The Trump administration signaled on Sunday that it would pursue new tariffs on the powerful computer chips inside smartphones and other technologies, just two days after it excluded a variety of electronics from the steep import taxes recently applied on goods arriving from China. The push came as President Trump’s top economic advisers scrambled to…
For the past week, President Trump has been urging calm in the face of the financial chaos that he created and resisting calls for him to rethink his approach. “I know what the hell I’m doing,” he told Republicans on Tuesday as the massive tariffs he had imposed sent global markets into a tailspin. “BE…
Wall Street billionaires are not used to being on the outside looking in. But that is where they find themselves after President Trump ignored their appeals to call off his tariff plans which they fear could endanger the economy. With the backdrop of rapidly mounting stock market losses, corporate titans have worked every angle —…
President Trump’s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes on imports could cause a significant spike in prices or tip the U.S. economy into a painful recession. As Mr. Trump departed Mar-a-Lago for another day of golfing at his club in Jupiter, Fla., his…
President Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America’s trade partners, would cause a recession. In the interview with Maria Bartiromo, the host of “Sunday Morning Futures” on Fox News, Mr. Trump also said that he was considering increasing tariffs against Mexico…
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused. Most everyone involved was confused,…
A day after President Trump scrambled trade relations with Canada and Mexico and sent stock markets plunging, Howard Lutnick, the commerce secretary, said Wednesday that Mr. Trump could lower the 25 percent tariffs he put on products from those nations and that an announcement would be coming later in the day. In an interview on…
US stock futures and Asian markets rose after Trump’s commerce secretary hinted at some tariff compromises. Trump reimposed 25% tariffs on Canada and Mexico after pausing the plan for a month. Markets closed lower for a second consecutive day as the Nasdaq and S&P 500 saw significant declines. US stock futures ticked up on Tuesday…
Elon Musk’s growing power in government appears to be making some of his businesses more of a magnet for investors. Case in point: Banks have managed to sell off most of the $12.5 billion worth of debt owed by X, his social network, to eager buyers. Investors are essentially betting that the company’s future is…
Not so long ago, Taiwan basked in seemingly boundless, bipartisan support in Washington, where the island has long been regarded as a valiant democratic partner against China. Now, a few weeks into President Donald J. Trump’s second term, Taiwan is adjusting to a shift in its relationship with the United States, its primary backer —…