News
U.S. and China Agree to Stick to Prior Trade Truce as Tensions Escalate
The United States and China, trying to ease economic tensions between the superpowers, agreed to a “framework” for extending a trade truce…
Tag
Customs (Tariff)
Politics
5 Takeaways From the U.S.-U.K. Trade Agreement
The United States and Britain announced on Thursday that they had reached a deal that would reduce tariffs on some imports, such as steel,…
Politics
Trump drops his nominee for U.S. attorney in Washington after Republicans balk.
Representative Gabe Evans, Republican of Colorado, secured his ticket to Washington in November when he defeated a Democratic member of…
Business
U.S. Trade Deal Could Lift UK Economy, but Won’t Transform It
The British government made faster economic growth its No. 1 mission. But efforts to kick-start it have been repeatedly knocked off course…
Politics
Trump Administration to Announce Trade Deal With Britain
For Britain’s prime minister, Keir Starmer, the trade deal would offer vindication for his assiduous cultivation of Mr. Trump. During his…
Business
Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months
A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen…
Politics
Trump’s Threat of ‘Foreign’ Film Tariffs Stirs Anxiety in the U.K.
President Trump’s desire to “make Hollywood great again” by wielding his preferred economic weapon — tariffs — has sent a shiver through…
Business
As Fed Holds Rates Steady, Powell Says Next Step Is ‘Not at All Clear’
The Federal Reserve left interest rates unchanged on Wednesday for a third meeting in a row, as officials pointed to heightened…
Business
Are We Headed for Recession? Economists Look Everywhere for Signs.
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising…
Politics
Senators are urging Paramount to fight Trump’s ‘60 Minutes’ lawsuit.
The Trump administration is planning to transport a group of immigrants to Libya on a U.S. military plane, according to U.S. officials,…
Politics
Trump’s Threatened Tariffs Are So Large, 10% Feels Like a Relief
There has been a mantra spreading among weary corporate executives who are becoming resigned to President Trump’s tariffs while still…
Business
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the…
Business
Why China Is Investing So Much Money in Moroccan Factories
When Xi Jinping, China’s top leader, returned from the Group of 20 summit in Brazil last November, he made a stopover in Casablanca, where…
Politics
U.S. and China to Hold First Trade Talks Since Trump’s Tariffs
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting…
Politics
Chinese Imports to US Hit 20-Year Low as Tariffs Sink In
The share of U.S. imports from China in the first quarter of the year fell to its lowest point in over 20 years, as the high tariffs…
Politics
Barbie Maker Mattel Plans to Raise Prices Because of Trump’s Tariffs
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children…
Politics
India and UK Strike Trade Deal Amid Trump’s Tariff Upheaval
Britain and India agreed to a trade deal on Tuesday, strengthening economic ties between two of the world’s largest economies amid…
Politics
Carney to Meet With Trump on a High-Stakes Visit to the White House
Just days after winning a stunning election on an anti-Trump platform, Prime Minister Mark Carney of Canada on Tuesday will meet with…
Politics
Tariffs Could Wreck What Bangladesh’s Garment Workers Have Gained
It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the…
Politics
How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American…
Business
The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market…
Politics
Trump Says He Will Put 100% Tariff on Movies Made Outside U.S.
President Trump said he would impose a 100 percent tariff on movies “produced” outside the United States, proclaiming in a social media…
Politics
China’s Garment Factories Face a Tipping Point After New Tariffs
Liu Miao has sold clothing on Amazon to wholesale buyers in the United States for the past five years. That trade has come to an abrupt…
Politics
Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…