Traffic through the Suez Canal is down about 60 percent since 2023, even after Trump-ordered attacks on the Houthis and now a cease-fire.
Category: Trump, Donald J
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Kennedy Says ‘Charlatans’ Are No Reason to Block Unproven Stem Cell Treatments
The U.S. health secretary said people should have access to experimental therapies including unregulated stem cells. But some methods have resulted in blindness, tumors and other injuries.
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U.S. Trade Deficit Plummets in April
U.S. trade fell sharply as President Trump’s global tariffs began to weigh on imports.
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How Hard Will Musk Fight Republicans’ Budget Bill?
The tech mogul is urging followers to pressure lawmakers to “KILL THE BILL,” potentially undermining a key plank of President Trump’s domestic agenda.
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Biden’s I.R.S. Doubled Audits on the Wealthy, Data Shows
At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration.
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Trump Travel Order Bans People From 12 Countries From Entering U.S.
The travel ban revives an effort from President Trump’s first term that led to chaos and court battles.
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UK Gets Steel Tariff Exemption, but Europe Pays Double
Despite an exemption from 50 percent tariffs, Britain still has to pay a 25 percent duty because its trade deal with the United States has yet to be put in place.
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Republicans Try to Discredit Experts Warning About the Cost of Tax Cuts
President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.
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Republican Policy Bill Would Add $2.4 Trillion to Debt, Budget Office Says
The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of their bill to enact President Trump’s agenda.
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Trump Bemoans How ‘HARD’ It Is to Strike a China Deal
Even the president appears to be doubting his strategy to win over Beijing, as relations fray between the trading partners.
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Trump Doubles Steel and Aluminum Tariffs
The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren’t high enough to help the U.S. industry.