Treasury Secretary Scott Bessent said China’s dominance of rare earths calls for a more assertive American industrial policy.
Category: United States Politics and Government
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America Is Heavily Reliant on China for Raw Materials in Medicines
A new analysis found that nearly 700 drugs approved for use in the United States depend on chemicals solely produced in China.
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Is the Fed Too Confident About Inflation? Some Economists Think So.
The central bank confronts “no risk-free path” in balancing the risk of a sharp slowdown in the labor market and resurgent price pressures.
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Trump Rattles Vaccine Experts Over Aluminum
The president’s call for removal of the metal from childhood inoculations set off alarms. About half of shots for polio, whooping cough and other diseases would be affected.
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Unions to Ask Court to Block Trump Layoffs During Shutdown
Labor groups are set to square off against the Trump administration one day after the president renewed his threat to cut “Democrat programs.”
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Unions to Ask Court to Block Trump Layoffs During Shutdown
Labor groups are set to square off against the Trump administration one day after the president renewed his threat to cut “Democrat programs.”
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Powell Signals Fed Is on Track to Keep Cutting Rates
Jerome H. Powell, chair of the Federal Reserve, still sees labor market risks outweighing those posed by higher inflation tied to President Trump’s tariffs.
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Global Growth Remains Sluggish as Tariff Threats Loom
The International Monetary Fund said the impact of trade tensions had been limited so far, but it expects growth to slow.
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Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion
General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.
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Trump Enacts Tariffs on Imported Lumber and Furniture
The new taxes went into effect on Tuesday as President Trump also threatened to widen his trade war with China.
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Renewable Energy Is Booming Despite Trump’s Efforts to Slow It
With federal subsidies ending or becoming hard to claim, companies are racing ahead with solar, wind and battery projects.
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Trump Enacts Tariffs on Imported Lumber and Furniture
The new taxes went into effect on Tuesday as President Trump also threatened to widen his trade war with China.