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Tariffs Could Wreck What Bangladesh’s Garment Workers Have Gained
It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the…
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Customs (Tariff)
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How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American…
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Ford Says Tariffs Will Cost Company $1.5 Billion in 2025
Ford Motor said on Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest and taxes,…
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As Backlash to Trump’s Tariffs Grows, Europe Boycotts American Brands
For motorcycle lovers in Sweden, Harley-Davidson is the hottest brand on the road. Jack Daniel’s whiskey beckons from the bar at British…
Business
The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market…
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Trump Says He Will Put 100% Tariff on Movies Made Outside U.S.
President Trump said he would impose a 100 percent tariff on movies “produced” outside the United States, proclaiming in a social media…
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China’s Garment Factories Face a Tipping Point After New Tariffs
Liu Miao has sold clothing on Amazon to wholesale buyers in the United States for the past five years. That trade has come to an abrupt…
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Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…
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Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles…
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US Hiring Stayed Strong Amid Early Days of Tariff Policy, Jobs Report Shows
The latest message from the data on the U.S. economy is simple: So far, so good, until further notice. The labor market remained in a…
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Companies Are Raising Prices as Tariffs Hit
More companies are starting to warn that they will have to pass on higher costs to American consumers, raising prices for products like…
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U.S. and China Dig In on Trade War, With No Plans for Formal Talks
As trade tensions flared between the world’s largest economies, communication between the United States and China has been so shaky that…
Business
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more…
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Don’t Count the Dollar Out Just Yet
In fact, even without the damage inflicted recently by Mr. Trump’s policies, it’s possible that the dollar would be declining anyway, if…
Business
Why Apple Warned About a $900 Million Tariff Hit
The worst is yet to come Wall Street had been anxiously awaiting the latest quarterly results from Amazon and Apple to see how badly the…
News
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
Business
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
Business
Amazon Says Operating Profits May Decline Amid Economic Uncertainty
As much as Amazon may have wanted to dodge the spotlight in President Trump’s trade war, there was no avoiding it for America’s largest…
Business
How Much Time Will Musk Devote to Tesla?
Musk or not, Tesla’s challenges remain Tesla shareholders appear relieved that Elon Musk seems set to stay on as C.E.O., after the…
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GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said that the Trump administration’s tariffs would…
Business
A Tidal Wave of Change Is Headed for the U.S. Economy
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products…
News
As a Tariff Loophole Closes, Sellers Who Import From China Brace for Chaos
Small-ticket items shipped to the United States from China will no longer be exempt from tariffs starting on Friday, when a decision by…
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Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast
The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday…
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Mercedes-Benz and Volkswagen Facing Uncertainty With Tariffs
European carmakers, including Mercedes-Benz, Stellantis and Volkswagen, said Wednesday that the chaos and upheaval caused by the tariffs…