Vietnam’s top leader, To Lam, has asked President Trump to delay the imposition of tariffs for at least 45 days so the two sides can avert a move that would devastate the Vietnamese economy and raise prices for American consumers. The 46 percent tariff rate the United States has said it will impose on Vietnam…
The Trump administration this week levied sweeping tariffs across the globe, provoking retaliation from other countries and sending the stock market tumbling. An unexpected consequence? Penguin memes. Images of the flightless birds have waddled their way across the internet this week after President Trump imposed tariffs on Heard Island and McDonald Islands, Australian territories near…
Jaguar Land Rover, the British luxury automaker, said on Saturday that it was pausing shipments to the United States in April, days after President Trump’s auto tariffs went into effect. The company, which makes luxury cars that include Jaguars, Defenders and Range Rovers, does not have manufacturing facilities in the United States and exports all…
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…
In the past, the one constituency President Trump has sometimes listened to has been our stock market. Well, it has spoken, falling 10.5 percent in one of the largest two-day stock market swoons in decades. In the 50 years I have been immersed in markets and economic policy, I have never before witnessed a signature…
It was not long ago that President Joseph R. Biden Jr. was marshaling European allies to resist the Russian invasion of Ukraine. He illustrated the point that a top American diplomat, R. Nicholas Burns, recently summarized as the way the United States wins the global competition for power and prosperity: “Be nice to your allies.”…
The notion that the Federal Reserve will rush in to rescue investors in a crisis has comforted investors for decades. But in the big market downturn induced by President Trump’s tariffs, no Fed rescue is in sight. Jerome H. Powell, the Federal Reserve chair, made that clear on Friday. The tariffs are much “larger than…
Outside City Hall in Windsor, Ontario, it was apparent on Friday morning that at least one American thing wasn’t being boycotted. Fans dressed in Detroit Tigers clothing were gathering at a bus stop to cross the river to take in the team’s home opener. Beyond the opening day festivities, however, it was a week of…
President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest consumer market. Naturally, they are looking for the next big thing. Statistically speaking, that would mean China. The E.U. has the second-largest consumer market in the world behind America; China is…
China has struck back at President Trump on Friday. In a rapid fire series of policy announcements, including 34 percent across-the-board tariffs, three government agencies in Beijing showed that China has no intention of backing down in the trade war that Mr. Trump began this week with his own steep tariffs on imports from around…