Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
Category: International Trade and World Market
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U.S. Gas Industry Pushes Back on Trump Shipbuilding Rules
The main oil and gas trade group wants the Trump administration to reconsider maritime rules released in April that would require it to use some U.S. ships to transport liquefied natural gas.
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
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Adidas Warns Sneakers Will Cost More in the U.S. as Trump’s Tariffs Take Effect
The chief of the German sportswear giant said that unpredictability surrounding the tariffs prevented the company from issuing a full-year forecast, but he predicted a price increase for American consumers.
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G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
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Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
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Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business
Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.
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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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Canada Election: It’ll Be Carney or Poilievre Against Trump’s Tariffs
The two leading candidates, Pierre Poilievre and Mark Carney, both plan to fight the U.S., its largest trading partner, over tariffs. But who would be more successful as relations grow icy?
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U.S. Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?
European officials see the concern over the “safe haven” reputation of U.S. financial assets as a chance to attract investors.
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How Labubus Turned Into a Global Sensation
Online and in person, people are clamoring to get their hands on Labubus, which are dolls that are “well-intentioned” but somewhat mischievous.