Why the Economic Disruption From Trump’s Tariff War Will Be Hard to Reverse
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
It Is Happening Every Day, Every Where
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not aware of a call, which Mr. Trump had alluded to last week.
The cases are the latest test of the president’s expansive claims of executive power.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
Skepticism has grown of his efforts to expand his authority and of his handling of issues long seen as strengths for him, including the economy and immigration.
President Trump said “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.
The German government scaled back its prediction for 2025 to zero growth, citing the turbulence caused by U.S. tariffs, as well as stubborn bureaucracy and high energy prices.
The lawsuit, filed by Democratic attorneys general, said the president’s tariffs have hurt their economies and residents.
President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.