Elon Musk, Tesla’s chief executive, said on Tuesday that he would spend less time in Washington working for President Trump after the automaker reported a profit drop of 71 percent in the first three months of the year. Mr. Musk…
President Trump’s tariffs have been good for China’s economic growth. At least they were over the first three months of the year, as the country’s factories raced to ship exports ahead of the trade restrictions. China’s National Bureau of Statistics…
After more than a week of ratcheting up tariffs on products imported from China, the Trump administration issued a rule late Friday that spared smartphones, computers, semiconductors and other electronics from some of the fees, in a significant break for…
The escalating trade war between the United States and China has created deep uncertainty for U.S. companies that rely on Chinese suppliers. Retaliations in recent days by the two countries have resulted in huge average tax rates on their each…
President Trump’s 25 percent tariffs on imported vehicles, which went into effect last week, are already sending tremors through the auto industry, prompting companies to stop shipping cars to the United States, shut down factories in Canada and Mexico and…
Financial markets were hit hard by another wave of selling at the start of trading in Asia on Monday, with investors and economists grappling with rising odds of a severe economic downturn caused by President Trump’s significant new tariffs on…
There was little rest on Wall Street this weekend. There was plenty of anger, anxiety, frustration, and fear. Anger at President Trump for a brash and chaotic rollout of tariffs that erased trillions of dollars in value from the stock…
Women in blue cloth hairnets sew the finishing touches on plush pink piggies and orange stuffed foxes, before tossing them onto giant piles in Maria Liao’s factory in southern China. They will be boxed and shipped to the United States,…
The S&P 500 ended March with its steepest monthly decline in more than two years, driven by uncertainty about the scope of President Trump’s tariffs, which investors fear could accelerate inflation, slow consumer spending and stall the U.S. economy. After…
President Trump said on Wednesday that he would impose a 25 percent tariff on cars and car parts that were imported into the United States, a move that is likely to raise prices for American consumers and throw supply chains…