President Trump came into office sounding as if he were eager to deal with President Xi Jinping of China on the range of issues dividing the world’s two biggest superpowers. He and his aides signaled that they wanted to resolve trade disputes and lower the temperature on Taiwan, curb fentanyl production and get to a deal on TikTok. Perhaps, over …
Read More »Tag Archives: Donald J
Trump Signals Semiconductor Tariffs Are Coming ‘Very Soon’
President Trump is expected to announce further tariffs this week, probably including levies on semiconductors, as he moves forward with a trade investigation related to national security. The move would raise the cost of importing chips, which are a vital component in electronics, cars, toys and other goods. The United States is heavily dependent on semiconductors from Taiwan and elsewhere …
Read More »DOGE Cuts Hobble Office That Would Aid NASA and SpaceX Mars Landings
An office in an obscure corner of the federal government that NASA has relied on to safely land astronauts on the moon and robotic probes on Mars is facing pressure to cut its tight-knit team of experts by at least 20 percent, according to two people familiar with the mandate. The thinning of the staff has already started at the …
Read More »Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The traditional gathering of former Treasury secretaries to welcome a newly minted one into the fold is usually a lighthearted and pleasant affair. But when the group convened this month, on President Trump’s “Liberation Day,” the tone was strikingly serious. The dinner, organized by former Treasury Secretary Steven T. Mnuchin, took place at a moment of tumult for the U.S. …
Read More »RFK Jr. Accuses FDA of Drug Industry Influence That Barred Alternative Remedies
In a speech broadcast to the Food and Drug Administration’s Maryland campus on Friday morning, Robert F. Kennedy Jr. introduced himself as the nation’s health secretary with a meandering speech touching on everything from birds of prey to pollution in Lake Erie to the C.I.A. Mr. Kennedy told the agency staff members, in the throes of losing 20 percent of …
Read More »Investors Seeking Safety Look to German Government Bonds
Germany has long taken flack from Wall Street and financial capitals around Europe for the extreme fiscal conservatism that has kept the country’s debt levels low. But as global markets convulsed this week, investors rewarded Germany’s caution by snapping up its government bonds, which are known as bunds. Investors have reeled after President Trump imposed 10 percent tariffs on nearly …
Read More »‘This is Not Normal’: Trump’s Tariffs Upend the Bond Market
The bedrock of the financial system trembled on Friday, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the full faith of the American …
Read More »White House Plan Calls for NOAA Research Programs to Be Dismantled
Trump administration officials are recommending the elimination of the scientific research division at the National Oceanic and Atmospheric Administration, according to internal documents obtained by The New York Times and several people with knowledge of the situation. The proposal from the Office of Management and Budget would abolish the Oceanic and Atmospheric Research office at NOAA, one of the world’s …
Read More »What to Know About Who Pays the Higher Costs of Trump’s Tariffs
President Trump’s latest tariffs are about to become an unavoidable and expensive reality for American businesses and for people who rely on foreign goods. Shoppers buying clothes from retailers in China might soon pay more than twice as much, now that a special exemption for lower value imports is disappearing. And companies involved in international trade must now make even …
Read More »Trump’s New Way to Kill Regulations: Because I Say So
President Trump this week directed 10 federal agencies — including the Environmental Protection Agency, the Energy Department and the Nuclear Regulatory Commission — to implement a novel procedure to scrap a wide array of longstanding energy and environmental regulations. He told agencies that oversee everything from gas pipelines to power plants to insert “sunset” provisions that would cause regulations to …
Read More »