Tag Archives: Donald J

Behind President Trump’s decision to hit some of America’s largest trading partners with stiff tariffs is his fixation on the trade deficit that the United States runs with other nations. But many economists say that is a poor metric for judging the quality of a trade relationship. The steep tariffs, which went into effect on nearly 60 trading partners on …

Elon Musk slammed President Trump’s top trade adviser as “dumber than a sack of bricks” on Tuesday, exposing a remarkable rift in the president’s inner circle over the wide-ranging tariffs that have upended the global economy. The feud between Mr. Musk and Peter Navarro, who has been the architect of many of Mr. Trump’s trade plans, has been simmering for …

President Trump’s top trade official defended the administration’s aggressive tariff moves on Tuesday, arguing before a Senate committee that the U.S. economy is facing “a moment of drastic, overdue change” after decades of factories moving overseas and hurting the American working class. The remarks by Jamieson Greer, the United States trade representative, came as the Trump administration faced blowback from …

President Trump plans to sign an executive order Tuesday aimed at expanding the mining and use of coal in the United States, in an effort to revive the struggling industry. The order will direct federal agencies to remove barriers to coal leasing and mining, loosen environmental reviews of coal projects and explore whether coal-fired electricity could help power new A.I. …

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 …

Peter Navarro, a senior White House trade adviser, on Monday defended the sweeping tariffs President Trump has imposed on foreign nations and indicated that other countries’ offers to drop their own tariffs on American products would be insufficient to convince the president to retreat. Mr. Navarro, who has been the architect of many of President Trump’s trade plans, said on …

President Trump on Monday issued a new ultimatum to China: Rescind its retaliatory tariffs, or face a 104 percent tax on its exports to the United States starting later this week. The president’s threat risked another major escalation in what has already become a costly and damaging global trade war, one that has roiled financial markets as countries around the …

U.S. markets swung wildly this morning on an unsubstantiated report that President Trump was considering a 90-day pause to his expansive tariffs. The White House has not announced any policy change, and later called the report “FAKE NEWS” on one of its official accounts on X. It was not clear where the report originated. Asked earlier in the day about …

President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Monday entered bear market territory for the first time since 2022. Mr. Trump has seemed unmoved by the decline. He signaled on Monday that he had no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in …

U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic fallout from President Trump’s latest round of tariffs reverberated around the world. Crude oil now costs around 15 percent less than it did last Wednesday, just before Mr. Trump revealed his plans to impose stiff …