Business
A Tidal Wave of Change Is Headed for the U.S. Economy
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products…
Tag
Customs (Tariff)
Politics
Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles…
Politics
US Hiring Stayed Strong Amid Early Days of Tariff Policy, Jobs Report Shows
The latest message from the data on the U.S. economy is simple: So far, so good, until further notice. The labor market remained in a…
Politics
Companies Are Raising Prices as Tariffs Hit
More companies are starting to warn that they will have to pass on higher costs to American consumers, raising prices for products like…
Business
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more…
News
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
Business
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
Politics
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said the Trump administration’s tariffs would…
News
Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast
The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday…
News
Here’s what happened on Wednesday.
Mohsen Mahdawi, an organizer of the pro-Palestinian movement at Columbia University, was freed from federal custody on Wednesday, more…
Politics
Trump boasts about the economy, but says weak data is Biden’s problem.
President Trump took office 101 days ago after a campaign in which voters bought his argument that he could skillfully manage the economy…
Politics
Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
European carmakers, including Mercedes-Benz, Stellantis and Volkswagen, said Wednesday that the chaos and upheaval caused by the tariffs…
Business
Under Trump, Stocks Have the Worst Start to a Presidential Term Since 1974
One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty three days of losses. More than $6.5…
Politics
Do CEOs Dare Risk Tariff Transparency, and Draw Trump’s Fury?
Trump’s price war At a rally in Michigan last night, President Trump declared that “we’re ending the inflation nightmare.” But corporate…
Politics
Vietnam Used to Be a Safe Haven for Trade. Now It Might Not Be.
During President Trump’s first U.S.-China trade war in 2018, American companies flocked to Vietnam to sidestep escalating tariffs, and the…
News
Chinese Factories Slow in Early Sign of Trade War’s Toll
President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs of…
Business
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
Business
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come…
Politics
Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and…
Politics
White House-Amazon Spat Culminates in Trump Calling Bezos ‘Very Nice’
President Trump’s 100th day in office started with what seemed to be a fresh and fast-escalating spat between the White House and Amazon.…
Politics
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343…
Politics
Trump to Sign Executive Order Walking Back Some Auto Tariffs
President Trump signed an executive order on Tuesday that will walk back some tariffs for carmakers, administration officials said,…
Politics
How Trump May Unintentionally Cut Carbon Emissions
President Trump has expressed little interest in fighting climate change. One of his key cabinet officials has even sought to evaluate…
News
New Data Provide a Pre-Tariff Snapshot of a Stable but Slowing Labor Market
The labor market remained sound in March, with job openings declining but layoffs remaining near record lows, while rates of new hiring…