Your Pulse On America: Live And Unfiltered
China responded to President Trump’s tariffs on Friday, raising its own tariffs on American goods to 125 percent, from 84 percent. The announcement by China’s State Council came after Trump administration officials clarified on Thursday that China was now facing a minimum tariff rate of 145 percent on all exports to United States. China said…
After China unveiled steep retaliatory tariffs on American exports on Wednesday, Treasury Secretary Scott Bessent issued a sharp and somewhat surprising response: “So what?” The question underscored the Trump administration’s argument that America has the upper hand in a trade war with China given how reliant its economy is on exports to the United States….
Among those opposed to President Trump’s tariffs on imports from China: a legal group funded by some of the biggest names in conservative politics. Last week, a Florida business owner challenged the Trump administration’s moves in court, arguing that her company, Simplified, which makes notebooks and planners, was harmed by the dramatic trade war with…
The stock market resumed its slide on Thursday, as the White House clarified that Chinese imports would face a tariff of 145 percent, prompting renewed investor angst over an escalating trade war between the world’s two largest economies. The S&P 500 fell 3.5 percent, a day after recording its best gain since 2008. The drop…
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…
President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending tremors through the auto industry, prompting companies to stop shipping cars to the United States, shut down factories in Canada and Mexico and lay off workers in Michigan and other states. Jaguar Land Rover, based in Britain, said…
The tariff whiplash continued on Wednesday, with President Trump pausing “reciprocal” tariffs on most countries for 90 days while imposing still higher tariffs on China. The steep China tariffs could ripple through the U.S. economy: Many of the consumer electronics and much of the discounted clothing that Americans buy are shipped from China, and higher…
Inflation cooled sharply in March, a welcome development given the uncertainties surrounding President Trump’s global tariffs. The Consumer Price Index climbed 2.4 percent last month from a year earlier, a far slower pace than February’s 2.8 percent increase and less than economists had expected. Over the course of the month, prices fell 0.1 percent. A…
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 Trump’s first term. In 2018…
European Union officials had just approved retaliatory levies of 10 to 25 percent on about $23 billion of American imports when President Trump abruptly changed tack on Wednesday, announcing that he would hit pause on some of the tariffs he had placed on Europe and much of the rest of the world. Mr. Trump’s announcement…