Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
China
Trump’s Tariff Threat for Drug imports Poses Big Political Risks
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.
Trump’s Dilemma: A Trade War That Threatens Every Other Negotiation With China
President Trump is staking everything on winning by imposing tariffs on China. But the fight threatens to choke off negotiations about other issues like Taiwan, fentanyl, TikTok and more.
China’s Halt of Critical Minerals Poses Risk for U.S. Military Programs
The Pentagon and defense contractors are heavily reliant on magnets and rare earth minerals mined or processed in China, which has suspended exports of the materials in an escalating trade war.
Trump Signals Semiconductor Tariffs Are Coming ‘Very Soon’
The president has suggested that he will move forward with a national security investigation this week that is likely to result in tariffs on chips.
A Devastating Trade Spat With China Shows Few Signs of Abating
The Trump administration is in a standoff with the Chinese government as trade tensions escalate, leaving U.S. businesses in the cross hairs
Trump Adds Tariff Exemptions for Smartphones, Computers and Other Electronics
A long list of electronic products got a reprieve for now from at least some of the levies on China, which had been expected to take a toll on tech giants like Apple.
Trade War Forces Tough Question for Retailers: Raise Prices or Eat the Cost?
A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.
What to Know About Who Pays the Higher Costs of Trump’s Tariffs
President Trump’s trade policies will make imports more expensive and calculating and paying the tariffs more complicated.
The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.