For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.
Category: United States
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Trade Court Rules Trump’s 10% Global Tariff Is Illegal
A panel of federal judges blocked President Trump from imposing the tariff on most imports.
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Tell Us How High Gas Prices Have Affected Your Finances
With fuel costs soaring from the war with Iran, we want to hear how you’re feeling about the U.S. economy.
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U.S. Trade Deficit Grew in March
Both exports and imports rose after the Supreme Court struck down many of the president’s highest levies in February.
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Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down
Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
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Thermos Recalls 8.2 Million Jars and Bottles After Customers Are Injured
The company received reports that the stoppers on some of its products had “forcefully ejected,” striking customers and causing permanent vision loss in a few cases, safety regulators said.
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Spirit Airlines Prepares to Shut Down
The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky
A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Where in the World Is All That Gold Stored?
As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Loss of Emirates Further Weakens OPEC’s Influence
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.