Category: Finance

As the fallout from President Trump’s global trade war spreads, investors are fleeing what is typically seen as the safest corner.

President Trump’s next round of tariffs on major trading partners went into effect just after midnight, bringing levies on China to at least 104 percent.

The feud between two of President Trump’s top advisers is playing out as the administration’s new tariffs have caused huge losses across global financial markets.

Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated [more…]

The president said he would counter Beijing’s tariffs — which came in response to Mr. Trump’s own levies — with even more tariffs on Chinese [more…]

Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from [more…]

President Trump vowed to aid entrepreneurs by reducing taxes and slicing red tape. But some owners say other policies have put them at a disadvantage.

The president announced sweeping tariffs on Wednesday in an effort to reset global trading relationships. Here’s what you need to know.

The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff [more…]

The company’s move is one of the first and clearest examples of automakers using price increases to deal with the 25 percent tariffs President Trump [more…]

European leaders have said they would prefer to negotiate. If that fails, their response could go beyond anything they’ve tried before.

A nonprofit group said the president misapplied a law in imposing those levies and portrayed its filing as the first lawsuit to challenge the Trump [more…]

The industry supplies low-cost clothing to the United States is a crucial part of the Asian countries’ economies.

The 34 percent tariff announced on Wednesday is in addition to two rounds of import taxes the president already imposed since January.

Tariffs risk slowing growth and making inflation stickier, a tricky combination for the central bank as it debates what to do about interest rates.

The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import [more…]

The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.

The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could influence tariffs the president puts into effect this [more…]

Businesses that rely on immigrants are pushing for legislation to ensure an adequate, legal flow of laborers from abroad as deportations ramp up.

The move added to the list of actions by President Trump that use the powers of his office to weaken perceived enemies.

Advocates of higher birthrates have support in the Trump administration. But it’s unclear whether their priorities will win out.

“Prices are going to shoot up now,” one shopper said. But some dealers said that economic concerns might be keeping people away.

Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.

The scale of the damage depends on the circumstances of each company’s supply chain.

The Federal Reserve’s preferred inflation measure showed underlying price pressures persisting in February, as inflation-adjusted spending stayed muted.

With sweeping auto levies, the president is putting his beliefs about tariffs into practice on the global economy. Economists aren’t optimistic.

A report card from an engineering group found that American roads, ports and other infrastructure got better last year but could be hurt if federal [more…]

The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.

The level in the Conference Board’s latest monthly survey was the lowest since January 2021.

The additions included companies that are customers of Intel and Nvidia, and one firm that was the focus of a New York Times investigation last [more…]

The unemployment rate for college graduates has risen faster than for other workers over the past few years. How worried should they be?

The president plans to wield tariffs like financial sanctions, ordering that countries that buy Venezuelan oil have tariffs put on their exports to the United [more…]

The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s [more…]

Tariffs are at the heart of the tension between the White House and the central bank.

The Federal Reserve will release fresh economic estimates on Wednesday. Here’s how to read the outlook for 2025 and beyond.

The companies that operate large container ships say they plan to keep going around Africa as violence flares in the region.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

Labor groups said working conditions had not changed enough to warrant the removal. The company is partly owned by donors to President Trump.

Tariffs took center stage during the news conference with Jerome H. Powell, the Fed chair, on Wednesday.

Chinese experts say Beijing is open to talks but is being stonewalled by the State Department and other official channels.

President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those [more…]

Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading [more…]

Employers added 151,000 jobs in February, the Labor Department said, based on surveys taken as Trump administration policies were still rolling out.

The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. [more…]

The European Union wants to force the United States to the negotiating table with retaliatory tariffs on a range of American products, including some from [more…]

Even before the new levies took effect, the industry was worried about prices after President Trump opposed a major merger in the steel sector.

In the first 50 days of his second term, President Trump’s penchant for imposing and then suspending tariffs has shaken markets and confounded trading partners.

By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through government contracts.

President Trump’s sweeping promises are running headlong into the reality of governing.

Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.

The mood at a gathering of central bankers, economists and analysts in Europe was somewhat bewildered, as they assessed the unpredictability of trade policy and [more…]

Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.

