President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
Category: United States Economy
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Trump Team Races to Form Trade Deals After Tariffs Sow Global Chaos
The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
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Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
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Bessent Accuses IMF and World Bank of ”Mission Creep”
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
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Trump Says He Won’t Fire Powell. His Fed Battle May Not Be Over Yet.
The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.
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Trump Says He Won’t Fire Powell. His Fed Battle May Not Be Over Yet.
The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.
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Treasury Secretary Bessent Talks China Trade War De-Escalation and Tax Cuts
Scott Bessent told a group of investors that he expected trade tensions with China to de-escalate.
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IMF Expects Trump’s Tariffs Will Slow Global Economic Growth
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
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Global Economic Leaders Gathering in U.S. Confront Trump’s New World Order
The I.M.F. and World Bank are holding their spring meetings as President Trump’s trade war upends the global economy.
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Chobani Plans to Invest Over $1 Billion in New N.Y. Factory
The company, which has branched out from Greek-style yogurt, will invest more than $1 billion in the plant in the town of Rome.
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Education Department Will Resume Collections on Student Loan Debt
In an announcement this week, the department warned that millions of borrowers could be referred to debt collectors and see deductions from their paychecks.
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Millions of Student Loan Borrowers Are Behind on Payments
They’re seeing their credit scores drop, which will make it more difficult to buy a car or rent a home. And that has implications for the already slowing economy.