Tag Archives: International Trade and World Market

President Trump is expected to announce on Thursday that the United States will strike a trade agreement with Britain, according to three people familiar with the plans. Mr. Trump teased a new trade agreement in a social media post on Wednesday night, though he did not specify which nation was part of the deal. “Big News Conference tomorrow morning at …

There has been a mantra spreading among weary corporate executives who are becoming resigned to President Trump’s tariffs while still hoping to avoid the worst of their effects: Ten percent is the new zero. The statement refers to the 10 percent tariff that Mr. Trump put in place on most U.S. imports one month ago. Such a significant increase in …

Amsterdam prospered as a banking center even as it declined as a center of manufacturing and commerce. By the late 18th century, Europe no longer wanted Dutch fabrics or Dutch fish, and it no longer needed Dutch ships. In 1783, a group of Dutch merchants sent a gift of salted herring to George Washington, requesting his endorsement and, presumably, seeking …

Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting about trade between the United States and China since President Trump raised tariffs on Chinese imports to triple-digit levels last month. Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, plan to meet with Chinese officials …

Ford Motor said on Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest and taxes, by about $1.5 billion. The company also dropped its forecast for the year, saying that predicting the future had become too hard. Ford is less affected by President Trump’s 25 percent tariffs on vehicles than other automakers because …

China, the world’s clean-energy juggernaut, faces a rival right next door. And one of its top customers, no less. India, a big buyer of Chinese solar panels and electric vehicle batteries, is using a raft of government incentives to make more green gear at home. It is driven not just by the need to satisfy the galloping energy demands of …

Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen as the initial, alarming sign of looming turmoil. A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic troubles, and sometimes political unrest, …

As trade tensions flared between the world’s largest economies, communication between the United States and China has been so shaky that the two superpowers cannot even agree on whether they are talking at all. At a White House economic briefing this week, Treasury Secretary Scott Bessent demurred multiple times when pressed about President Trump’s recent claim that President Xi Jinping …

General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said that the Trump administration’s tariffs would increase its costs by $4 billion to $5 billion this year. In a conference call with analysts, G.M. executives said the company now expects to make $8.2 billion to $10.1 billion this year, down from a previous …

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 …