Markets around the world tumbled on Thursday after President Trump announced across-the-board tariffs on America’s main trading partners, including the European Union and Japan. The S&P 500 plunged more than 3 percent at the open of trading, after Asian and European stock markets also fell steeply. The tech-heavy Nasdaq fell more than 4 percent. The…
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…
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…
President Trump has accused America’s trading partners of undermining the United States for decades, saying they have engaged in unfair trade practices to steal the country’s wealth and enrich their own economies. He has set his sights on not only adversaries like China, but also traditional allies like Canada and Europe. And he has complained…
President Trump is set to unveil his most expansive tariffs to date on Wednesday afternoon, when he will detail potentially punishing levies on countries around the globe, including America’s largest trading partners. Mr. Trump has promised for months to impose what he calls “reciprocal” tariffs, which the president says will correct years of “unfair” trade…
President Trump is set to announce on Wednesday global tariffs that he says will combat unfair trade treatment by other countries and make sure American exporters remain competitive. On Monday, the Office of the United States Trade Representative released a wide-ranging report on foreign trade barriers that could hint at some of the trade battles…
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while…
New cars will probably become much more expensive in the United States after President Trump imposed a new 25 percent tariff on foreign-made cars. Cox Automotive, a research firm, estimates that tariffs would add $6,000 to the price of a car made in Mexico or Canada, two of the top exporters of vehicles to the…
Ahead of President Trump’s next big trade move, his administration invited companies to weigh in on the economic barriers they faced abroad. The list of complaints was both sprawling and specific. In hundreds of letters submitted to the administration in recent weeks, producers of uranium, shrimp, T-shirts and steel highlighted the unfair trade treatment they…
Our stock market is starting to crack. Investor confidence is rapidly dissipating. And changes in the way Wall Street works mean that the impact on your retirement portfolio could be far more severe than you may realize. With the S&P 500 Index down nearly 8 percent from its February peak, the U.S. equity markets are…