Factory-led economies are panicking about the steep new tariffs. Not the Philippines, which believes its role as a manufacturing alternative to China can expand.
Category: Trump, Donald J
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Trump’s Tariff Goal Is to Eliminate Trade Deficits. Economists Have Doubts.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
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Jenner & Block, Law Firm Targeted by Trump, Files for Permanent Relief
The firm called the president’s executive order against it “a plain violation of the First Amendment.” WilmerHale is expected to file its own action opposing the administration.
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Panama Official Accuses Hong Kong Port Operator of Misconduct
The controller general of Panama said CK Hutchison, a Hong Kong conglomerate, did not properly renew its license to operate two ports that are part of a $19 billion deal involving BlackRock.
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Supreme Court Pauses Ruling Requiring Rehiring of 16,000 Probationary Workers
A federal judge in California had ordered the Trump administration to rehire government employees fired as part of its efforts to slash the federal work force.
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Elon Musk Calls Peter Navarro a ‘Moron’ in Escalating Tariff Fight
The feud between two of President Trump’s top advisers is playing out as the administration’s new tariffs have caused huge losses across global financial markets.
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Trump’s Tariffs Are Already Reducing Car Imports and Idling Factories
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
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Trump Officials Point to Outreach on Tariffs in a Bid to Calm Markets
Jamieson Greer, the United States trade representative, will tell senators the U.S. is economy is in need of “drastic, overdue change.”
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I.R.S. Audits Are at a Record Low. Trump’s Cuts Could Make Them Even Rarer.
The Biden plan to increase tax revenue through more enforcement is being reversed.
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Wall Street Bursts With Anger Over Tariff ‘Stupidity’
Billionaire investors are in an unfamiliar position, watching and cringing as tariffs roll on and the stock market reels.