Health Secretary Robert F. Kennedy Jr. announced wide-ranging cutbacks at federal health agencies, including the Food and Drug Administration, that would eliminate duplicative services and paper pushers. But in interviews with more than a dozen current and former F.D.A. staff members, a different picture emerged of the far-reaching effects of the layoffs that would ultimately reduce the agency work force …
Read More »Tag Archives: United States Politics and Government
The Job Market Has Been Resilient. The Trade War Could Be Its Undoing.
For three years, the U.S. economy has been buffeted by rapid inflation, high interest rates and political instability at home and abroad. Yet it has proved surprisingly resilient, supported by the sturdy pillars of robust consumer spending, a rising stock market, and healthy balance sheets for households and businesses alike. But one by one, those pillars have begun to crack …
Read More »How Trump’s Tariffs Could Hobble a U.S. Battery Boom
The sweeping tariffs that President Trump announced on Wednesday could hobble the use of giant batteries that energy companies are increasingly installing to help them tap more wind and solar power and make the broader electric grid more reliable. Over the past five years, grid batteries have become one of the biggest growth industries in the U.S. energy sector. In …
Read More »Ford Offers Discounts on Cars and Trucks as Auto Tariffs Kick In
Ford Motor said on Thursday that it was lowering prices on most of its vehicles to the same levels it charges employees in a bid to boost sales as President Trump’s tariffs on imported cars took effect. The tariffs began on Thursday on vehicles imported from Mexico, Canada, Japan, Germany and other countries. The duties — 25 percent of the …
Read More »Fact-Checking Trump’s Claim About Egg Prices
President Trump, as he announced sweeping tariffs, batted away “very tired predictions” from critics of his economic agenda by citing a large decline in the price of eggs. “The price of eggs dropped now 59 percent, and they’re going down more and the availability is fantastic,” Mr. Trump said on Wednesday. The wholesale price of eggs has indeed fallen by …
Read More »Not Even a Royal Invite Spared the U.K. From Trump’s Tariffs
After all that — the chummy Oval Office meeting, the extraordinary royal invitation, the paeans to the “special relationship” — Britain and its solicitous prime minister, Keir Starmer, still got swept into President Trump’s tariffs, along with the European Union and other major American trading partners. Mr. Trump imposed his basic tariff of 10 percent on Britain, while hitting the …
Read More »Trump Tariffs Aim to Revive U.S. Manufacturing. Is That Possible?
President Trump’s imposition of tariffs on a scale unseen in nearly a century is more than a shot across the bow at U.S. trading partners. If kept in place, the import taxes will also launch an economic project of defiant nostalgia: an attempt to reclaim America’s place as a dominant manufacturing power. In the postwar heyday of American manufacturing, which …
Read More »China Will Face at Least 54 Percent Tariffs With Trump’s New Order
With the new tariffs announced on Wednesday in Washington, President Trump has now imposed additional tariffs on Chinese goods of 54 percent — an extremely heavy burden that will cause companies to look elsewhere for suppliers. Mr. Trump added a 34 percent tariff on imports from China, to take effect on April 9, on top of two earlier rounds of …
Read More »How Are Trump’s Tariff Rates Calculated?
As he unfurled his list of tariffs targeting most of America’s trading partners, President Trump repeatedly stressed that each nation’s rate was reciprocal — reflecting the barriers they had long erected to U.S. goods. He said little about the methodology behind those calculations, but a possible answer emerged later on Wednesday. Each country’s new tariff rate appeared to be derived …
Read More »Trump Administration Demands Additional Cuts at C.D.C.
Alongside extensive reductions to the staff of the Centers for Disease Control and Prevention, the Trump administration has asked the agency to cut $2.9 billion of its spending on contracts, according to three federal officials with knowledge of the matter. The administration’s cost-cutting program, called the Department of Government Efficiency, asked the public health agency to sever roughly 35 percent …
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