Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.
Category: United States Economy
-
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Large importers, including retailers and manufacturers, paused imports from China this month amid an escalating trade war. Ports are now poised to feel the fallout.
-
Trump to Sign Executive Order Walking Back Some Auto Tariffs
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
-
New Data Provide a Pre-Tariff Snapshot of a Stable but Slowing Labor Market
But the effects of the levies, which have created uncertainty for businesses, have not yet been fully felt.
-
How Trump May Unintentionally Cut Carbon Emissions
Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
-
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
-
Trump’s 100-Day Economic Report Card
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
-
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
-
Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
-
Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business
Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.
-
Trump Budget to Take Ax to ‘Radical’ Safety Net Programs
A draft document outlines steep cuts or the elimination of funding for programs that provide child care, housing assistance, foreign aid and health research.
-
Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending
PepsiCo’s earnings call pointed to anxious consumers as to why sales had slowed, echoing comments made by Chipotle and Procter & Gamble.