Once a cog in the Malaysian economy, the solar industry profited from Chinese investment. Now it’s becoming a case study of what happens when the United States closes its markets.
Category: Trump, Donald J
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Trump Fired America’s Economic Data Collector. History Shows the Perils.
Economists say unbiased data is essential for policymaking, and for democracy.
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Trade Fueled Inequality. Can Trump’s Tariffs Reduce It?
The president has pitched his trade policies at workers who feel left behind by globalization. But that doesn’t mean trade barriers will revive factories and close income gaps.
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India Will Buy Russian Oil Despite Trump’s Threats, Officials Say
President Trump said last week that he would punish India if it did not cut off Russian oil imports, but he did not specify what the penalty might be.
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A Fed governor plans to resign, giving Trump an opportunity to shape central bank.
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to step down.
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Ahead of Trade Deadline, Firms Rushed Goods Out of Duty-Free Warehouses
By keeping inventory in bonded warehouses or foreign trade zones, importers were able to hedge the tariff rate they ultimately paid.
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Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Moves to Fire Labor Official
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
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Stock Market Posts Worst Week in Months on Renewed Economic Fears
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar and more.
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Trump Turns to Untested Tariffs to Reorder Global Trade
President Trump has long wanted to rework world trade. The tariffs set to go into effect next week will carry out that plan.
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Federal Government Shed 12,000 Jobs in July
The U.S. government has lost 84,000 jobs since January as the Trump administration aggressively reduces the work force.
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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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Stocks Drop as Trump’s New Tariffs Weigh on Markets
President Trump’s newest barrage of tariffs, major corporate earnings reports and an imminent reading on the U.S. labor market weighed on markets.