The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
Category: China
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Why Trump’s Economic Disruption Will Be Hard to Reverse
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
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Dollar Doubts Dominate Gathering of Global Economic Leaders
Participants at the I.M.F and World Bank meetings this week reckoned with the prospect that the U.S. safe haven could lose its luster.
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How Tariffs Could Make Americans’ Hobbies More Expensive
As tariffs threaten the cost of synth knobs, wine corks, specialty butters and trading card sleeves, the stuff that makes American life fun may become out of reach.
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Uncertainty Over Trump’s Tariffs Paralyzes U.S. Businesses
The Times heard from hundreds of American companies, most of them small businesses, that face a reckoning because of President Trump’s steep import taxes.
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China Is Weighing Tariff Exemptions on Some U.S. Imports
An American business group said that Chinese officials had been surveying companies about American products that are crucial to their supply chains.
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Will Cars, Phones and Other Goods Be Too Big to Tariff?
Washington and Beijing increasingly look likely to de-escalate their trade war. But the economic damage and ongoing uncertainty may persist for a while.
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Markets Rise on Hints of Easing Trade Tensions
Stocks were pointing toward a fourth straight positive trading session.
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Stocks Stall as China Calls Reports of U.S. Tariff Talks ‘Baseless’
Markets moderated after Chinese officials pushed back on comments from President Trump and others suggesting that tariffs may ease via negotiations.
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Has Trump’s Tariff Fight Passed Its Peak?
Many investors and business leaders increasingly believe President Trump will dial back his trade battles. Not everyone is willing to commit to that bet.
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Markets Fade as China Calls Reports of U.S. Tariff Talks ‘Baseless’
Stocks pulled back from recent gains fueled by comments from President Trump and others suggesting that they might ease steep tariffs.