In a dispute over vapes, the president sided with tobacco companies that filled his groups’ coffers over his own F.D.A. commissioner, who resigned in protest.
Category: Trump, Donald J
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Tariff Refunds Begin to Reach Businesses as Trump Lashes Out at Court
The New York Times – Business:The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case.
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Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer
The New York Times – Business:Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed.
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What You Need to Know About the Federal Gas Tax
The New York Times – Business:President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.
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Here’s How Trump’s Trade War on China Ended Up in a Stalemate
The New York Times – Business:As President Trump prepares to meet with Xi Jinping, a trade war that once threatened to freeze commerce between the two countries has given way to an uneasy truce.
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Justice Dept. Officials Consider Settling Trump Suit Against I.R.S.
The New York Times – Business:One of the settlement terms under review is for the I.R.S. to drop any audits of the president, his family members and businesses.
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F.D.A. Commissioner Marty Makary Resigns After Weeks of Pressure
The New York Times – Business:The agency’s top food official will step in as acting commissioner, after Dr. Makary’s tumultuous run as the nation’s top food, drug, tobacco and medical device regulator.
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Oil Prices Rise on U.S.-Iran Standoff
The New York Times – Business:President Trump has declared the American cease-fire with Iran is on “life support,” and investors are taking a cautious approach as the lack of progress in peace talks weighs on the markets.
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Chinese A.I. Firms Push Beyond Nvidia as DeepSeek Turns to Huawei
The New York Times – Business:Before this week’s U.S.-Chinese summit, Beijing reached a milestone in its quest for technological self-sufficiency.
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Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’
The New York Times – Business:President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.