Tag Archives: Trump

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. …

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 …

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 …

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 …

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 …

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 …

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 …

Robert F. Kennedy Jr., the nation’s health secretary, pledged on Thursday to seek out experts globally to discover the reasons for the increasing rates of autism in the United States. “We’ve launched a massive testing and research effort that’s going to involve hundreds of scientists from around the world,” Mr. Kennedy announced at a cabinet meeting held by President Trump. …

President Trump has big ambitions for the global trading system and is using tariffs to try to rip it down and rebuild it. But the European Union is taking action after action to make sure the continent is at the center of whatever world comes next. As one of the globe’s biggest and most open economies, the E.U. has a …

When Congress voted to normalize trade relations with China at the beginning of this century, U.S. manufacturers braced for a stream of cheap goods to begin flowing into U.S. ports. Instead, they got a flood. Imports from China nearly tripled from 1999 to 2005, and American factories, with their higher wages and stricter safety standards, couldn’t compete. The “China shock,” …