President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and [more…]

On Tuesday, President Trump sent markets into another tailspin by announcing additional tariffs on Canada, suggesting a falling stock market is no longer the bulwark [more…]

His administration has acknowledged that exceptions undercut the power of tariffs, but it seems hard for the president to resist making deals.

Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.

Unemployment is low, but there isn’t much room to move around — especially for those with highly government-specific skills.

Fearing roundups, many immigrants are staying home. Construction, agriculture, senior care and hospitality employers say labor shortages will worsen.

With prices still high, the Trump administration is heeding the risks of fanning inflation with import duties.

Shrinking cities have tried to stabilize their populations with foreign-born residents. The strategy was working, until the inauguration.

The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from [more…]

Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.

Investors sent stock prices down on Thursday amid the uncertainty over what President Trump’s inconstancy means for the global economy.

Goods trading under the rules of the North American trade pact, or most products, would be exempt from tariffs, the president said. The levies have [more…]

Lawmakers were warned that the United States is planning more punitive actions against the country. Officials hope a new trade deal will help repair the [more…]

President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs [more…]

Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on [more…]

Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.

President Trump imposed hefty tariffs on the United States’ largest trading partners on Tuesday, roiling global relations and sending shock waves through industries that depend [more…]

President Trump could still choose to pause the tariffs he is threatening to put on America’s largest trading partners Tuesday, but industries are preparing for [more…]

The president initiated an investigation that could lead to tariffs on lumber imports, nearly half of which comes from Canada.

The president has promised big results, from raising revenue to reviving domestic manufacturing. But many of his goals undermine one another.

The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself.

More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.

The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the math will work out.

U.S. officials are considering whether they can strike a deal with China that would ramp up its purchases of American goods and investments in the [more…]

Tech start-ups typically raised huge sums to hire armies of workers and grow fast. Now artificial intelligence tools are making workers more productive and spurring [more…]

A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.

With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.

Asked for her views on pro-labor legislation she backed as a House Republican, Lori Chavez-DeRemer said she would simply serve the president’s agenda.

A longtime Wall Street executive, Mr. Lutnick will take on a broad portfolio that includes defending U.S. business interests and overseeing restrictions on technology exports.

Top officials are grappling with how to handle potential price increases caused by the administration’s policies.

Along the Pearl River in southern China, a fast-growing industry is churning out cheap clothes and toys that are flooding the world duty-free.

Liquor is leverage as the world careens toward another trade dispute. European tariffs on American whiskey snap back after March 31 unless an extension is [more…]

The outcome was a setback for workers trying to score a second election success at an Amazon facility. The union vowed to keep trying to [more…]

The lack of clarity about tariffs and other policies could hurt hiring and investing. But the strong U.S. economy should provide a buffer.

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started.

With less than a month in office, the president has pursued trade actions that could shatter the global trading system and dwarf the trade measures [more…]

The president said his advisers would devise new tariff levels reflecting countries’ tariffs, taxes, subsidies and other policies affecting trade with the United States.

President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.

The president’s threats to slap duties on goods imported from the European Union are part of a pattern of directing the harshest penalties at the [more…]

The president said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates [more…]

Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and other users of metal [more…]

The president imposed a 25 percent tariff on global metals, repeating a move from his first term. Economists and foreign governments know what will come [more…]

The president said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates [more…]

The report will revise figures from 2023 and 2024. Here’s what to know.

Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17 years ago. The Trump administration is considering letting [more…]

U.S. employers added 143,000 jobs last month, somewhat fewer than forecast, while unemployment fell to 4 percent and hourly earnings rose.

President Trump announced potentially crippling tariffs against Canada, only to suspend them for 30 days. What will satisfy him remains unknown.

The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, allowing its low-cost products [more…]

The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.

Many Democrats and activists are rallying to defend diversity programs, but others say they distract from deeper efforts to address inequality.

The Labor Department’s January survey will include revisions making data for previous months look stronger in some cases and weaker in others.

A strong dollar helped drive an uptick in U.S. imports last year, while export growth remained modest.

