When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with Mexico. Now, nearly a billion dollars of commerce and more than 15,000 trucks roll over the line every day just a quarter mile from his office, binding the economies of…
The Trump administration plans to move forward with imposing stiff tariffs on Mexico, Canada and China on Saturday, in an attempt to further pressure America’s largest trading partners to accept deportees and stop the flow of migrants and drugs into the country. In a press briefing Friday, White House press secretary Karoline Leavitt said the…
During Monday’s stock market swoon, Nvidia, the artificial intelligence giant, lost nearly $600 billion in value, the biggest single-day loss for a public company on record. How could the fortunes of one of our leading companies fall so far so suddenly? While some will seek answers in the promising A.I. start-up coming out of China…
Jamie Dimon, JPMorgan Chase’s chief executive, repeatedly warned about tariffs during President Trump’s first term. They were a threat to the economy, he said several times in 2018, and “wouldn’t be a positive,” he said in 2019. Now, two days into Mr. Trump’s second term, Mr. Dimon has called tariffs a valuable “economic weapon.” “If…