President Trump announced that he had secured a deal with the country that will leave a 19 percent tariff in place, though no details were immediately available.
Category: United States Economy
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White House Keeps Pressure on Powell Over Rate Cuts and Renovations
President Trump and his top aides have criticized Jerome H. Powell, the Fed chair, for his management of both the economy and a $2.5 billion revamp of the central bank’s headquarters.
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Trump’s Withering Criticism of Powell Puts Fed Decisions Under Microscope
The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.
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Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
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Despite Dire Warnings, the Economy Is Holding Up. Can That Last?
Economists say it will take time for the effects of trade policies to show up in economic data — but acknowledge they aren’t sure how long.
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Rising Inflation Underscores Risks in Trump’s New Tariff Threats
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
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U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices
The Consumer Price Index rose 2.7 percent from a year ago, as the global trade war started to bite.
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For Big Banks, the Trump Era Is Proving Profitable Thus Far
JPMorgan’s Jamie Dimon lauded the “resilient” U.S. economy as his bank reported bumper quarterly earnings.
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The Economy Has Been Resilient. The New Round of Tariffs May Hit Harder.
The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared.
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Bluffs and Bluster Aside, Trump’s Tariffs Are Here to Stay
The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade.
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Factories Were Pushed Out of Cities. Their Return Could Revive Downtowns.
Changes in zoning rules have allowed small manufacturers to return to the districts and neighborhoods they began leaving a century ago.
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Trump Cites Flow of Fentanyl to Justify New Tariffs on Mexico
The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.