Tag Archives: Trump

For the last several months, Ken Harvey has been cultivating a budding side business for his Honda and Mazda dealerships in Northern California: selling used Teslas. A few times a month, Mr. Harvey picks up a few pre-owned Teslas at a local automobile auction and offers them for sale, often at surprisingly affordable prices, thanks to a $4,000 federal tax …

Two chemical industry groups are asking President Trump for a complete exemption to free their factories from new limits on hazardous air pollution. Under a new rule finalized by the Biden administration last year, chemical plants would soon be required to monitor and reduce emissions of toxic pollutants, like ethylene oxide, a cancer-causing ingredient used in antifreeze and plastics. Now …

‘As a business owner, you don’t make money right away, right?’ Hamid Chaudhry, 53, from Reading, Pa. “I live in Trump country,” Hamid Chaudhry said. “Nobody is panicking.” The owner of a farmer’s market, he said he has taken a 25 percent cut in profits over the past year because of the rising costs of goods and services. He said …

The Republican Party embarked this week on a haphazard experiment in economic policymaking, wagering that the United States can weather a monumental tax increase in the form of broad tariffs on imported goods as long as Congress also cuts taxes on income. It’s a mash-up that many investors, economists and even some G.O.P. lawmakers expect to be a failure. “I …

The Trump administration on Friday rejected a Biden plan that would have required Medicare and Medicaid to cover obesity drugs and expanded access for millions of people. Under the law that established Medicare’s Part D drug benefits, the program was forbidden from paying for drugs for “weight loss.” The Biden administration’s proposal last November had attempted to sidestep that ban …

Some Republican senators on Capitol Hill, including one of President Trump’s most ardent supporters, have signaled their uneasiness to the sweeping global tariffs that the president announced this week and that sent global markets reeling. Senator Ted Cruz, Republican of Texas, warned on Friday that a future where other countries slap retaliatory tariffs on U.S. goods, as China has already …

Two days after President Trump announced his expansive global tariffs, the United States confronted wide-ranging blowback, with China retaliating against American goods and markets falling sharply on worries of a persistent and damaging trade war. No portion of the global economy appeared unscathed as the world braced for Mr. Trump to begin imposing his nearly across-the-board taxes on imports Saturday, …

Many oil and gas executives thought they had hit pay dirt with President Trump’s election. A Trump administration would be staffed by people sympathetic to the industry. More areas would be opened to drilling and costly regulations swept away. In recent days, though, the industry has had ample reason to question that narrative. The tariffs Mr. Trump announced on Wednesday …

U.S. employers accelerated hiring in March, a surprising show of strength that analysts warned might be the high-water mark for the labor market as the Trump administration’s economic policies began to play out. Employers added 228,000 jobs last month, the Labor Department reported on Friday, a figure that was far more than expected and was up from a revised total …

The European Union, taken as a whole, is America’s biggest trading partner. That makes President Trump’s fresh tariffs especially painful for the 27-nation bloc — but also gives it a uniquely large amount of economic weight to throw around in response. In the hours after Mr. Trump’s sweeping tariff announcement on Wednesday, European leaders began to make clear that they …