Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
Tag: United States Economy
National Climate Assessment Authors Are Dismissed by Trump Administration
The Trump administration told researchers it was “releasing” them from their roles. It puts the future of the assessment, which is required by Congress, in doubt.
Trump Team Races to Form Trade Deals After Tariffs Sow Global Chaos
The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
Global Growth Expected to Sputter Amid Trade War Fallout Fears
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
IMF Expects Trump’s Tariffs Will Slow Global Economic Growth
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
Europeans Show Less Stock Market Panic as Tariffs Cause Turmoil
Europeans tend to keep more of their money in cash, gaining some protection from the recent market volatility. But President Trump’s tariffs will have an effect, experts said.
When Elected Leaders Pursue Risky Policies, What Can Stop Them?
President Trump issued a partial, temporary reprieve on tariffs that had sent the stock market tumbling. He did so only after U.S. government bonds showed signs of distress.
Bond Market is Upended by Trump’s Tariffs
In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.
In U.S.- China Tariffs Standoff, Trump Showed Xi He Has Limits
Xi Jinping, who rules with absolute authority, has shown he is willing to let the Chinese people endure hardship. President Trump revealed he has limits.