Tag Archives: Donald J

The Trump administration has cut funding and staffing at the program that oversees the federal government’s premier report on how global warming is affecting the country, raising concerns among scientists that the assessment is now in jeopardy. Congress requires the federal government to produce the report, formally known as the National Climate Assessment, every four years. It analyzes the effects …

President Trump on Wednesday dramatically reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession, saying just hours after stiff levies went into effect on nearly 60 countries that he would pause them for 90 days. But the president did not back down on China and instead raised …

As new U.S. tariffs upended financial markets and sent foreign governments scrambling to respond, President Trump on Wednesday morning remained ebullient, posting at one point on Truth Social: “BE COOL!” “Everything is going to work out well,” he maintained amid the unfurling chaos. “The USA will be bigger and better than ever before!” For Mr. Trump, the reassurances offered a …

Delta Air Lines on Wednesday became one of the largest American companies to warn that President Trump’s escalating trade war was weighing on its business and the global economy. Delta’s chief executive, Ed Bastian, said a recession was possible as companies pulled back spending. “Everyone’s being prepared for uncertainty,” he told CNBC, “if that continues, and we don’t get resolution …

Beijing on Wednesday aimed the latest blow in the escalating trade war between the United States and Washington, with plans to raise new tariffs on all American imports by 84 percent within hours. China’s Ministry of Finance announced that it would match a 50 percent tariff on all imports from China that President Trump announced on Tuesday with its own …

President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Wednesday was close to tumbling into bear market territory. Mr. Trump has seemed unmoved by the decline, signaling that he has no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in revenue and that other countries …

The parallels between President Trump and Liz Truss, Britain’s shortest-serving prime minister, are growing starker. Ms. Truss triggered market turmoil in 2022 after she proposed sweeping tax cuts that she proposed to pay for with massive government borrowing. Ms. Truss was ultimately doomed by fears of a credit crisis after yields on British government bonds spiked. Now, yields on U.S. …

The Chinese government on Wednesday issued a lengthy denunciation of American trade policies, accusing the United States of years of protectionism and of violating the trade agreement the two sides had negotiated late in President Trump’s first term. The document was issued by Beijing’s cabinet information office several hours after Mr. Trump raised to 104 percent the extra tariffs on …

The European Union plans to vote on Wednesday afternoon on its first retaliation measures in response to President Trump’s tariffs, moving closer to placing increased duties on a range of manufactured goods and farm products that would take effect in phases starting next week. The list up for consideration is a slightly trimmed down version of one that was announced …

Hard hats are back. So is “beautiful, clean” coal. President Trump signed four executive orders on Tuesday to try to bolster the country’s declining coal industry, including the lifting of restrictions on mining and burning of the dirtiest fossil fuel. In addition to waiving air pollution limits and other regulations on coal imposed by the Biden administration, Mr. Trump directed …