President-elect Donald J. Trump threatened to impose tariffs on countries that seek to replace the dollar in trade or undermine its global reserve currency status.
Category: United States Economy
-
Musk, Trump, A.I. and Other DealBook Summit Highlights
The economy, inflation, tariffs, the future of media, pardon politics and other big topics that made headlines this year.
-
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.
-
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
-
Ken Griffin, Top Republican Donor, Says He Voted for Trump
Mr. Griffin, who had previously derided Donald J. Trump as a “three-time loser,” said he voted for the president-elect.
-
Black Friday and Cyber Monday Shopping Exceeds Industry Estimates
An estimated 197 million people shopped from Black Friday to Cyber Monday, the National Retail Federation said, fewer than last year but surpassing the group’s expectations.
-
World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.
-
Holiday Shopping Season Separates Winning Retailers From Losers
Consumers are seeking deals and being choosier about their spending in the crucial final weeks of the year, executives say.
-
PCE, a Key Inflation Measure, Sped Up in October
Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump’s tariffs loom as a potential risk.
-
Inflation concerns loom as Trumponomics revs up
Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.
-
Trump Taps Kevin Hassett to Lead National Economic Council
Mr. Hassett defended Donald Trump’s tax cuts and trade policies in his first administration but has also acknowledged that tariffs can weaken economic growth.
-
Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.