Large importers, including retailers and manufacturers, paused imports from China this month amid an escalating trade war. Ports are now poised to feel the fallout.
Category: Trump, Donald J
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White House-Amazon Spat Culminates in Trump Calling Bezos ‘Very Nice’
The White House press secretary, Karoline Leavitt, attacked the retail giant over a report that suggested Amazon would highlight tariff-related price increases. Amazon said it was “not going to happen.”
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Federal Watchdog Reveals Dozens of Inquiries Into Trump’s Withholding of Funds
The investigations by the Government Accountability Office come as the White House looks to expand its power over the federal budget.
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New Data Provide a Pre-Tariff Snapshot of a Stable but Slowing Labor Market
But the effects of the levies, which have created uncertainty for businesses, have not yet been fully felt.
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Are Shein and Temu Prices Going Up? What to Know as Trump Ends De Minimis Tariff Loophole
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules.
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Corporation for Public Broadcasting Sues White House to Block Board Firings
The media organization said that the White House emailed three of the company’s five directors on Monday, telling them that their positions had been terminated.
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Retailers Fear Toy Shortages at Christmas as Tariffs Freeze Supply Chain
Toy makers and stores are freezing holiday orders, predicting shortages and higher prices. Some are consulting bankruptcy lawyers, fearing their firms won’t survive.
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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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Trump’s 100-Day Economic Report Card
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
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Student Debt Collections Restart on May 5. Here’s What to Know.
More than five million borrowers are in default, and millions of others are projected to be on the precipice.
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Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm
World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.