President Trump escalated his trade war with the European Union on Thursday, threatening 200 percent tariffs on European wine and champagne that deepened anxiety among businesses and consumers on both sides of the Atlantic. Mr. Trump’s announcement, in which he called the European Union “hostile and abusive,” came a day after the bloc’s leaders unveiled … Read more
President Trump is using tariffs to rewire the global economic order in a flurry of on-again, off-again maneuvers, arguing they will boost U.S. factories and generate revenue. But his strategy has already triggered retaliation from major trading partners, rattled markets and upended diplomatic ties. On Wednesday, the European Union announced up to $28 billion in … Read more
Stocks rose on Wednesday after a tumultuous few days of trading following President Trump’s decision to impose tariffs on some of the United States’ biggest trading partners and retaliatory measures by the European Union, China and Canada. Futures on the S&P 500, which allow investors to trade ahead of exchanges opening, were slightly higher. The … Read more
President Trump’s readiness to use coercive tariffs presents a profound threat to the postwar economic and political order, introducing an unpredictability to global commerce that makes it difficult for trade partners to know how to react — and next to impossible for businesses to plan. But he is not the only danger the world economy … Read more
President Trump announced sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers but hurt other American industries and ignited trade wars on multiple fronts. The president signed two official proclamations that would impose a 25 percent tariff on steel and aluminum from all … Read more
President Trump arrived in New Orleans on Sunday, the first sitting president to attend a Super Bowl, with the wind in his sails. He started the day on the course with the golf legend Tiger Woods (they’ve both been working on a merger between the PGA Tour and the Saudi-backed LIV Golf circuit). He issued … Read more
President Trump is moving forward with extensive tariffs on America’s closest trading partners. Beginning Tuesday, companies bringing products into the United States from Canada and Mexico will pay a 25 percent tariff; importers bringing products in from China will pay an additional 10 percent on top of existing levies. The president has insisted that these … Read more
Under threats from President Trump that included steep tariffs, President Gustavo Petro of Colombia has relented and will allow U.S. military planes to fly deportees into the country, after turning two transports back in response to what he called inhumane treatment. The two leaders had engaged in a war of words on Sunday after Colombia’s … Read more
President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies. Speaking at the White House, Mr. Trump said that the tariffs were in response to China’s role … Read more
For more than a year, U.S. Steel pursued an ambitious solution to its mounting challenges. Once a symbol of American industrial might, it had agreed to a takeover by Nippon Steel, a Japanese rival, in a bid to ward off obsolescence. Citing the need to finance a costly modernization of its mills, U.S. Steel warned … Read more