A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.
Category: United States Economy
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Trump Says US Steel Will Become Partners With Nippon Steel
President Trump’s statement appeared to approve a deal linking the U.S. and Japanese steel makers that had been blocked on national security grounds.
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G7 Officials Gather Amid Headwinds From Trump’s Trade War
Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.
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Trump Berates Walmart and Mattel for Warning About Tariff Price Increases
The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.
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Trump Wants to Fulfill His ‘No Tax On Tips’ Promise. The Details Get Tricky.
The idea is politically popular, but the tax benefits may not go as far for low-income workers as many may think.
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The U.S. Under Trump: Alone in Its Climate Denial
The administration is not only allowing more greenhouse gases. It is undermining the nation’s ability to understand and respond to a hotter planet.
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Markets Head Lower in Wake of Concerns About U.S. Debt
A downgrade by Moody’s amplified some existing worries about the cost of President Trump’s policies and the health of the U.S. economy.
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Federal Reserve Plans to Cut 10% of Its Staff
In an internal memo to staff on Friday, Jerome H. Powell, the chair of the central bank, said the institution would offer a voluntary deferred resignation program.
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Trump’s Movie Tariffs Run the Risk of a Second, More Damaging, Trade War
Hollywood offers a service, and services are what really drive the U.S. economy. President Trump’s proposed tax could set off a second, and more damaging, trade war.