When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products began disappearing from U.S. store shelves and American firms that depend on foreign materials were going out of business. A similar trend is beginning to play out, but this time the catalyst is President Trump’s decision to …
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How Trump May Unintentionally Cut Carbon Emissions
President Trump has expressed little interest in fighting climate change. One of his key cabinet officials has even sought to evaluate whether humanity benefits from a warming climate, in a bid to undermine environmental rules. Yet even as he works to accelerate oil and gas production, Mr. Trump’s economic approach may inadvertently reduce greenhouse gas emissions, as consumption slows in …
Read More »As Tariffs Hit, Americans Are Racing to Buy Car Seats, iPhones and Christmas Gifts
Emily Moen, a coffee shop manager in Omaha, was scrolling through TikTok earlier this week when she came across a video informing her that President Trump’s tariffs could lead to higher prices for essential baby products. Ms. Moen, who is 15 weeks pregnant, said that she had not planned to buy a car seat soon. But after watching the video, …
Read More »Fed Under Pressure as Inflation Expectations Surge
Federal Reserve officials have had one clear message since President Trump sharply escalated the global trade war this month. Keeping inflation expectations in check as price pressures rise is their No. 1 priority. On Friday, they faced a big setback. A new survey released by the University of Michigan found that as consumer sentiment took another nosedive because of fears …
Read More »Walmart Says Trump’s Tariffs Have Added Uncertainty to Its Outlook
The timing was a bit awkward. Walmart’s investor event — which happens every two years and aims to showcase the company’s strengths and strategy for growth — also happened to fall on the same day that U.S.-imposed tariffs went into effect worldwide and a trade war heated up. As the largest retailer in the United States, Walmart relies on suppliers …
Read More »Stock Market Chaos Over Tariffs Could Take Toll on Economy
This time, maybe the stock market is the economy. Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week, and it swung wildly on Monday amid news of further tariffs and rumors of delays. Stock …
Read More »Trump’s Tariff Agenda Bets on Americans Giving Up Cheap Goods
President Trump’s sweeping tariffs are expected to raise the cost of cars, electronics, metals, lumber, pharmaceuticals and other products that American consumers and businesses buy from overseas. But Mr. Trump and his advisers are betting that it can sell an inflation-weary public on a provocative idea: Cheap stuff is not the American dream. “I couldn’t care less if they raise …
Read More »Trump Trade Policies and Federal Cuts Shake Consumer Confidence
Americans are increasingly anxious about their jobs and finances as the Trump administration’s trade policies and government cutbacks stoke concern about the economy. Consumer confidence tumbled this month to its lowest level since January 2021, the Conference Board reported on Tuesday, extending a decline that has been underway since shortly after President Trump was elected last fall. The short-term outlook …
Read More »When It Comes to Tariffs, Trump Can’t Have It All
President Trump has issued an unremitting stream of tariff threats in his first month in office, accompanied by nearly as many reasons for why they should go into effect. Tariffs on Canada, Mexico and China are a cudgel to force those countries, America’s largest trading partners, to crack down on the flow of drugs and migrants into the United States. …
Read More »Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect
Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, does not suggest that price …
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