If confirmed, Stephen Miran, the current chair of the Council of Economic Advisers, would temporarily fill a position left vacant by Adriana Kugler, who is stepping down early.
Category: Trump, Donald J
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Trump Signs Executive Order Clamping Down on ‘Debanking’
Mostly right-leaning groups have complained of forced bank account closures. The evidence is spotty.
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Swiss Businesses Fear Being ‘Annihilated’ by One of the World’s Highest Tariffs
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.
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Trump’s Tariffs Could Raise Prices on Many Consumer Goods
The tariffs are driving up prices on everyday goods as businesses warn they can no longer absorb costs, leaving consumers to foot the bill.
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Effect of U.S. Tariffs on British Companies ‘Milder Than Feared,’ Central Bank Says
Britain’s economy is driven by domestic factors more than global ones right now, the governor of the Bank of England said on Thursday, when the central bank cut interest rates.
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After Donations, Trump Backed Medicare Funds for Pricey Bandages
The president posted talking points provided by one firm that donated millions, and his administration delayed a change that could have hurt the company and others like it.
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Markets Rise, Taking Steeper Tariffs in Stride
Major indexes in Asia and Europe posted gains and U.S. futures climbed in premarket trading.
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India Tariffs Could Make Spices Costlier, Trade Group Warns
Many cooking spices are imported from India, and the 50 percent tariffs on the country’s imports could drive costs higher.
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Trump’s Higher Tariffs Are Here. Now What?
The president’s trade war entered a new phase on Thursday with hefty levies on scores of countries taking effect, adding further uncertainty.
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Japan’s Auto Giants Are Expecting Pain Despite Trump Trade Deal
Toyota, Honda and Nissan forecast big hits to their profits despite a trade deal that cut auto levies to 15 percent. The reduced rate has yet to be implemented.
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China’s Exports Surged in July as Companies Raced to Beat Trump Tariffs
China is shipping more goods to Southeast Asia and other regions that often re-export them to the United States. China still sells three times as much to the United States as it buys.
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Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight.