The travel industry doesn’t know what to expect from whipsawing U.S. policies. But concerns are hitting the bottom line, which could mean higher prices, and more confusion, for tourists.
Category: United States Politics and Government
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Trump’s Tariff Reversal Calms Some G.O.P. Nerves, but Questions Linger
Most Republicans welcomed the unexpected three-month pause on several of President Trump’s tariffs, but some want more clarity about the president’s end game and more power for Congress over trade.
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Trump’s Encouragement of Stock Investors Draws Scrutiny
Was the president manipulating the market with his comments, as his critics say, or reassuring Americans, as the White House maintains?
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House Strikes Down $5 Overdraft Fee Limit, Sending Issue to Trump
Lawmakers also struck down a rule giving the Consumer Financial Protection Bureau supervisory power over tech companies’ payments apps.
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Top Pro Bono Leader Resigns from Paul Weiss, a Firm Hit in Trump’s Crackdown on Big Law
Steven Banks, a former head of New York’s social services department, said he wanted to return to defending the rights of the homeless. But he leaves within weeks of the elite firm striking a deal with President Trump.
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Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
The president also further raised already steep tariffs on China, saying that Beijing should not have retaliated against his earlier trade actions.
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Delta Warns Trump’s Trade War Could Lead to a Recession
Delta is one of the largest U.S. companies to warn that the escalating trade war is weighing on its business and the global economy.
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Bond Sell Off Raises Questions About U.S. Safe Haven Status
As the fallout from President Trump’s global trade war spreads, investors are even fleeing U.S. Treasuries.
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Oil Prices Tumble as China-U.S. Tariffs Weaken Economic Confidence
The slide in crude prices signals deteriorating confidence in the strength of the economy.
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China Hits Back Again at Trump, Bringing New Tariffs on U.S. Goods to 84%
Beijing announced a new round of 50 percent tariffs in response to President Trump’s latest levies as the trade conflict between the superpowers escalates.
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U.S. Bond Sell-Off is Another Worrisome Echo of the Liz Truss Fiasco
Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister’s downfall.