Goods shipped from the country face a 39% tariff in the U.S., which companies warn will have dire consequences if President Trump cannot be quickly dissuaded.
Category: Politics and Government
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As Britain Lowers Its Voting Age, Some American Teens Fight for the Same in the U.S.
After Britain announced plans to lower the voting age, some American teenagers wondered: When will it be their turn?
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Weak Jobs Report Raises Chances of a September Interest Rate Cut
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.
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The Changing Politics of Masks
Accountability and privacy are on a collision course that raises the stakes for the role of face-covering in modern life.
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Trump Urges the U.K. to Drill More Oil, Criticizing Its Energy Policy
President Trump said the North Sea was a “treasure chest,” but its high taxes were driving away oil producers.
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What Did Trump’s Hard-Hat Tour of the Fed Accomplish?
The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to the central bank’s headquarters, but Mr. Powell was having none of it.
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Why Is the Fed Renovation So Expensive? Staff Cite Tariffs and Inflation.
A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.
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Investment Fund Seals Trade Deal for Japan and Expands Trump’s Influence
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.
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Energy Dept. Cancels Loan Commitment for Grain Belt Express
The project, known as Grain Belt Express, had drawn fierce opposition from some landowners and Republican lawmakers.
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White House Pushes to Block Government Accountability Office Inquiries Into Its Cuts
Republicans are seeking to undermine the Government Accountability Office as it investigates, and considers suing, over the Trump administration’s withholding federal funds.
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China’s Problem With Competition: There’s Too Much of It
The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral.