The lopsided vote to approve the measure was a rare bit of election-year bipartisanship on a major affordability issue, but G.O.P. disputes and President Trump’s disinterest have left its fate uncertain.
Category: Trump, Donald J
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Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
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War With Iran Puts Further Strain on America’s Pessimistic Farmers
Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season.
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Trump Administration Suggests Tariff Refunds May Take Significant Time
The government must update a federal court on Thursday about its timeline for returning roughly $166 billion in illegal duties.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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Trump Administration to Announce New Trade Investigations
The investigations into unfair trade practices will likely lead to tariffs on foreign countries, as the administration works to replace the import taxes struck down by the Supreme Court.
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Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
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A Trump-Xi Summit Nears, but China Doesn’t Know What Trump Wants
Trump’s agenda for the high-stakes meeting remains unclear to Beijing, Chinese analysts say, while American executives say they haven’t been invited along.
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Since February, rising gas prices have added to inflation.
Gas prices don’t move in lock step with crude, usually trailing increases or drops by a few days.
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Trump Directs Iran War Keeping Markets Top of Mind
President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
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U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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How Trump and His Advisers Miscalculated Iran’s Response to War
In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.