The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.

The president’s tariff measures included a big change to trade rules that could increase costs for many purchases from sites like Amazon, Shein and Temu.

After a 10 percent tariff on Chinese products took effect on Tuesday, China announced retaliatory measures, including tariffs and an investigation of Google.

The president sees the U.S. economy as a powerful lever against other countries but there are risks to that approach.

President Trump says the canal authority is overcharging. Recent increases are attributed in part to drought, maintenance investments and demand.

The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.

General Motors and a few other companies make as much as 40 percent of their North American cars and trucks in Canada and Mexico, leaving [more…]

Ties between the United States and Mexico have deepened over 30 years of free trade, creating both benefits and irritants.

The order is aimed at “last-minute, lame-duck” agreements signed by the Biden administration, a White House memo says.

The White House press secretary said the president would move forward with levies on America’s largest trading partners on Saturday.

Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.

Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed remedies still differ radically.

Howard Lutnick, the financier President Trump has picked to lead the Commerce Department, said he favored “across-the-board” tariffs and was grilled about his financial ties [more…]

The U.S. central bank is expected to hold interest rates steady as officials weigh a solid economy and rising inflation risks.

General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from [more…]

The president is increasingly threatening other countries with tariffs for issues that have little to do with trade.

Whole Foods workers in Philadelphia are voting on whether to form the first union in the Amazon-owned chain. The company is pushing back.

The market perked up late in the year when interest rates eased, but affordability challenges yielded the fewest transactions since 1995.

Howard Lutnick disclosed details of complex financial interests, holding at least $800 million in assets.

President Trump appears willing to shake up almost every policy area, and a behind-the-scenes E.U. task force has been trying to prepare. But is Europe [more…]

The United Automobile Workers union has been pressing the automaker, which owns Chrysler and Jeep, to revive the plant in Belvidere, Ill.

The president said he will impose tariffs Feb. 1 on products from Canada, Mexico and China, countries that together account for more than a third [more…]

The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking [more…]

President Trump wants an External Revenue Service to collect tariffs on imports. One trade expert said the move may be “more branding than substance.”

The president’s executive action on trade will keep all possibilities on the table, including eventual tariffs against China, Canada and Mexico.

The incoming president has floated numerous tariff plans. Retailers say their livelihood could depend on which ultimately come to fruition.

Government agencies that shrank in President-elect Trump’s first term have mostly bounced back, and some have become even larger.

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success [more…]

Mr. Trump has said he plans to nominate Billy Long, a former Republican congressman, to the role.

Federal employees and others in the capital have grown attached to work-from-home arrangements. But hybrid work may disappear in the second Trump era.

The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.

The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.

Gov. Gretchen Whitmer addressed the Detroit Auto Show, saying that tariffs should not be used “to punish our closest trading partners,” like Canada.

The administration announced it would penalize its largest-ever batch of companies linked to Xinjiang, including major suppliers of critical minerals and textiles.

The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials [more…]

Cargo could stop flowing at East and Gulf Coast ports, which handle most imports, if a union and an employers’ group can’t agree on the [more…]

Retailers may be taking a more staggered approach to holiday hiring.

A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.

A marriage between the service employees union and the A.F.L.-C.I.O. could better equip organized labor to deal with a less-friendly administration.

Putting tariffs on Denmark unless it cedes the island of Greenland could hurt access to a few key products, including popular medicines.

Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some [more…]

He put forth the so-called Easterlin paradox, finding that the richer you are doesn’t mean the more satisfied you’ll be with your life.

The Commerce Department requested that private companies comment on the implications of the rule by March. The final decision will fall to the Trump administration.

The president-elect inaccurately said that Chinese soldiers operate the Panama Canal. But China’s strategic positions in shipping worry Washington officials.

The president-elect has said he will use sanctions sparingly while vowing to end the war in Ukraine, renewing questions over their efficacy.

The companies have found plenty of new channels to the U.S. market — demonstrating the potential limits of the tariffs Donald Trump has promised to [more…]

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.

President-elect Donald J. Trump has threatened to impose tariffs on Canadian exports unless the country stops the flow of migrants and fentanyl to the U.S.

