Britain has watched President Trump’s tariffs with a mix of shock, fascination and queasy recognition. The country, after all, embarked on a similar experiment in economic isolationism when it voted to leave the European Union in 2016. Nearly nine years after the Brexit referendum, it is still reckoning with the costs. The lessons of that … Read more
In May 2017, just a few months into the first Trump administration, I wrote a column arguing that his incapacity was so obvious and destructive that he should be removed from office via the 25th Amendment to the Constitution. This was a popular column, but its argument did not hold up well. Trump’s first-term White … Read more
President Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked on Wednesday afternoon in the face of financial turmoil, particularly a rapid rise in government bond yields that could shake the dominant position of … Read more
Donald Trump is undergoing his annual physical on Friday, potentially giving the public its first details in years about the health of a man who in January became the oldest in US history to be sworn in as president. “I have never felt better, but nevertheless, these things must be done!” Trump, 78, posted on … Read more
President Donald Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked Wednesday afternoon in the face of financial turmoil — particularly, a rapid rise in government bond yields that could shake the dominant position … Read more
When Congress voted to normalize trade relations with China at the beginning of this century, U.S. manufacturers braced for a stream of cheap goods to begin flowing into U.S. ports. Instead, they got a flood. Imports from China nearly tripled from 1999 to 2005, and American factories, with their higher wages and stricter safety standards, … Read more
On the open 15th floor of a loft building in Midtown Manhattan, about a dozen skilled workers make their way through piles of pants, stitching each piece together with focus and precision. Some of the items are designed by Outlier, a fashion brand that produces its smaller runs and experimental products with the garment district’s … Read more
A dizzying escalation of tariffs has unraveled a trade relationship between the United States and China forged over decades, jeopardizing the fate of two superpowers and threatening to drag down the world economy. The brinkmanship displayed by the two countries has already far exceeded the battles they waged during President Donald Trump‘s first term. In … Read more
In a major development, US President Donald Trump announced on April 9 a 90-day ‘pause’ on reciprocal tariffs for all but China. “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. … Read more
The global economy appeared to be in open rebellion against President Donald Trump‘s tariffs as they took effect Wednesday. Business executives are warning of a potential recession caused by his policies, some of the top US trading partners are retaliating with their own import taxes and the stock market is quivering after days of decline. … Read more