President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world….
President Trump’s imposition of tariffs on all steel and aluminum imports could make it more expensive to produce cars in the United States, dealing another blow to automakers already facing the potential of rising steel prices because of other policies from his administration. Top of mind for auto executives was the bid by the Japanese…
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties. Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world….
President Trump made a lot of promises on the campaign trail last year. Investors and business leaders enthusiastically cheered some, like lower taxes and relaxed regulation, and expressed wariness about others, like tariffs and reduced immigration. But when Mr. Trump won the election, there was little sign of that ambivalence: Stock prices soared, as did…
As he prepares to introduce new tariffs on foreign metals this week, President Trump has vowed not to grant the types of exclusions and exemptions that were common during his first trade war. But he has already undercut that tough position on other tariffs. After lobbying from automakers, farmers and other industries, Mr. Trump quickly…
The United States buys more steel from Canada than from any other country, and those imports will become much more expensive under tariffs President Trump intends to impose this week. That’s good news to Stephen Capone, president of Capone Iron Corporation of Rowley, Mass., which makes steel stairs, handrails, gratings and other products and has…
As President Trump puts new tariffs on goods from China and threatens a trade war with allies like Mexico and Canada, one global company is likely to suffer less than most of its competitors: Tesla. But the electric car maker led by Elon Musk, which accounts for a third of the billionaire’s wealth, is also…
Jerome H. Powell, chair of the Federal Reserve, said the central bank is focused on the “net effect” of President Trump’s sweeping economic agenda amid high uncertainty about which policies will actually be enacted, as he reiterated that officials are still not in a “hurry” to adjust interest rates. “As we parse the incoming information,…
A month ago, President Trump announced that he would impose sweeping tariffs on imports from Canada and Mexico before reaching a last-minute deal to delay them for 30 days. This week, after markets revolted when the tariffs were put in place, Mr. Trump watered them down with a monthlong reprieve for automakers. And then on…
Meltdown The markets have spoken. The S&P 500 is on track for its worst weekly loss since the collapse of the Silicon Valley Bank crisis two years ago. And investors have wiped out post-Election Day gains as President Trump’s dizzying start-stop tariff policy fuels volatility on trading floors and in boardrooms. Another test comes this…