As the technology is widely adopted, some once-struggling midsize cities in the Midwest, Mid-Atlantic and South may benefit, new research predicts.

President-elect Donald J. Trump is expected to roll back many of the rules and subsidies that have attracted billions of dollars from the private sector [more…]

The Japanese companies are considering joining forces to survive in a rapidly changing auto industry, but auto history is filled with troubled and failed marriages.

The older-style chips are crucial for a wide array of appliances and other machinery, including weaponry.

America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.

The walkouts in Los Angeles, Chicago and Seattle come after talks between the company and the workers’ union failed to produce an agreement on raises.

Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls to help the economy, experts say.

A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.

The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

The chipmaker expects more than $10 billion in foreign sales this year, but the Biden administration is advancing rules that could curb that growth.

The retail giant said it expected its operations to be largely unaffected by the strike by some Teamsters union members.

President-elect Donald J. Trump’s proposals on tariffs, immigration, taxes and deregulation may have far-reaching and contradictory effects, adding uncertainty to forecasts.

Silicon Valley hopes that tech giants like Elon Musk could help to push the incoming Trump administration toward offering more visas to highly skilled foreign [more…]

Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.

The investigation could result in tariffs on older types of chips from China, though the decision would ultimately fall to Trump.

Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to [more…]

President-elect Donald J. Trump is supporting the International Longshoremen’s Association, which could strike soon if it doesn’t reach a deal on automation with employers.

An intense struggle has unfolded in Washington between companies and officials over where to draw the line on selling technology to China.

The Bureau of Labor Statistics, which tracks jobs and inflation, issued a report on what caused embarrassing episodes in which data was released improperly.

The department has confronted the challenge of China by restricting key exports, a policy that is likely to continue in the Trump administration.

Layoffs remain relatively low, but people who lose their jobs could be struggling to find new ones.

Walter Mosley talks about how his fictional hero frees himself from wage labor through America’s favorite side hustle: landlording.

Fannie Mae and Freddie Mac, which backstop most U.S. mortgages, know floods and fires are a growing problem. But little action has been taken.

From Facebook political debates to college classrooms, the St. Louis Fed’s data tool has gained a major following.

Hiring bounced back after disruptions from storms and a major strike.

President-elect Donald J. Trump threatened to impose tariffs on countries that seek to replace the dollar in trade or undermine its global reserve currency status.

A plan by the Biden administration would phase out a provision that allows employers to pay workers with disabilities less than the federal minimum wage.

New rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s [more…]

President Claudia Sheinbaum responded to President-elect Trump’s threat to impose high tariffs, saying such a move would inflict damage on both countries.

Minutes from a Nov. 6-7 meeting showed that Federal Reserve policymakers favored lowering rates “gradually.”

The president-elect’s threat to hit Canada, Mexico and China with new tariffs is already rocking business and diplomatic relationships and could topple the trade pacts [more…]

The president-elect’s opening salvo in trade and border talks with the United States’ neighbors is casting a harsh light on the North American alliance.

Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump’s tariffs loom as a potential risk.

The lawyer Jamieson Greer is set to be the top U.S. trade negotiator, a crucial position given the president-elect’s threats to impose tariffs on imports [more…]

The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment [more…]

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China [more…]

The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working [more…]

Logging has long been a way of life for rural communities in the Pacific Northwest and South. It also comes with grave risk.

Donald Trump has a record of pardoning favored companies from tariffs. Companies are once again lining up to try to influence him.

A moderate from a swing district, she received endorsements from several unions but narrowly lost her bid for a second House term.

JD Vance and others on the “new right” say limiting immigration will raise wages and give jobs to sidelined Americans. Many studies suggest otherwise.

It requested information from a handful of firms that make chip manufacturing possible about their commercial ties to China.

President-elect Donald J. Trump is assembling a team of aides bent on confrontation with China. But he also has advisers who do business there, including [more…]

Companies are filling their warehouses or looking into moving factories as they weigh President-elect Donald J. Trump’s threats to impose tariffs on foreign goods.