The Trump administration said it would begin seizing Giant brand bicycles manufactured in Taiwan at the U.S. border, after an investigation found evidence of forced labor.
Category: International Trade and World Market
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Tariff Uncertainty Expected to Slow Global Economic Growth This Year
President Trump’s trade war is still playing out, and the full effect will be felt heading into next year, the latest projections show.
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Trump Pushes E.U. to Stop Buying Oil and Gas From Russia
The European Union has sharply reduced its dependence on Russian energy, but it still imports some supplies.
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U.S. Pledges Support for Argentina’s Economy and Javier Milei
Treasury Secretary Scott Bessent said “all options” are under consideration to help President Javier Milei.
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Miran Says Interest Rates Should Fall to 2.5 Percent This Year
Stephen Miran, who joined the central bank last week, said he believes rates should be around 2.5 percent, or about 2 percentage points lower than they are currently.
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Trump’s Tariffs Are Damaging America’s Biggest Foreign Source of Screws
Taiwan has long been the top provider of screws to the United States. But its factories are struggling to survive under tariffs on steel and aluminum.
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Trump’s Tariffs on Switzerland Prompt Identity Crisis for Swiss Army Knife
President Trump’s 39 percent tariff on Switzerland has forced some companies to consider whether they could produce in the United States while still retaining their Swiss identity.
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The Race Is on to Make Rare Earth Magnets Outside China
After Beijing exerted its power over the valuable magnets as leverage, other countries started to add production, but only incrementally. And China is far ahead.
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Top Bessent Aide, Daniel Katz, Expected to Be Tapped as No. 2 at I.M.F.
The appointment would come as the Trump administration has called for sweeping reforms at the global economic institution.
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G.O.P. Again Cedes Power on Tariffs to Avoid Crossing Trump
House Republicans extended a maneuver they engineered earlier in the year that effectively strips Congress of the power to disapprove of President Trump’s tariffs.
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Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.