‘We Don’t Have to Sign Deals’: Trump Backs Off Big Promises About Tariffs
After weeks of bragging about upcoming trade “deals” with foreign countries, President Trump says the United States doesn’t need to worry about them after all.
It Is Happening Every Day, Every Where
After weeks of bragging about upcoming trade “deals” with foreign countries, President Trump says the United States doesn’t need to worry about them after all.
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
Levies on Americans’ daily prescriptions and other medicines could raise costs, spur rationing and lead to shortages of critical drugs.
The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.
The president’s top advisers acknowledged President Trump’s sweeping tariffs could raise prices but said an economic adjustment that would ultimately benefit American workers was overdue.
While Joe Biden was vice president, his son used the letterhead of a Ukrainian energy company when writing to a U.S. ambassador with ties to the family.
The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.
Elon Musk’s role in the White House allows him to cancel contracts and influence policy, potentially benefiting his companies. Supporters say he has the best technology.
The minister, Yoji Muto, is expected to negotiate with U.S. officials ahead of global tariffs that could damage Japanese businesses, including automotive giants.