If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric-vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories. Executive orders issued by Mr. Trump on Inauguration Day amount to a…
By Gram Slattery WASHINGTON (Reuters) – A top trade adviser to President-elect Donald Trump told Reuters on Thursday that the new administration would not look “fondly” on any attempt by China to manipulate its currency, responding to a Reuters report that authorities there were considering allowing the yuan to weaken next year. Peter Navarro, Trump’s…
JPMorgan Chase CEO Jamie Dimon has been communicating with Donald Trump in recent months through secret back channels, helping the president-elect hammer out a policy agenda before and since his decisive White House victory, The Post has learned. The 68-year-old Wall Street titan — who, like 78-year-old Trump, grew up in Queens in New York…
US bipartisan lawmakers have called on their Department of the Treasury to re-evaluate its treatment of Hong Kong banks, accusing the city of becoming a hub for money laundering and evasion of sanctions involving authoritarian countries. In a joint letter sent to US Treasury Secretary Janet Yellen and unveiled on Monday, Republican congressman John Moolenaar…
Global markets rose Monday as investors responded positively to President-elect Donald Trump‘s nomination of billionaire hedge fund manager Scott Bessent as Treasury secretary. European and Asian markets largely tracked Wall Street‘s gains last week, reflecting optimism over a potentially market-friendly economic plan. In Europe, Germany‘s DAX climbed 0.7 percent to 19,461.11, while France‘s CAC 40…
Give Donald Trump credit for this: he can turn practically anything into a reality show, including picking a Treasury Secretary. The media had followed the selection process on a daily, and sometimes hourly, basis as Trump auditioned a number of candidates in recent weeks for the top economic post in his second Administration. On Friday,…