and sent corporate boardrooms scrambling. Today, 10 percent tariffs go into effect on all of … Read more
The Republican Party embarked this week on a haphazard experiment in economic policymaking, wagering that the United States can weather a monumental tax increase in the form of broad tariffs on imported goods as long as Congress also cuts taxes on income. It’s a mash-up that many investors, economists and even some G.O.P. lawmakers expect … Read more
‘As a business owner, you don’t make money right away, right?’ Hamid Chaudhry, 53, from Reading, Pa. “I live in Trump country,” Hamid Chaudhry said. “Nobody is panicking.” The owner of a farmer’s market, he said he has taken a 25 percent cut in profits over the past year because of the rising costs of … Read more
Believe the hype: Epic Universe, the first major new theme park to open in Central Florida in 26 years, lives up to its name and then some. Honestly, I’m as shocked as you are. But epic-ness was indeed my takeaway after recently spending two days inside Epic Universe as part of “technical rehearsals,” a type … Read more
The nation that the Trump administration slapped with the heftiest tariff this week is a small, rural, landlocked country in southern Africa that is among the world’s poorest. Lesotho, which makes denim that goes into American-branded jeans, was hit with a 50 percent tariff. It was among several lower-income countries on the continent that were … Read more
The notion that the Federal Reserve will rush in to rescue investors in a crisis has comforted investors for decades. But in the big market downturn induced by President Trump’s tariffs, no Fed rescue is in sight. Jerome H. Powell, the Federal Reserve chair, made that clear on Friday. The tariffs are much “larger than … Read more
President Trump’s new tariffs on more than 100 countries used the same simple formula to calculate the rate for each of them. The formula’s central value is the trade deficit, the difference between imports and exports between each country and the United States, for the year 2024. The slightly more detailed math looks like this: … Read more
